Posts Tagged ‘G20’

Foreclosures Poised to Take Down the U.S. Banking System… and even entire economy, says Whalen. (Ya’ think?)

Written on 21 Dec, 2010 at 7:32

"Laurie Goodman of Amherst Securities predicts that 1 in 5 mortgages could go into foreclosure without radical action." Now just a minute here... you're not saying that one out of five people with mortgages are "irresponsible sub-prime borrowers who never... (Continue reading)

QE2 Leaves Port, Bernanke Takes Leave of Senses

Written on 15 Nov, 2010 at 13:59

I want to go on record as saying that Bernanke's QE2 has no chance of working, in the sense that it will do nothing positive in the long run, and won't even do much in the short run to help... (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)