bowlmar

Walking Away: The Next Mortgage Crisis

Is this why the market rallied this week? Same guys who brought us the mortgage crisis are "investing" our money in stocks.

Commercial Real Estate Imploding

Socialism is a word which often crops up under the Bush administration. Socialization of risk, and privatization of reward is the true goal of the Neocon without a doubt. But perhaps we should view much of the current actions as Imperialism. We've lost countless liberties and rights over the last 7 years in the name of "terrorism", and we've been quite complacent about it.

Let's face it, Americans are forced to save for their own retirements using 401K and IRA instruments - this is a MASSIVE piggy bank of easy money for the financial industry to skim. We are witnessing the greatest engineered transfer of wealth in our history. I'm not sure it is Socialism, but I am sure it is yet another cynical and perverted twist of a Democracy.

Unintended Socialization of the Housing Market and Its Consequences

Looks like I'm getting a Heloc and maxing it out. Can't get these kind of guarantees from the stock market.