. The FBI began using the word ‘epidemic’ to describe mortgage fraud in September of *2004* predicting that it would cause an economic crisis if it were not contained. Greenspan, Bernanke, and Geithner knew exactly where we were headed, but failed to take action. The highrollers were having waaay too much fun sitting at the gambling tables […]
Grabbin’ the Bull…
…by the Flagpole From the “THAT’S what we’re talkin’ about!” department…
Of Pitchforks and Panics
First, some words of wisdom from Abraham Lincoln, on January 11, 1837 ~ “It is an old maxim and a very sound one, that he that dances should always pay the fiddler. Now, sir, in the present case, if any gentlemen, whose money is a burden to them, choose to lead off a dance, I […]
Is Your Bank Healthy?
The situation keeps getting scarier and scarier…… I just happened upon an official FDIC Failed Bank page with links to info that may be of help to any affected depositors. Twelve have failed so far this year. (That doesn’t include the latest humongous quagmires: Lehman Bros since they declared bankruptcy rather than being seized, Merrill Lynch since the […]
Truly Creative Destruction
As mentioned on my Bush/Cheney Administration page, in a country where the economy crumbles due in large part to a criminally fraudulent “creative financial products” bubble-burst — as home values plummet, bridges collapse, hardworking people max out their plastic just to cover necessities, and many families end up sleeping in their cars or on the streets […]
