Posts Tagged ‘inflation’

I’m Fed Up With Almost Everything in this Country

Written on 5 Jun, 2015 at 15:50

I’m fed up with, essentially everything. First of all, we live in a country that, politically speaking, is so comically deadlocked as to be incapable of doing anything. We’re like a quadriplegic, completely paralyzed from the neck down, pretending to... (Continue reading)

$1 TRILLION U.S. COIN – POSITIVELY BRILLIANT!

Written on 12 Jan, 2013 at 6:17

Either we could sell the space to the highest bidder... I bet McDonald's would pay a pretty penny, no pun intended, to put "Ronald the Clown" on the new coin for example. Or, how about we engrave it to commemorate... (Continue reading)

An Important Message about 2012 for both President Obama & Mitt Romney

Written on 30 Apr, 2012 at 8:15

In 2012, the road to the White House runs directly through the states hardest hit by the foreclosure crisis, most notably Ohio and Florida, but also Michigan, Nevada, and North Carolina, et al. For the Obama campaign, I would... (Continue reading)

Tagged with: 2012 presidential election bailouts cutting food stamps double dip economic recovery economy european recession Fannie Mae Federal Reserve Chairman Ben Bernanke FOMC foreclosure crisis foreclosures Freddie Mac HAMP inflation loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode mitt romney ml-implode mortgage crisis mortgage refinancing mortgage servicers NACA newt gingrich obama administration Obama campaign operation twist President Barack Obama Quantitative Easing recession rick santorum romney campaign TARP Treasury Secretary Tim Geithner trial modifications U.S. GDP unemployment wall street bankers

Nothing Goes Down in a Straight Line

Written on 23 Mar, 2012 at 13:23

But, the structural problems we face have NOT changed, so I see no possibility that we aren't going to see some continued weakening in the housing market in the years ahead, and I don't care whether we're talking Phoenix, or... (Continue reading)

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)

Tagged with: bank of america borrowing car loans car sales citibank consumer spending core rate of inflation CPI credit diana olick double dip economic recovery economic statistics economic stimulus economy elizabeth warren Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures GDP GNP Goldman Sachs HAMP inflation jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode max gardner ml-implode mortgage crisis mortgage servicers personal consumption president obama recession student loans Treasury Secretary Tim Geithner trial modifications unemployment unemployment benefits unemployment rate wells fargo bank

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)

Tagged with: american express Americans under fire bank of america bankruptcy BANKRUPTCY REFORM bond market chapter 13 chapter 7 cigarette ads citibank credit card fees credit card reform debt Deflation double dip economic recession economic recovery economy elizabeth warren FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis get out of debt get through the debt HAMP Indymac bank inflation interest rates jpmorgan chase loan modifications mandelman matters martin andelman mastercard ml-implode mortgage refinancing NACA one west bank Paul Volker securitization supreme court rulings TARP Treasury Secretary Tim Geithner usury laws visa wells fargo bank

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)

Tagged with: AIG AIG bailout asset backed securities bear stearns budget deficit CDOs central banking Deflation double dip economy emergency lending programs Fannie Mae FDIC FDIC Chair Sheila Bair fed makes record profits federal reserve Federal Reserve Chairman Ben Bernanke financial reform bill foreclosure crisis Freddie Mac HAMP inflation jpmorgan chase loan modifications maiden lane I Maiden lane II maiden lane III mandelman matters martin andelman mortgage backed securities mortgage refinancing NACA New York Times recession RMBS TARP Treasury Secretary Tim Geithner US Treasury WaMu washington mutual

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)

Tagged with: bank of america banking crisis bloomberg BMO Capital Markets budget deficit cash for clunkers commerce department consumer price index core rate of inflation CPI Deflation economic stimulus european hotels evaluating borrowers Fed Chairman Ben Bernanke foreclosure crisis france gerald ford great depression HAMP Home Affordable Unemployment Program howard hughes Indymac bank IndyMac Mortgage Servicers/OneWest Bank inflation investing JFK john wayne jpmorgan chase Labor Department loan modifications london stories Making Home Affordable Supplemental Directive Michael Silversteinâ€™s Ode to Deflation national debt new homes sales paul krugman richard nixon Ronald Reagan the UP program trial period plans U.S. debt unemployment UP UP forbearance plan Vice President Al Gore wall street wells fargo bank

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)