Archive for April, 2009

Pecora Commission Where Art Thou? Lessons from the Great Depression Part XXVI: Time to put the Bankers and Wall Street on Trial. “Legal chicanery and pitch darkness were the banker’s stoutest allies.”


Notice of Financial Default: California Develops a Mortgage Tsunami Patter Reminiscent of the 2007 Subprime Collapse. Alt-A and Option ARMs Unite.


Real Homes of Genius: It Takes a Pink Home to Lose 80 Percent in Value. 3 Sample Compton Homes Showing the Magnitude of the Housing Bubble and Subprime Mess. Going back to 1990 Prices.


The New Financial Overlords: The Debt Class and those that provide the Debt in Serfdom. Understanding the new Structure of the American Financial Landscape.


California Confidential: Past and Present: Where the Foreclosures Sleep: Stage 3 Tsunami Building up Again. SB 1137 Delay and Toxic Mortgages. Bank of America, Wells Fargo, and Chase get a Welcome Gift to the Golden State.


California Budget and Economy Examined: 8th Largest Global Economy Still on the Brink. $8 Billion Budget Shortfall for Next Fiscal Year and May 19 Election. Why the Six Major Propositions are only Short-Term Fixes.


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