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Tag Archives: real estate
Plutocracy Watch: Mortgage Paperwork Fraud is Rampant and Goes Unprosecuted
This recent 60 Minutes segment is very dispiriting. Notice how easy it is for large banks to shift responsibility (and so avoid criminal prosecution). It’s yet another example of mortgage lenders engaging in buck passing and (im)plausible deniability: speak no evil, see … Continue reading
Posted in Uncategorized
Tagged 60 minutes, America, banks, dishonesty, fraud, housing, mortgage fraud, obscenity, outrage, real estate
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California’s Financial Woes: Paradise Lost?
According to Clusterstock today, California is in trouble. Serious, serious trouble: California officially has a drop-dead date now. State Controller John Chiang told Arnold Schwarzenegger last night that the state has 50 days before it hits a financial meltdown. And Clusterstock quotes … Continue reading
Posted in Uncategorized
Tagged business, California, economics, economy, markets, Politics, real estate, stock market, technology
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Don’t Buy Yet?: Yale Economist Robert Shiller Thinks the Housing Market is Only Halfway to Its Bottom
Yale economist, Robert Shiller, thinks we are only halfway to the bottom of the housing market, and, in consequence, that the economy’s general recovery is still 3-5 years off. See a five minute interview with Shiller, and a chart that he … Continue reading
Posted in Uncategorized
Tagged depression 2.0, economy, Great Depression 2.0, housing, markets, real estate, robert shiller, wall street
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Prometheus Unbound 