Tag Archives: bailout
“Secret Shame” of Middle Class vs. Shamelessness of Banks
, While there is certainly much to appreciate in “The Secret Shame of the Middle-Class,” Neal Gabler’s recent article in The Atlantic, I still felt that it ultimately acts as an indictment of, rather than a gesture of solidarity with, … Continue reading
Bailout vs. Bernie: Which is more “socialist?”
Oh, the smugness that doth flow from those who fancy themselves to be cold realists, allegedly harboring nary a scintilla of fantasy about the way the world doth “really work”—a way which these smug folk unfailingly describe with a single, … Continue reading
“Why Have Any Laws?” Good question with a surprising answer.
That’s actually a good question from Mr. Mandvi in the above meme: “Why have any law?” Of course, he’s talking about gun laws. But it’s far more important to ask that question about matters other than gun regulations. What about … Continue reading
ICELAND: END PRIVATIZED MONEY CREATION—THEIR BEST IDEA YET
As everyone who has accepted reality knows, the fraudulent concept we currently refer to as “money” is created out of thin air by commercial banks whenever you or I ask for a “loan” (see anniversary post from just yesterday: BANK … Continue reading
BANKS’ FREE LUNCH=RECORD PROFITS, KIDS’ FREE LUNCH=RECORD LOSS
So the latest indicator that not only has there not been a financial/economic recovery for the average person in the U.S. but also things have gotten worse? Over half of all public school students in the U.S. are now eligible … Continue reading
FANNIE “MBS”= MORE BULLS@!#: MORGENSON MISTAKEN?
In an article from last week about Fannie Mae pursuing deficiency judgments in Florida, Gretchen Morgenson essentially defends Fannie Mae, saying this (“Borrowers, Beware: The Robo-Signers Aren’t Finished Yet,” New York Times, Nov. 15 2014): “Fannie Mae is certainly justified … Continue reading
BANKS PUT ALL RISK ON US, THEN TAKE ALL THE REWARD AND PRETEND THAT IS CAPITALISM
We all know that all fiat money, such as the U.S. dollar, is created out of thin air not by banks but by the people and only has value because said people ultimately have “faith” in it. This is uncontroversial … Continue reading
MERS: THE INVISIBILITY CLOAK OF THE BANKSTERS
Yes, the banks don’t want you to see what they’re doing–or not doing, as the case may be. Specifically, they don’t want you to see that they have separated your note from your deed of trust/mortgage. In my opinion (and … Continue reading