Posts Tagged ‘Mortgage Crisis’

Obama Intends to Bring Down Capitalism

Wednesday, 07 November 2012 14:38 Written by Bob Adelmann 2 Comments

Reynolds has a blind spot, and as a result promotes a myth.

Fed’s “Independence” Threatened by Bernanke?

Monday, 27 February 2012 11:22 Written by Bob Adelmann 1 Comment

One of the persistent themes accepted unquestioningly by the media is the necessity—and independence—of the Fed. Neither is true, of course, as this article points out.

Foreclosure Settlement Bails Out the Big Banks

Tuesday, 14 February 2012 04:29 Written by Bob Adelmann 1 Comment

If anyone is ever in doubt about the power of the big banks, this article ought to disabuse of such doubts.

UBS CEO Grübel Hastily Resigns Over Rogue Trading Losses

Tuesday, 27 September 2011 05:51 Written by Bob Adelmann 0 Comments

The international banks are so corrupt that no one can believe a word they say. In fact, it would probably work well to bet against any declarations. On Friday CEO Grubel said he had the full support of the board. Saturday he was gone. Just part of the public cleansing so necessary to keep UBS’s public image clean and shiny.

Bernanke’s Last Two Economy-Boosting Tools

Monday, 12 September 2011 05:40 Written by Bob Adelmann 3 Comments

It’s getting harder and harder to write about this guy since he has nothing to say and takes forever to say it. As another writer wryly remarked, the Fed has only two things to sell: money and blarney. I’m amazed that so many people seem to keep buying!

Legal Fallout From Housing Collapse Continues

Thursday, 08 September 2011 05:59 Written by Bob Adelmann 1 Comment

Some things are highly predictable in an unpredictable world. One of them is that government interference in the lives of people will have unintended consequences—often hurting the very people government is trying to protect or reward. Justice is a natural law, and won’t be repealed…just delayed.

White House to NY: Accept Bank Foreclosure Deal

Wednesday, 31 August 2011 05:55 Written by Bob Adelmann 1 Comment

This whole scenario illustrates, once again, the amazing and audacious corruption of the big banks, and their complete surrender to pragmatism and self-interest. The fact that only one state’s Attorney General has objected is disheartening, but on the other hand, all it takes is one to spoil their party.

Bank of America Blames Stock Price Decline on Analyst

Monday, 29 August 2011 05:12 Written by Bob Adelmann 0 Comments

This article was such fun to write. There was so much that could be said about Bank of America – way more about their deceitful behavior and shenanigans in the mortgage market. Suffice to say, the analyst hit awfully close to the mark when measured simply by the response of the bank. And I loved being able to use Hans Christian Anderson’s story at the end. That was perfect!

Looking for Green Shoots in the Economy

Tuesday, 19 July 2011 06:41 Written by Bob Adelmann 1 Comment

It’s easy to laugh at the attempts of mainstream economists to see green shoots where none exist (or have faded away). It’s harder instead to find something positive to say, but I found it. In a perverse sort of way: the worse the economy gets the better the chances that Obama will be a one-termer.

Fair Tax? Flat Tax? The Case for No Tax

Tuesday, 31 May 2011 23:05 Written by Bob Adelmann 2 Comments

This is a perfect example of controlling the conversation so that the real issues can be avoided. Instead of talking about how to arrange the tax code, the conversation should be about cuts in government spending. That’s the best way to reduce taxes, not just rearranging how they are paid.