October 2010
October 31, 2010 –
Gonzalo Lira writes anotherSo to sum up, we have:
[more]
October 27, 2010 –
Another real estate bubble classic - In this case from early 2007 you can see the high ethics and intelligence that permeated even the bottom reaches of the mortgage industry before the crisis. A Google search reveals that the defendant later appeared on Judge Joe Brown, and in 2009 was arrested for welfare fraud. [more]
October 26, 2010 –
CR says: [more]
October 25, 2010 –
Aligned with Martenson here: [more]
October 19, 2010 –
James Kunstler has the narrative here: [more]
October 18, 2010 –
Gonzalo Lira writes another great post here: [more]
October 18, 2010 –
Zerohedge - [more]
October 15, 2010 –
[more]
October 14, 2010 –
Zerohedge find Mr T on Bloomberg....yes, LOL! Mr T is on Bloomberg talking about gold! [more]
October 13, 2010 –
Bank Shot By James Howard Kunstler
on October 10, 2010 11:31 PM [more]
October 11, 2010 –
“We’ve done everything right, we’ve always paid on time, and this program is supposed to help us,” said Brian. “We follow the rules—but people who bought homes they couldn’t afford get to squat in those McMansions rent free. It would have been smarter if we’d been crooks.” [more]
October 09, 2010 –
800k views [more]
October 08, 2010 –
"The lessons of history ... show conclusively that continued dependence upon relief induces a spiritual and moral disintegration fundamentally destructive to the national fiber. To dole out relief in this way is to administer a narcotic, a subtle destroyer of the human spirit." [more]
October 08, 2010 –
Zerohedge with the post - Karl Denninger, who has been tracking the issue of title fraud in the mortgage space for years, was on the Dylan Ratigan show earlier, and not only provided one of the most comprehensive explanations of where we are, how we got here, and where we are going (unfortunately nowhere pleasant) to date, but also was gleefully and sarcastically rhetorical with his closing remarks: "What if we find that of these $6 trillion in securities that are out there, outstanding right now, half or more of them are defective. You put them back on the banks and they all blow up. You know what - we have a resolution authority under Frank-Dodd, how about if we use it?" We would only add that courtesy of second degree, third degree, and fourth degree leverage, as we presented yesterday, the final amount of net capital at risk, courtesy of numerous other layers of debt, will end up being far, far greater than just $3 trillion. And yes, there is a reason why the OCC keeps a track of the $233 trillion in total derivatives held by US banks.
[more]
October 05, 2010 –
Zerohedge has the find here: Submitted by Tyler Durden on 10/05/2010 11:24 -0500
Some rather scary predictions out of Paul Farrell today: "It’s inevitable: Wall Street banks control the Federal Reserve system, it’s their personal piggy bank. They’ve already done so much damage, yet have more control than ever.Warning: That’s a set-up. They will eventually destroy capitalism, democracy, and the dollar’s global reserve-currency status. They will self-destruct before 2035 … maybe as early as 2012 … most likely by 2020. Last week we cheered the Tea Party for starting the countdown to the Second American Revolution. Our timeline is crucial to understanding the historic implications of Taleb’s prediction that the Fed is dying, that it’s only a matter of time before a revolution triggers class warfare forcing America to dump capitalism, eliminate our corrupt system of lobbying, come up with a new workable form of government, and create a new economy without a banking system ruled by Wall Street." And just like in the Hangover, where the guy is funny because he's fat, Farrell is scary cause he is spot on correct. [more]
RSS Headlines
Fool UK