Still Crawling Out of a Very Deep Hole, The Collapse of Home Equity
NY Times — Still Crawling Out of a Very Deep Hole At the same time, home equity — for most families, the most important store of wealth — has been devastated by the housing bust, with $7.4 trillion...
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Video: “Dogs Against Romney” debuts new ad as long-term unfunded entitlement...
Priorities. The bad news? Romney once put his dog in a kennel strapped to the top of his car during a family vacation. The good news? Although the Medicare fund is set to go bankrupt by 2024 and the...
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Say, whatever happened to “pay-go”?
Could this be a reason Senate Democrats won’t budget? Andrew Kaczynski of BuzzFeed unearths this gem from 2008, when Barack Obama thundered about the fiscal irresponsibility of George W. Bush over...
View ArticleSCHNEIDERMAN Op-Ed | Attacking The Foreclosure Crisis
Attacking The Foreclosure Crisis Op-Ed Published in New York Daily News Daily News- Attacking the foreclosure crisis: New York‘s attorney general pushes back on recent reports BY ERIC SCHNEIDERMAN In...
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Bad news: Lawrence O’Donnell not happy about cost of Ann Romney’s shirt
Standards. Via Newsbusters, a spiffy example of what I said in the last post about using dumb distractions to create a sour impression of Romney. When you can’t talk about $5 trillion in new debt,...
View ArticleGeorge Mantor | What “Banks” Really Do
What “Banks” Really Do Jamie Dimon, pompous ass of JP Morgan Chase, has gotten himself into an awkward situation. Losing $2 billion dollars, or was it three, or four or more, maybe much, much more....
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“Tim, could you get the door?” “Sure, honey… are we expecting company?” “Not...
As many as 1,000 surprise guests visited the Bethesda home of Treasury Secretary Timothy Geithner on Sunday around 5:00 PM. They sang, they prayed and they tried to deliver a letter to Mr....
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No joke: New White House website offers children lessons on … financial literacy
The blind leading the blind. Via the office of GOP Rep. Tim Griffin, who’s having no end of fun with this on his Twitter account, go take a peek at some of the valuable insights about thrift that the...
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Correcting the media on Obama’s spending record… again
Again. In a recent analysis on Market Watch, Rex Nutting says Americans who think there has been a large increase of federal spending under President Obama’s watch are wrong. From the analysis: Over...
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USA Today: Real FY2012 deficit is … $5 trillion
Using the rules Congress sets for everyone else. What would happen if Congress had to apply the regulations in Sarbanes-Oxley, Dodd-Frank, and other corporate accounting law to its own balance sheets?...
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Inside the Mind of JPMorgan Chase CEO, Jamie Dimon
HERE’S JAMIE! This is what a man looks like who is in charge of more than $2 trillion in assets, and whose acts could destroy the global financial system over a weekend? Or, is this just a real...
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DNC spokesman: “The Bush tax cuts did some good things for the middle class”
So… we’re all in agreement, then? The Bush-era tax cuts are set to expire on the first day of 2013, ushering in an immediate half-a-trillion dollar tax imposition on Americans that many in Congress...
View ArticleTrashed Out | Bank of America “Winterizes” Dead Mother’s Home and Hauls Off...
Worcester man battles bank after vintage muscle car hauled off Owner claims bank stonewalls on info WORCESTER — As David vs. Goliath struggles go, they don’t get much more lopsided than a lone...
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Video: “Unpatriotic Debt”
Four years ago today …. Remember this blast from the past — in fact, from four years ago today? Then-Senator Barack Obama blasted George W. Bush for adding $4 trillion to the national debt and...
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I Would Have Bet Anything Against This 10 Years Ago…
I’m not kidding about this… If even ten years ago, someone would have tried to tell me that in 2012, young people in Russia would be doing this (see video below), while in the U.S.A. our young people...
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Obama hits back: Romney’s a big flip-flopping fan of mandates, you know
“That’s exactly what’s included as part of my health care plan.” You know that jobs report was bad when this guy would rather talk about the trillion-dollar albatross perched on his head instead. A...
View ArticleThe $1 Trillion Student Debt Question | Are the Slaves Repaying their Loans?
ANSWER = NO ~ The looming student loan bubble – Almost half of all student borrowers were not making payments. 1 out of 4 in debt repayment past due on student debt. The aggressive growth in student...
View ArticleCapital Account | Charles Ferguson on the Financial Landscape after 2008′s...
Welcome to Capital Account. It’s been roughly four years since the 2008 financial crisis, and it doesn’t feel like a whole lot has changed on Wall Street. Too Big to Fail Banks are bigger, 650 trillion...
View ArticleBanks’ Lending Frenzy Left Borrowers Buried in Student Debt, Report Details
Banks’ Lending Frenzy Left Borrowers Buried in Student Debt, Report Details by Marian Wang ProPublica Much like the mortgage market, the market for private student loans has gone through a big boom …...
View ArticleSuper-Rich Hold Up To $32 Trillion In Offshore Havens: Report
Ladies and gentlemen… $1 trillion dollars… Notice those pallets are double stacked… and remember those are $100 bills. The red dot on the left is a person standing next to the pallets to put it in...
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