tag:blogger.com,1999:blog-50953376882616506092011-12-13T14:13:12.837-05:00Save the endangered American saver by opposing any housing bailout. "Millions for Defense, Not One Cent for Tribute" --The battle cry of Americans rejecting 18th-Century extortion.J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.comBlogger871100tag:blogger.com,1999:blog-5095337688261650609.post-51713344479018975812009-08-07T11:26:00.007-04:002009-09-17T18:44:48.815-04:00

Cash for Clunkers (C4C, Car Allowance Rebate System (CARS)) is anti-poor, anti-recovery, anti-safety, anti-consumer, anti-saver, anti-taxpayer, anti-business, anti-environmental, anti-health, anti-charities, anti-productivity, and anti-economics.Anti-Recovery: C4C is classic wealth destruction. Its Carthaginian scorched-earth policy demands that working engines must be destroyed. Destroy the

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com4tag:blogger.com,1999:blog-5095337688261650609.post-49063449558111980522009-07-10T07:55:00.006-04:002009-07-14T13:50:54.184-04:00

Government Ponzi Bubble Bailout GlossaryHere is your secret decoder ring to decipher the euphemistic jargon used by financial pundits and government officials, particularly regarding the bailouts (to be updated periodically)."21st Century" (adj.) = Unaffordable"Accountability" = Plausible deniability"Asset" = Debt"Bad Bank" = Taxpayer"Build America Bonds" = Loot America bonds"Capital" =

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-8589675323574704002009-06-26T07:42:00.022-04:002009-07-10T07:47:54.116-04:00

What are people paying and buying and what does it tell us about prices and inflation? Are Rents Rising? Landlord Kyrgyzstan raises rent more than 300% on tenant USAThe United States will pay more than triple its current $17.4 Million annual rent to use the Manas airbase outside Bishkek in Kyrgyzstan in Central Asia.In addition, Uncle Sam must pay "$37 million to build aircraft parking slots

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-15776292749221915882009-06-25T07:23:00.013-04:002009-08-07T11:26:44.625-04:00

Comrade Coinz asked what leading economic indicators do you watch.The Conference Board is a good start:The Conference Board Leading Economic Index™ (LEI)The Conference Board Coincident Economic Index™ (CEI)The Conference Board Lagging Economic Index™ (LAG)The Organization for Economic Co-Operation and Development (OECD) Composite Leading Indicator (CLI) is another source.Both organizations also

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com5tag:blogger.com,1999:blog-5095337688261650609.post-28487849196942804372009-06-23T03:57:00.014-04:002009-07-10T16:57:36.994-04:00

Ringing in the MEW Year and the Illusion of Real Estate ROIA recent Wall Street Journal (WSJ) article hints at but underdevelops a crucial distinction (the first point is closer to a psychological wealth effect while the second point is more likely to involve a functional change in credit access):Fixed income, increased wealth: Spending more of your current income by decreasing your savings rate

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-67234457127790147322009-06-17T02:23:00.019-04:002009-06-23T02:24:06.148-04:00

Federal Reserve Chairman Ben Bernanke learned the wrong lesson on the Great Depression from Milton Friedman and Anna Schwartz, citing fascism, war, and inflation as cases of succesful monetary policy.Economist Paul Krugman admitted that the economy would fix itself with no government intervention yet still learned the wrong lesson from Japan's Lost Decade, calling for bridges to nowhere and

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-21638020234696662802009-05-18T14:23:00.007-04:002009-06-26T23:50:51.972-04:00

The final bill for the Global War on Savers will be vastly larger than the final bill for the Global War on Terror.Peak Nominal GDPBallpark figures rounded to nearest Trillion (T) to ease understanding(updated figures)World’s 10 Biggest Economies$17T = EU$14T = US $4T = Japan $3T = China $1T each(descending) = Canada, Brazil, Russia, India, Mexico, S. Korea$55T = World$20T = World except top 3

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-15200724187186578962009-05-17T14:06:00.013-04:002009-05-18T07:37:12.237-04:00

Debtor in Chief Obama failed to manage his own household family budget well. Barack Obama ran his own household family budget like a stereotypical overspending, over-indebted yuppie:It is no surprise that President Obama supports unprecedented spending and borrowing in the federal budget since he has never suffered any consequences from the excessive spending and borrowing in his private

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com2tag:blogger.com,1999:blog-5095337688261650609.post-32434741881602521982009-05-15T16:42:00.010-04:002009-05-17T10:32:19.386-04:00

Satire Becomes Reality in Our Economic Theater of the Absurd I previously satirized the fanciful, pollyanish economic spin of the bubble bulls by coining the following phrase:The Great Pre-RecoveryThe Great Pre-Recovery is an Orwellian euphemism for The Great Depression II (our current economy).Pre-PrivatizationThe Great Pre-Recovery satirized the real attempt to push nationalization with the

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-67191652120825953202009-05-14T12:05:00.024-04:002009-09-16T23:38:42.587-04:00

You will be haunted by 3 ghosts, the Ghost of Malinvestments Past, the Ghost of Malinvestments Present, and the Ghost of Malinvestments Yet To Come. GHOST OF MALINVESTMENT PAST (Pre-Peak Housing/Credit Bubble)Past is Prologue: America learned nothing from the 1990s Asian real estate bubble and 1997 Asian financial crisis that left Asia littered with derelict"modern ruins," the "ghost towers":--

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com2tag:blogger.com,1999:blog-5095337688261650609.post-35530784493356215992009-05-13T11:03:00.005-04:002009-05-14T07:33:41.361-04:00

FHA uses Obama's home-buying $8k tax credit to push DAP money-laundering scheme to resume risky, lax lending that leads to higher rates of default and foreclosure.The FHA previously complained that Downpayment Assistance Programs (DAP) circumvented downpayment requirements (often surreptitiously seller-financed through a shell non-profit organization), so the borrower had no skin in the game and

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-88528788921863108842009-05-13T07:56:00.015-04:002009-06-27T06:57:46.634-04:00

Japan's newest export is unemployed people.Japan is paying its unemployed to leave the country and never return, offering Y300,000 per unemployed person and Y200,000 per dependent (roughly $3K and $2k). The government is targeting immigrants such as Latin Americans of ethnic Japanese descent, including over 300,000 Brazilians, who had migrated to Japan during a tighter labor market in

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-44550167497566155232009-05-04T10:33:00.007-04:002009-05-04T12:26:14.369-04:00

"Political Cartoons" BelowDo you have your 27B-stroke-6?TARPistanian President Obama, Federal Reserve Chairman Ben Bernanke, and the rest of the Rube Goldberg crew seem to be enforcing Terry Gilliam's 1985 dystopian farce, Brazil, with its Central Services government (dis)functionary repairmen, Spoor and Dowser."So we can differ on some of the particulars, but . . . doing nothing, that's not an

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-40460624017346758932009-05-01T06:40:00.026-04:002009-06-14T04:37:41.972-04:00

President Obama inherited massive deficits from . . . Senator Obama."First of all, when I hear that from folks who presided over a doubling of the national debt, then I just want them to not engage in some revisionist history. I inherited the deficit that we have right now, and the economic crisis that we have right now." (Barack Obama, 2/9/09 press conference)When Obama blamed the other guy, the

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com1tag:blogger.com,1999:blog-5095337688261650609.post-41583819025818243432009-04-28T05:01:00.028-04:002009-07-02T22:51:30.369-04:00

Measure Money and CreditNOT Prices, Wealth, Assets, Velocity, TransparencyPeople debating inflation/deflation often take the Austrian economics' definition:Inflation = Increased supply of money and credit (combined)Deflation = Decreased supply of money and credit (combined)Therefore, the following are NOT inflation/deflation:Prices: Many deflationists rightly state that price increases are not

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-57357376587884706672008-12-13T16:00:00.022-05:002009-05-13T10:12:00.026-04:00

Bernard L. Madoff's Ponzi Scheme Loses $50 Billion of Investors Money. . . And Illustrates How Government Regulation Creates/Enables Financial FraudAmbulance-chasers who exploit this financial-fraud train-wreck for a power-grab to increase the government regulatory burden fail to understand history and human nature.Ivar Kreuger "The Match King" created a post-WWI, massive, international Ponzi

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com2tag:blogger.com,1999:blog-5095337688261650609.post-11272706190988363442008-12-13T09:48:00.013-05:002009-07-10T09:38:59.338-04:00

Rescue Chrysler/GM = Kill FordAuto Dealerships Offering Buy-One-Car-Get-A-Second-Car-Free Expose Bailout's FollyThe people crying that the automobile industry is X-million jobs or X-percent of the economy should have bought a controlling interest in GM a decade ago and reformed it, instead of trying to rob the public today.The odds that every single job would evaporate are remote.There are 2

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-13217529174536513622008-12-11T08:56:00.005-05:002008-12-14T13:12:15.232-05:00

Market Says We Need LESS Credit but Government Continues Its Force-Feeding to Cram Debt Down Your Throat The Wall Steet Journal's 12/11/08 "Freight Haulers Slam on the Brakes --Expecting the Weakest Year in Three Decades, Truck, Rail and Ocean Shipping Firms Are Cutting Back" (hat tip: CR):“In a normal year, Gordon Trucking Inc. might replace 20% of its fleet of 1,500 big rigs with new trucks.

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-58602313517765506112008-12-06T12:23:00.026-05:002009-06-14T05:04:22.767-04:00

Obama Essentially Pledges To Be Bush’s 3rd Term and Perpetuate Bushonomics "Guns & Butter" Bubble EconomyBarack “Bubbles” Obama follows his bellicose, chest-thumping "We will kill bin Laden. We will crush Al Qaeda" announcements to escalate the “Global War on Terror” and order his own troop surge in Afghanistan and raise a massive "civilian national security force that’s just as powerful, just as

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com3tag:blogger.com,1999:blog-5095337688261650609.post-73217897468203556892008-11-24T06:59:00.010-05:002009-04-29T02:02:09.539-04:00

The “Credit Crunch” that Wasn’tUS total consumer credit hits record HIGH after a year of the so-called “credit crunch,” according to the Federal Reserve’s latest provisional figures released November 7, 2008. The graph shows that 3rd-quarter 2008 total US consumer credit grew 3.7% above 3rd-quarter 2007, when the “credit crisis” began.Not only did consumer credit not shrink, it grew.September

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com3tag:blogger.com,1999:blog-5095337688261650609.post-76863723389240048742008-11-04T07:50:00.005-05:002009-05-04T10:32:55.942-04:00

Bi-Partisan Threats to YouWhat to do when both major candidates make a mockery of “change” and “reform.”Barack Obama married into the infamous Chicago political machine (his wife Michelle was a Mayor Richard M. Daly staffer), built his career on corporate-welfare tax subsidies (the Annenberg Foundation, Chicago Annenberg Challenge (CAC), pushed the risky mortgages that contributed to the current

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-54577528474503963742008-10-14T06:45:00.028-04:002008-12-14T13:01:50.353-05:00

Dark Helmet: "Light speed is too slow... We're gonna have to go right to... LUDICROUS SPEED!"(The video is down farther.)Ben Bernanke Goes to Plaid:Central Banks Will Provide Unlimited Liquidity (Ludicrous Liquidity) "In order to provide broad access to liquidity and funding to financial institutions, the Bank of England (BoE), the European Central Bank (ECB), the Federal Reserve, the Bank of

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-52776773890315489312008-10-10T08:54:00.036-04:002008-10-15T02:14:44.708-04:00

PT Barnum must be laughing at us. There’s a sucker born every minute: Never buy something you don’t understand. People ignored that advice with complicated mortgages and--learning nothing--now repeat the mistake on a national scale by buying a complicated government bailout that they don’t understand. The Blind Leading the Blind: Congress does not understand the problem any better than the Wall

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-58878003929826413072008-09-06T20:51:00.006-04:002009-09-16T22:20:21.952-04:00

The US Federal Reserve central bank does the OPPOSITE of fundamental central-banking principles.A central bank should:Remove the punchbowl before the party gets started (tighten monetary policy before inflation/bubbles start). Instead, both Greenspan and Bernanke spiked the punchbowl with whiskey, cocaine, and LSD, kept everyone’s glasses overflowing, and injected any flagging raver with

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com2tag:blogger.com,1999:blog-5095337688261650609.post-41428296307032620082008-09-06T18:32:00.009-04:002008-09-06T20:27:39.883-04:00

The vast majority (2/3 to 3/4) of BIG US corporations DO pay taxes, contrary to 'glass half-empty' impressions given by recent media headlines. ("Most Corporations Don't Pay Income Taxes: GAO" Congressional Quarterly CQPolitics CQ Today Online News Richard Rubin 8/12/08)The United States Government Accountability Office (GAO) released Tax Administration: Comparison of the Reported Tax Liabilities

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-3748585929105459612008-07-17T02:10:00.016-04:002008-12-01T00:01:20.768-05:00

The FDIC (Federal Deposit Insurance Corporation) fails across the board.The FDIC benefits the federal government--not the public--because the FDIC enables an inflationary monetary policy's inflation tax to be palliated by paltry bank interest. If the public distrusted banks, it would demand a sound, stable, non-inflationary money supply (and would use banks only occassionally for transfers (e.g.

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com3tag:blogger.com,1999:blog-5095337688261650609.post-79718487641477797052008-07-13T05:00:00.016-04:002008-09-09T17:25:49.072-04:00

Bernanke and Paulson Declare US Economy DoubleplusgoodFederal Reserve Chairman Ben Bernanke and Treasury Secretary Henry "Hank" Paulson have tried to jawbone the financial bubble along with denials of recession and with pollyanish predictions of second-half recovery (if we are not in recession, recover from what?--oh yes, the "slowdown"). The "nothing to see here" denials continue despite all

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-84660954133282867182008-04-13T12:01:00.015-04:002008-10-17T02:18:53.875-04:00

Gold/Precious Metals/Commodities Correction Followed Margin-Requirements Change to Deleverage/Deflate Commodities MarketsGold broke above $1,000 in the middle of March and threatened to move higher, but about March 19, in the most blatant manipulation yet, the private banking partners of the Federal Reserve (including J.P. Morgan Chase and Merrill Lynch) notified customers with leveraged

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-80609293513768556822008-03-31T16:15:00.043-04:002009-09-16T22:11:57.300-04:00

Putting the government in charge of financial accounting is like putting the streetcorner wh*re in charge of public morals.Brace yourself for the onslaught of misguided New Deal II, Sarbanes-Oxley (SarbOx or SOX) II, Resolution Trust Corporation (RTC) II, or Homeland Security II:Financial Homeland Security: Treasury Secretary Henry Paulson incredibly considers the New Deal centralization to be

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-25753166024851411202008-03-28T20:24:00.004-04:002008-03-31T18:04:59.547-04:00

Russia has a pro-market flat tax while the United States clings to a Marxist progressive income tax.Former Kazakhstan central bank Governor Grigori Marchenko criticized the interventionist US Federal Reserve:Look at the last 20 years, said Marchenko, a former central bank governor of Kazakhstan, as he ticked off the bailouts in which the U.S. central bank played a role: Continental Illinois in

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-23085975928310925122008-03-28T06:13:00.038-04:002008-10-17T02:17:58.076-04:00

“I hope we make money off of this.”--Senator Christopher Dodd (D-CT), Chairman of the Senate Banking Committee, speaking of the Federal Reserve's Bear Stearns bailout (National Public Radio (NPR) interview, 3/26/08)Faustian Bargain Bailouts from Obama, Bush, and DoddDodd, Obama, and Bush administration Treasury Secretary Henry Paulson all agreed to use the housing/mortgage crash and credit crisis

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-32934302635207098182008-03-25T20:30:00.007-04:002008-03-28T21:26:03.872-04:00

The Bear Stearns bailout by the Federal Reserve with its $29 billion loan and guarantee is one more example of the "too big too fail" bluff perpetrated on us.The spoiled sense of entitlement to other people's money is matched by Bernanke's and the Fed's gullibility or complicity in the extortion. Reject "The System" TrickBernanke and the Fed talk in circles about how the Fed does not intend to

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-72910565986302806882008-03-25T18:48:00.013-04:002008-09-06T17:34:37.947-04:00

Bernanke Lashes the Anti-Bubble Heretics Federal Reserve Chairman Ben Bernanke burned stock-market short-sellers with his first Wall Street bailout in August 2007 and again on March 18, 2008 with his less-than-expected 75 basis-point (75bps) Federal Funds target interest-rate cut.The Fed temporarily pulled the rug out from under bears who had stampeded into commodities to escape equities.The

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-35108237586910157842008-03-25T17:44:00.008-04:002008-03-28T22:09:40.235-04:00

Ben Bernanke’s Federal Reserve Mortgage-Laundering Scheme Lays Groundwork for Inflationary Wall Street BailoutThe Federal Reserve again loosened its collateral requirements, this time to accept commercial real estate mortgages and mortgage securities, beginning 3/27.The Fed’s reckless move to accept mortgage products (when it is an unknown extent of bad mortgages that is precipitating the current

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-27520813194090832852007-11-30T21:51:00.001-05:002007-11-30T22:38:31.981-05:00

How do you make an omelet without breaking an egg?United States Federal Government Treasury Secretary Henry Paulson and others continue to talk in circles about how their bailout is not a bailout and about how they will influence the housing market without influencing the housing market."The whole idea in the initiative ... is to make sure as many can be saved as possible without disrupting the

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-34741653657180917972007-11-30T20:12:00.000-05:002007-11-30T20:45:13.762-05:00

Fed Doublespeak: "Fixing" (breaking) the "non-functioning" (functioning) Markets St. Louis Federal Reserve President William Poole, previously more of an inflation hawk in the Fed, has flipped into a bailout apologist with his whitewash paper today, "Market Bailouts and the Fed Put" (11/30/07).Calculated Risk commenters did a good job of exposing the flaws in Poole's whitewash.The root absurdity

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com2tag:blogger.com,1999:blog-5095337688261650609.post-62708038718240452362007-11-29T18:50:00.000-05:002007-11-29T21:25:37.055-05:00

When is the government not the answer? When it caused the problem in the first place. Bailouts are bad for the same reason that other government interventions are frequently bad, because the quick cry for government regulation often overlooks the embarrassing fact that, not only did a financial disaster occur under the government's watch, but government regulation actually caused or worsened the

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-24804245092768838952007-11-11T00:59:00.000-05:002007-11-11T04:04:27.827-05:00

Another Deja Vu Nightmare from Schumer, HUD, and the rest of the Federal Government Who cares about the Hollywood writer's strike when we have the daily farce of government bailout policy?The US federal Housing and Urban Development (HUD) website boasts that it was the federal government which invented and pushed mortgage securities, a tool that some analysts and pundits now accuse of causing/

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-39775981187596471772007-11-10T09:55:00.003-05:002008-04-13T11:11:48.488-04:00

Housing is imploding, the dollar is imploding, the economy is imploding, and US federal Housing and Urban Development (HUD) Secretary Alphonso Jackson ordered you to pay $100k to paint his portrait and the portraits of other HUD secretaries.(Update 11/11/07: While Hurricane Katrina victims claim that their federal FEMA trailers are poisoning them with toxic levels of carcinogenic formaldehyde,

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com2tag:blogger.com,1999:blog-5095337688261650609.post-28722077241206013432007-11-08T21:43:00.000-05:002007-11-08T22:18:51.080-05:00

Crossposted from Home Finance Freedom:Congratulations, the United States gross national debt now exceeds $9 trillion.You owe $30k. Your baby owes $30k. Your family of 4 owes $120k.Your government put you in all this debt to make you richer, in case you were wondering why your life has felt so easy and virtually cost-free all these years.Remember that when choosing a presidential candidate.

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-19515953651165757472007-11-06T20:47:00.000-05:002007-11-06T20:53:53.227-05:00

Ron Paul Sets Financial Record for Presidential Candidate Ben Bernanke on South Park? Ben Bernanke Music Video Canada Forces US Federal Reserve To Raise Interest Rates? Alan Greenspan: Fun with Financial Armageddon and Famous Movies Enjoy.

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-86795516453124887402007-11-02T06:04:00.000-04:002007-11-02T21:19:11.121-04:00

Great Depression Syndrome Meets Vietnam Syndrome This week the Federal Reserve Federal Open Market Committee (FOMC) met, and Chairman Ben Bernanke announced another cut to the benchmark Fed funds overnight interest rate (25 basis points (bps)).Bernanke's surreal tap dance about the housing bubble crash, subprime mortgages mess, global credit crunch, inflation, unreported M3 money supply, and

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-14016762517432407682007-10-05T10:33:00.000-04:002007-10-22T20:25:45.471-04:00

It must be difficult for the government to predict the future when it cannot even report the past accurately. The Bureau of Labor Statistics (BLS) revised the August jobs figures from a 4,000 loss to an 89,000 gain.The "loss" (and its implication of a slowing economy and reduced inflation pressure) was part of the justification for the Federal Reserve's September 50 basis points (bps) slash to

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-69603490410308378772007-10-05T09:04:00.000-04:002007-11-02T23:05:10.217-04:00

Did Ben Bernanke play croquet with Alice in Wonderland? When food and energy and real estate prices rose, the Federal Reserve ignored those price hikes, asserted that those inflations did not count as "inflation," donned its food/energy/asset blinders, looked only at “core” PCE inflation, and declared "low inflation." When food and energy prices eased briefly and real estate prices began to

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-20637133292142682612007-09-19T12:57:00.002-04:002008-03-31T21:22:06.045-04:00

Fed Raids Your Paycheck and Bank Account To Bailout Banks, Wall Steet, and Mortgage Delinquents Note: A lower dollar is not necessarily bad per se but the current dollar dive is a symptom of bad policy (such as structural savings, budget, trade, and current-accounts deficits) and the Fed's September 18 rate cut looks misguided for many reasons: 10 Reasons against a Federal Reserve Rate Cut. The

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-54605634815063638932007-09-18T09:25:00.000-04:002007-09-20T23:14:13.570-04:00

Government Doublespeak: 5.25% is too low. No, too high. No, too low. No, too high. . . .The Fed already, instead of solving a problem, has created an additional problem. The Fed’s August bailouts and promises have led the markets to (1) believe that the current rate is "too high" and (2) expect a September cut to the benchmark Fed funds rate of 25-50 basis points (bp, 0.25-0.50%), according to

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-2831671824612571062007-09-13T18:05:00.000-04:002007-09-13T18:36:10.395-04:00

The Swiss National Bank increased its benchmark interest rate 25 basis points (bps) from 2.50% to 2.75% European Central Banks Differ Amid Crunch (Wall Street Journal)See Reason #10 for the implications: 10 Reasons Against Federal Reserve Rate Cut

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-44848115146846203012007-09-12T13:29:00.000-04:002007-09-20T23:08:11.907-04:00

Previous: Federal Reserve Pushing on a StringCutting interest rates to bailout markets will have 1 of 2 possible results: bad or horrible. Either the Federal Reserve will fail to prop up inflated asset prices but throw a wrench into the works while trying, or the Fed will succeed for a time and cause years of more bad decisions based on faulty pricing.Rate cuts to increase the credit supply are

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-71074220678134998532007-09-07T09:33:00.000-04:002007-09-17T14:40:02.548-04:00

Brother, Can You Spare a Trillion?Greenspan's Financial Conflict of Interest Former Federal Reserve Chairman Alan Greenspan, at a Washington meeting of Brookings Papers on Economic Activity, implied that non-bubbles are worse than financial bubbles by asserting, "Fear as a driver, which is going on today, is far more potent than euphoria."He also claimed that today's market behavior is "identical

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com2tag:blogger.com,1999:blog-5095337688261650609.post-21949249262626780292007-09-06T15:56:00.000-04:002007-09-07T04:20:13.308-04:00

Previous: $57billion European Central Bank Bailout TodayThe ECB leads the Fed by the nose again:UPDATE 2-Fed pumps in sizable funds after ECB (Reuters)Fed Panics AgainThe effective Fed funds rate trended up to 5.31%, above the 5.25% target rate, but the Fed did not have to intervene (the effective rate neared 6% in August) yet the Fed overreacted again to stop any hint of a market correction to

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-68534247858234960852007-09-06T06:27:00.000-04:002007-09-07T04:05:21.023-04:00

The European Central Bank (ECB) offers 42.2 billion Euros to bailout speculators and prop up inflated global asset bubble: ECB Offers $57 Billion One-Day FundsIn Bid to Boost Banks' Liquidity (Wall Street Journal)Australia joined the bailout bandwagon with a liquidity injection and a loosening of security-repurchase standards.Next: $31billion Federal Reserve Bailout Today

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-86674490287318465462007-08-31T06:42:00.001-04:002008-03-29T03:26:27.671-04:00

Bush will announce his bailout plan today:Get a tax deduction for NOT paying your mortgage."A suspension of the debt-forgiveness tax could help people who are hoping to work out a reduction in their loan balance -- and payments -- as a way of avoiding foreclosure" (Los Angeles Times, via Bush aims to ease US mortgage woes - report (Forbes)).Have you been doing things the hard way by paying your

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-30976319885777522032007-08-29T10:37:00.000-04:002007-09-07T04:25:24.745-04:00

Flawed Fed Interest-Rate Policy Based on Rent Inflation, Not House Inflation, Causes Vicious CycleFed Policy: First Identify a Problem . . .Bloggers for years recognized the housing bubble because house prices diverged from rents. The Fed's John Krainer and Chishen Wei used Federal Housing Enterprise Oversight (OFHEO) data to document the inflated price-rent ratio in 2004 (before the mania of

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-77011147652506426382007-08-24T11:04:00.000-04:002007-08-24T11:30:09.589-04:00

That Ol' Black Magic for the Bottom Line Ford Motor Company Chief Executive Officer (CEO) Alan Mulally pleaded the Federal Reserve to cut interest rates (the Fed funds target rate). Ford lost $12.6 billion last year and Mulally wants the Fed to flood the economy with cheap credit again so that consumers temporarily feel wealthier and spend more freely.Feeling wealthier on an inflated bubble

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com2tag:blogger.com,1999:blog-5095337688261650609.post-9802177915582483972007-08-22T20:24:00.003-04:002008-12-09T16:25:32.579-05:00

Fed Confuses Supply and Demand, Confuses Problems and SolutionsFederal Reserve Fed funds interest rate cuts are dangerous because Fed policy is based on an alleged credit-supply crunch when the actual condition is a credit-demand crunch. Moreover, the crunch is the solution, not the problem. These pressures are good and necessary for economic health (like your body’s pain signal to tell you to

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com2tag:blogger.com,1999:blog-5095337688261650609.post-71711302622424898302007-08-22T08:34:00.001-04:002008-03-31T18:17:00.929-04:00

The road to the White House is paved with your paychecks.Senator Chris Dodd (D-CT) wants to do “everything possible” to pump more liquidity into the economy, according to his statement aired on NPR this morning.Presidential hopeful Dodd had been telemarketing to give away your money by asking everyone he could find in the housing bubble bust what "he" could do for them.Dodd now wants to "print"

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-1323024804302758482007-08-17T21:38:00.000-04:002007-08-18T01:06:29.411-04:00

Federal Reserve Chairman Ben Bernanke reduces himself to an "easy money" telemarketer to push more debt onto the economy.Did Bernanke remember to call when the banks were in the middle of dinner?The Fed claims that it is pumping cash into the markets only because they need it for normal operations. However, if the markets truly needed extra money, they would not need a hard-sell telemarketing

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-39697900647762005452007-08-17T09:12:00.000-04:002007-08-17T10:51:15.933-04:00

The Federal Reserve announced a 0.5% cut to the discount rate, the rate it charges to financial institutions (whereas the more discussed Fed funds rate is the overnight rate which institutions charge each other). The Fed not only sprang this surprise cut to the less-watched rate, it doubled the bailout by the unusual action of extending the loan term to 30 days.Should Ben Bernanke Resign? Who

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-48363870037346941122007-08-17T07:49:00.005-04:002009-07-10T09:16:34.904-04:00

Bernanke’s Bailout Destroys His Credibilityin wrong response to banks incresing effective Fed funds rate toward 6%Federal Reserve Chairman Ben Bernanke replaced Alan Greenspan and, like all new central bankers and substitute teachers, sought to establish authority and credibility immediately. However, Bernanke has been like a deer frozen in the headlights by freezing the official target Fed funds

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com3tag:blogger.com,1999:blog-5095337688261650609.post-59719097862669595092007-08-10T23:25:00.000-04:002007-09-01T11:14:50.836-04:00

The Federal Reserve cannot shake the easy-money monkey off its back. The Federal Reserve slipped out and found its crack dealer again and burned up another $38 billion in emergency liquidity to prop up housing and stock prices even though they might still be overpriced at current levels.Do you feel good now, Chairman Bernanke? You needed $24 billion yesterday. You needed $38 billion today. What

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com2tag:blogger.com,1999:blog-5095337688261650609.post-50291493207441116612007-08-10T20:43:00.000-04:002007-08-17T17:46:37.264-04:00

Add Hillary to the bipartisan listYour cost: $2 billionHillary Clinton showed that she has no idea what she is talking about but wants to spend at least $1 billion of your money doing it.Hillary’s subsidy to the rich (tax cuts for rich bad, but subsidies for rich good?)Hillary Clinton proposed a federal government $1 billion fund of your tax dollars to bailout home-mortgage delinquents, banks,

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com1tag:blogger.com,1999:blog-5095337688261650609.post-59240268092010347822007-08-09T17:21:00.001-04:002008-04-02T02:47:56.430-04:00

European Central Bank Throws Gasoline on the Liquidity FireThe European Central Bank (ECB) injected 95 billion Euros ($131 billion) at low 4% interest rates in response to a $2.2 billion suspension crisis at France's largest bank, BNP Paribas SA, which is suffering from an inability to fairly value its US subprime mortgage securities.Loose credit caused the subprime mortgage mess of bad housing

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-91891665391880511412007-07-20T00:50:00.000-04:002007-08-09T18:02:36.898-04:00

Previous: Reuters' Economic Illiteracy Denies Housing Bailout Will Cost Taxpayers Any MoneyThe Associated Press asserted:"Massachusetts is among many states that have recently sought to ease spiking foreclosure rates by tightening lending regulations" (AP Business Writer Mark Jewell at Boston.com). No, the opposite is true.Tighter lending now increases foreclosures now by eliminating the top 2

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-21162291723876170882007-07-16T08:25:00.000-04:002007-07-20T01:36:39.504-04:00

Reuters apparently believes in the free-money-falling-from-sky theory of bailouts:"The Massachusetts Housing Finance Agency will contribute $60 million, while Fannie Mae, the largest U.S. home funding source, will add $190 million, to the new fund.Massachusetts taxpayers will not be asked to bail out borrowers, often with poor credit histories, who were wooed by subprime lenders' offers of

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-87082035879875222232007-07-16T07:42:00.000-04:002007-07-16T08:20:46.169-04:00

Quarter-Billion-Dollar Housing Bubble Bailout in MassachusettsFed Bailout for the Rich State: Wealthy Massachusetts' "Big Dig" of a Housing Bailout Is a Big Dig into the National Purse . . . AgainThe wealthy state of Massachusetts is planning for the rest of the country to foot the bill for its housing bailout by getting most of the quarter-billion dollars ($190 million) in bad-mortgage

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-19267211663319046842007-07-16T07:31:00.000-04:002007-07-16T07:37:30.426-04:00

Homebuilders Seek Taxpayer Bailout in KansasProposed tax break for home builders studied by Kansas lawmakers--July 15, 2007 Jim Sullinger article from The Kansas City Star at KansasCity.com

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-19402209518710122272007-07-13T00:46:00.010-04:002009-06-29T08:45:20.297-04:00

A Confession, a Communist Connection, and a Congress of Academy-Award Nominees US federal Housing and Urban Development (HUD) Secretary Alphonso Jackson was in Hong Kong shamelessly trying to unload imploding subprime mortgage-backed securities (MBS) on the Chinese with the promise of a bailout by US taxpayers (he mentioned US government backing in a 7/11/07 Bloomberg interview, viewable on BNN

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-65664362884092067082007-07-02T22:08:00.000-04:002007-09-13T11:03:31.728-04:00

Previous: Fed Takeover of Subprimes Renews Risk in Mortgage LendingThe LA Times actually tried to portray the federal government’s new taxpayer-backed risky lending as a return to old-fashioned prudence.You decide:The old days required a homebuyer to bring a 20% downpayment on a 30-year mortgage, which insured that he/she had his/her own "skin" in the game and an incentive to repay the remaining

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-32034511548613949872007-07-02T21:06:00.000-04:002007-09-13T11:04:31.575-04:00

The federal government seems less interested in stopping the subprime mess and more interested in muscling in on the franchise.Reckless borrowing by unqualified borrowers caused the current housing crash.Many Congresspeople accused "unregulated" risky lending by the private sector and declared that the solution is authorized risky lending by the government. The difference is that your tax dollars

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-52066314373904438052007-05-11T01:04:00.000-04:002007-05-11T01:19:29.216-04:00

Realtors, property appraisers, mortgage brokers, and risky borrowers cooked the loan books to boost the housing bubble with dodgy loans, then cooked the real-estate sales books for as long as possible to hide the housing-market downturn, and then cooked the public relations to prop up the bubble by claiming that it is a great time to buy and not to worry about a small correction limited to

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-55089951041963425272007-05-01T13:06:00.000-04:002007-05-02T12:23:02.713-04:00

You Have Rights, It's Just Illegal To Use ThemThe federal government threatens to punish mortgage lenders if they do not give up their legal contract protections and submit to rewritten terms. The Federal Reserve and 5 other federal agencies recently issued this unprecedented joint statement: “Institutions will not face regulatory penalties if they pursue reasonable workout arrangements with

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-50352703701808846502007-05-01T12:44:00.001-04:002008-03-31T19:35:50.505-04:00

Wanted: New SignsTreasury Secretary Henry Paulson used the “nothing to see here” tactic:“All the signs I look at" show "the housing market is at or near the bottom” (TMO).That is entirely possible—as long as you can get your underlings to show you only the wrong signs.How To Stop ProgressSenator Chuck Schumer (D-NY) used the opposite, fear-mongering, crisis tactic:“The subprime mortgage meltdown

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-51218578522417599922007-05-01T12:05:00.000-04:002007-05-01T12:20:04.535-04:00

Government Logic at Its Finest Minneapolis Mayor R. T. Rybak said of foreclosed properties: “And in those properties which were once owned by stable homeowners, they're replacing them with renters who may be very problematic and have proved to be problematic in our neighborhoods” (MPR). Rybek claims that people who lost their homes because they did not pay their debts are “stable” but renters,

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-53200878973202433412007-05-01T11:41:00.000-04:002007-05-02T11:59:36.538-04:00

Minnesota State Government Hates Affordable Housing?The Minnesota state government is creating a loan and grant program to have the Greater Metropolitan Housing Corporation buy foreclosed homes in an effort to stop “predatory buying” by bargain hunters. Maybe the government also can make it illegal for you to use coupons or buy anything on sale (admit it; you predatorily have bought things

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-53905782690909341282007-05-01T10:58:00.000-04:002007-05-02T12:02:43.590-04:00

Bailout Escalation for Bean TownForeclosures in Massachusetts have almost doubled in the past year. The Massachusetts state government already has been making phone calls on behalf of delinquent home borrowers to change the terms of mortgage contracts. Now, the Massachusetts Division of Banks further increases moral hazard by seeking a 2-month financial vacation for home-mortgage delinquents.

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-55407262188990231232007-04-20T12:37:00.000-04:002007-05-01T12:17:05.854-04:00

Christmas comes early to the legal profession if the government-sponsored bailouts by Fannie Mae and Freddie Mac proceed.From CNN/Money:"Tax regulations make it difficult to rewrite the terms of securitized loans. . . . To cover its responsibilities, the servicer would probably want to clear the details of each case through counsel, which can take lots of billable hours, and wait until the loan

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-76951031598128811912007-04-17T02:17:00.000-04:002007-04-22T09:22:38.128-04:00

Congress Investigates Housing Bubble Mortgage Lenders: Bipartisan Inquisition Starts Today. Congress today eyes new restrictions on your access to money: “Ideas that seemed out of the mainstream today may become mainstream in the future”— Andy Laperriere, International Strategy and Investment, quoted by Caroline Baum at Bloomberg.com Bipartisan Bloodlust . . . but Blind to Borrower

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-67206688291692682802007-04-12T00:38:00.000-04:002007-05-08T07:42:01.685-04:00

From Investor's Business Daily:This is bad news for 3 reasons:California is a monumental housing bubble still waiting to pop.The jobs explanation tells us that it is a mistake to fixate on subprimes when they are only the posterboy du jour for massive overleveraging under a wide array of guises and financial instruments (all the non-subprimers who nevertheless stretched to bid above asking price

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-52331075248105661512007-04-11T19:23:00.000-04:002007-04-11T23:17:30.383-04:00

"Activists" and "civil rights groups" blame business for lending people money and threaten lawsuits to avenge "victims."Quoted from Forbes.com:"We've heard one heartbreaking story after another of borrowers with limited incomes being sold mortgages they could not afford," Sen. Sherrod Brown, D-Ohio, said at a briefing on Capitol Hill."We want to send out hope to the victims of the subprime

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-86735483011402893492007-04-11T19:07:00.000-04:002007-04-11T19:16:13.521-04:00

Senator Chuck Schumer (D-NY) jumped on the bailout bandwagon by pledging a federal “infusion” of hundreds of millions of dollars. Schumer stated that he will introduce bailout legislation soon and that it must be done right away.

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-12339295904335932162007-04-05T13:45:00.000-04:002007-04-05T13:53:10.924-04:00

Patrick.net created a no-housing-bailout letter. Please, read it, comment on it, compare it to Marinite's letters, and consider sending it or your own version to the powers that be.Please tell them that Not One Cent sent you.Maybe we should post a no-housing-bailout-letter roundup.

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com1tag:blogger.com,1999:blog-5095337688261650609.post-77362078933780110732007-04-05T12:30:00.000-04:002007-04-05T12:51:55.449-04:00

"U.S. Initial Jobless Claims Rose to 321,000 Last Week.""Construction and housing-related businesses and auto makers are trimming staff." Bloomberg.comToday, the Labor Department reported increased unemployment. The news could be dismissed as a modest correction in an overall stable labor environment or as the first signs of increased recession risk.More jobless might mean more foreclosures and

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-84452415704117525602007-04-03T19:40:00.000-04:002007-04-11T23:19:52.261-04:00

Moody's removes government guarantees from risk calculations: Subprime market downturn stings major U.S. banks

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-72722032587314982522007-04-03T17:20:00.000-04:002007-04-03T17:24:14.401-04:00

I added Google News below the header to help us keep up to date on housing bubble bailout proposals. You can see the search phrase at the left and then the relevant link. Let us know what you think or suggest a search phrase. Thank you.

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-61712010327781636142007-04-01T18:04:00.000-04:002007-04-01T18:07:16.526-04:00

My wiki now has two letters of opposition against the bail-outs for people to copy-and-paste into an email or whatever. Here's the first one. Here's the second one.

Marinitehttp://www.blogger.com/profile/01778945220593425787noreply@blogger.com2tag:blogger.com,1999:blog-5095337688261650609.post-78962208275533352712007-03-31T22:02:00.003-04:002008-03-31T20:14:11.075-04:00

Westside Bubble recommended the LA Times article "Sweeping mortgage bailout unlikely."The first problem is that these types of headlines are supposed to put us to sleep so a later massive bailout can be excused as "less than sweeping."Remember that the 1980-90s Savings & Loan (S&L) bailout threw budget deficit concerns aside and exceeded the official federal guarantee by waiving the FSLIC

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0tag:blogger.com,1999:blog-5095337688261650609.post-10377342680135834752007-03-31T15:32:00.000-04:002007-03-31T16:34:51.937-04:00

Save the SaversThis is the pro-saver blog. Discuss bailouts in general and the proposed housing bailouts in particular.This is intended as a multi-author blog to act as a clearing house and to keep us up to date.Bloggers, post an exclusive or a cross-post from your regular blog.Email me to join the pro-saver team.Please keep it clean and courteous.Thank you.

J at IHB and HFFhttp://www.blogger.com/profile/02454951293182876692noreply@blogger.com0