Time Shares – Another Shattered Dream
Vacation Turns Into Financial Nightmare Anyone who has vacationed to a tropical resort cannot be blamed for thinking how great it would be to own a piece of paradise. Those who succumbed to the charms of the [...]
Will Mortgage Rates Soar As Fed Programs Wind Down?
Fed Support No Longer Unlimited There seems to be near unanimous agreement at all levels of government that a recovery in housing prices is essential for economic stabilization and future growth. The Federal Reserve has supported this [...]
Regulatory Reform Implies Cause and Solution To Financial Meltdown The Same
The Federal Reserve failed miserably in preventing the meltdown of the American financial system. Worse yet, the Fed’s loose credit and monetary policies and failure to properly regulate the financial system was arguably one of the biggest [...]
Fiscal Discipline – Endorsed By All, Practiced By None
Has anyone noticed the correlation of “fiscal discipline” chatter to rising interest rates? Efforts by the Fed to manipulate rates lower through the outright purchases of treasuries and mortgage securities seem to be failing as the long [...]
Bonds Sell Off, Credit Ratings In Doubt & Mortgages ReDefault
Every day there are many great posts on the web. Here are some from the past week that merit a full read. The listing order is random. Ok, I’m Done With Being Nice Karl Denninger does not [...]
Geithner – “I am not a crook”
“Chinese assets are very safe” This remarkable assertion regarding the safety of US debt securities held by China was made by Timothy Geithner, US Treasury Secretary, during his visit to China. That Mr. Geithner felt compelled to [...]
Mr Greenspan, “There You Go Again”
Greenspan Insists He Was And Is The Maestro Alan Greenspan, probably more responsible for the financial bust than anyone else on planet earth, attempts to influence the history books by again (unsuccessfully) defending his record. WASHINGTON — [...]
Chinese Likely To Halt Purchases Of US Treasury Debt
Nervous Times In China The Chinese are learning the hard way about an old American banking story. The man who owes the bank $50,000 dollars on a secured loan may lay awake at night worrying about how [...]
Greenspan Makes A Fool Of Himself – Again
It Wasn’t My Fault Alan Greenspan insists on setting the record straight, proclaiming that his ultra easy monetary policies had nothing to do with causing the world financial crisis. This was about as convincing as his past [...]
