mindlessly listening to henwood’s archived radio programs, i’ve just come across the excellent work of a woman who works with an org that has pulled about the numbers to reveal how the toxic loans were concentrated in poor neighborhoods. NEDAP is the org http://www.nedap.org/
good stuff: http://aud1.kpfa.org/data/20081011-Sat1000.mp3
because i have been irritated with otherwise intelligent, well read, keep-up-with-the-news, read -the-Economist-type people lately, i have been surfing around the archives looking for when our lbo discussions of the coming real estate bubble burst started happening.
they can be traced back to the first signs of a bubble in hot real estate markets in california […]
Many are concerned with the fiscal implications of this bill, so let me turn to that question. Despite the common use of language,
the capital cost of this bill does not involve “taxpayer dollars.”
It authorizes a financial transaction, exchanging good debt (U.S. Treasury bills and bonds) for bad debt (the “troubled assets”). Many of those […]
dog almighty, i’ve had one shitty day. a shitty week. and it’s only tuesday. a woman i work with once said something that had me practically pissing myself in a meeting. as she listened to some news that annoyed, she started to write a note to herself, saying out loud, “Repeat again: It is illegal […]
Krugman’s NYT piece lays out the strategies. Will someone PLEASE tell Obama to get with the program and stop marching to the right? Yes, R. A recession. Would you PLEASE get a job? As in, we need to both have jobs in case some bad shit goes down, ya dig?
As Max Sawicky points out re […]
It’s so freakin’ agonizing watching my friends drop like flies for Obama without knowing ONE lick about the dewd — and not caring either! They just seem to want to cover their ears and eyes and sing “la la la!” really loudly because they don’t want to know? I don’t know what it is, but […]
NOTE: If you're not here, it's not because I don't love you but because I haven't had time to import my blogroll. Be patient!
