Things are far worse than they seem..
Yeah, that’s my new special post category, in honor of CM, which try as he might, seems to only use vague and generalized personal attacks to dispute my points, and makes the case that I am...
View ArticleHaven’t some of us been saying so?
What you ask? Well, that the real problem is the financial obligations to keep up the socialist bullshit: When adding in all of the money owed to cover future liabilities in entitlement programs the US...
View ArticleAin’t that a bitch?
Guess who so far has ended up being the biggest beneficiary of the Dodd-Frank financial regulation law? For those of you not familiar with Dodd and Frank, here is some background. Chris Dodd was a...
View ArticleBlow the Houses Up
This is the first of two posts, one on housing, one on banking. I’ll post the second one shortly. Just when you thought it was safe to get back into the financial waters our dumbass government decides...
View ArticleUnder President Obama & the democrats….
WaPo points out that data gathered shows that Wall Street firms — independent companies and the securities-trading arms of banks — have earned more in the first 2 1/2 years of the Obama administration...
View ArticleFHA Is Next
Oh, come on. Admit it. You’re not surprised: Concerns are rising that the Federal Housing Administration could run out money if the economy doesn’t recover soon, raising the risk the agency would seek...
View ArticleNot “If”, but “When”.
As I have pointed out, we are sooner than later going to have another economic disaster, because the politicians that caused it not only didn’t fix it with a massive expansion of their power to...
View ArticleThey admit they wanted it to fail!
And that’s because they think they profit from that failure. Barney Frank, he who with another crook, Chris Dodd, was instrumental in the last housing market collapse, and, whom i remind you all...
View ArticleFM and FM Reloaded
A couple off weeks ago, the SEC indicted a number of executives from Fannie Mae and Freddie Mac for fraud. A detailed look at the indictment is here. Money quote is a long one, but I think you have to...
View ArticleI told you we where going to get it even worse…
And it looks like the social engineers do not plan to disappoint. Remember when I pointed out that the same politicians that created the environment that caused the housing collapse demanding to be the...
View ArticleMeet the New Standards, Same as the Old Standards
Well, knock me over with a feather: The government is establishing new rules for mortgages that will make it harder for some borrowers to qualify but that are designed to prevent the kind of risky...
View ArticleThe Definition of Insanity
Is government housing policy: Recent steps by federal regulators make it clear: low down-payment loans, a feature of the housing market’s boom, are coming back. On Monday, Federal Housing Finance...
View Article
