By 2011, Balance on Over 50% of Mortgages Will Be More Than The Value of the Home…
As we all know, the reason the whole financial meltdown took place is because government intervened in the workings of the market, it seems the side-effects of this intervention shall remain in place for much longer; by 2011 over 50% of US Mortgages shall be more than the value of the home that is mortgaged [...]
Barack Obama Claims Banks Not Nationalized, Banks Beg To Differ…
The Barack Obama administration is becoming more and more like the government of the defunct Soviet Union. It shamelessly lies to the American public about things that are so blatantly obvious that the lies don’t merely seem pathetic, they seem downright bizarre. A good example is its’ stance on Nationalization and Socialism. We keep on [...]
Comparing Enron/Worldcom/Tyco to Fannie Mae and Freddie Mac
If the executives from Worldcom/Enron and Tyco got hauled of to the big house, how come the guys at Freddie Mac and Fannie Mae are still living la vida loca? Here the video from Taxpayers for Truth: From Hotair: Here is the roster presented by the video, in brief: Bernard Ebbers, Worldcom: 25 years in [...]
Video: Financial crisis in 10 minutes or less
“Burning Down the House” has been floating around the net for a few days: Ed Morrissey has a few salient points to add: A few clarifications should be made. This video lays all of the blame on Democrats, which is a natural reaction in an election year, but that lets a lot of Republicans off [...]
