Saturday 11th February
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Consumer Spending Up? Come on get happy…
Written on 9 Nov, 2011 at 8:31
The bottom-line… much of what the government is reporting is nothing more than a mirage, with the rest either easily explained or not indicative of a growing economy, but rather a shrinking one. ... (Continue reading)
The Most Damaging Propaganda Campaign in History. And its Aimed at You and Me
Written on 4 May, 2011 at 1:12
Debt is a status symbol… debt is a sign of success… debt is cool… you should want as much debt as you can get… being approved for more debt means you’ve made it. I want to be a gold... (Continue reading)
Please Stop Bernanke’s Transparency – He’s Frightening the Children
Written on 30 Apr, 2011 at 7:55
Okay, that’s it… I’m convinced… Ben has never actually been to a “troubled community.” Would someone in Washington D.C please take him on a tour of pretty much anywhere Southeast will do… Minnesota Avenue, Lincoln Heights, I’m sure Anacostia... (Continue reading)
It’s a Matter of Principal – HAMP’s New PRA
Written on 6 Aug, 2010 at 7:31
And NPV 4.0 is what drives the PRA, which is a “deferred principal reduction program” that allows the homeowner to earn a principal reduction over a three-year timeframe by making all payments in accordance with the loan’s modified terms. According... (Continue reading)
Bringing Up the Rear: Me, Martin Andelman
Written on 4 Aug, 2010 at 6:38
It’s a credit crisis, a global financial crisis, a foreclosure crisis, an economic catastrophe, the total destruction of the secondary mortgage market, the end of pension plan investing and Wall Street’s investment banks, and an ongoing example of why derivatives... (Continue reading)
The Federal Reserve Made a Record $47.4 Billion HELPING Housing Market in 2009?
Written on 27 Jul, 2010 at 20:05
The Federal Reserve, by the way, doesn’t exist to make a profit like the commercial banks. Until 2009, the Fed paid no interest on the bank reserves and other monies it holds, and it earns interest on the Treasury... (Continue reading)
MANDELMAN’S MONTHLY MUSELETTER – VERSION 8.0
Written on 30 Jun, 2010 at 9:05
This month in Mandelman's Monthly Museletter: 1. Oregon Woman Accuses Vice President Al Gore of Sexual Misconduct in 2006. 2. Fear Deflation, Pray for Inflation. 3. The latest from Nobel Prize Winning Economist, Paul Krugman. 4. HAMP's UP Program... (Continue reading)
I Guess Nobody Wants to Read Bad News: Fed Chair Ben Bernanke’s Testimony to Congress
Written on 12 Jun, 2010 at 22:50
People… we have to stop the foreclosures. They breed more foreclosures. They reduce spending and lower tax receipts. They cause increased unemployment. They cause more bonds to default. They make our banks insolvent. They... (Continue reading)
Federal Reserve Bank President Says We’re In For a Long Hard Road Ahead
Written on 19 May, 2010 at 22:04
What happened? As the decline in housing prices began to accelerate across the country, this exposed underlying cracks in the financial system. Foreclosures began to rise, loan losses mounted, and housing prices dropped even more, creating a downward spiral not... (Continue reading)
