Sr. Pessimist

Countrywide and Chase Shut Off the Cash Spigot

I'm ready to fully author my optimizing software barter economy whenever most everybody else is ready. Norco and Vicadin (sp? sp?) drug tablets don't provide a sturdy means of barter exchange for a self-sustaining economy in my opinion.

Mozilo Exit Payday: $110 Million Dollars

I'll start a hit squad. I'll waste anybody for $10 grand. It will be a gang of thugs. We'll charge taxes and call ourselves the IRS. Who wants to sell their soul and join me in my idear?

Countrywide Offers 'Unprecedented Remedies' to Struggling Mortgage Holders

Yes. Give them cheaper loans. Also give them credit cards they can take cash advances out with so they can pay the loans.

Even if America has a job boom, it's too late.

Countrywide Financial: Old vs. New Foreclosure Methods

That's not such a bad deal. I received an email with foreclosed houses at like 1/3 to 1/4 their original price starting at the auction. Nobody's buying. At least rent them out for dirt cheap.

Countrywide Lays Off Another 900

News for workers: things will be bad short-term, good long-term.
News for capitalists: things will be good short-term, bad long-term.

The above is what naturally must happen anyway.

Bank of America Must Know Something

The concept of a social company is popular now (workers own the company). That's more competitive than workers being enslaved by a company. When I started some recently, I talked with my contact at The Company Corporation, my agent filing service, and asked him about recent activity. He said right now a lot more people are "taking the plunge." People out of work are just starting companies. They see how easy it is to simply find a niche, produce equity for their niche, and sell it. You just need to put your mindset on producing it all yourself and then offering it to the public. So there are a lot of startups picking up some production slack as the US Dollar dies and loses its ability to import what goods and services the rest of the US economy needs to continue operations.

The Fed Prepares the Bailout Bucket

That's a good point. Let them fail. Just because there's a lot on board doesn't mean they're worth saving. Severance of capital from equity is the driving force of the big failures. To do good for the economy, invest where equity buoys capital, as opposed to inflating the currency supply to make up for capital-equity severance schemes.

Subprime Lending Bust: Worst Crisis Since Enron?

That's a good point. Some big banks need some serious income. They can't afford to make a whole lot of bad credit decisions anymore. Bush and the GOP rapists of America have destroyed the economy to the point where most people use credit to buffer their larger or more unexpected moves. What if there comes a time when the banks can't afford to make up for where the Federal Government damages its own people?

Bank of America and Countrywide Financial Discuss Alliance

This smells. I wouldn't touch anything that's been near the mortgage market. Probably doing this to increase the value of the quality that sheer quantity alone, in itself, has. "If you close us, you have to close all of us. We are bigger together than when apart. We stand together. Don't hurt us now. They lose their jobs, we lose our jobs."