Wednesday 4th December
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Three Central Banks Surprise… Desperation in Three Part Harmony
Written on 6 Jul, 2012 at 7:55
The NYT story also mentioned that Bernanke and other central bankers have been trying to shift some of the burden for fixing the economy to elected officials, but the politicians aren't having any of that. Do they look stupid?... (Continue reading)
What Shall We Tell Our Children, Mr. President?
Written on 27 Oct, 2011 at 9:19
What shall we tell the children, Mr. President? How can we tell them the truth? How can we tell them we've lost faith in America... that our government has abandoned us... that we no longer feel like a... (Continue reading)
FOR THE FATHERS
Written on 19 Jun, 2011 at 5:48
But, it's hard for me to be happy without thinking about the hundreds of thousands or perhaps millions of fathers who while they smile through their day, are also worrying about what will happen tomorrow because they know that, despite... (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)
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)
Why Servicers Foreclose When They Should Modify… YAWN.
Written on 8 Nov, 2010 at 19:36
So, I have bad news... help is not on its way. No one is going to do anything to make this situation better. It's up to us and us alone. In my mind this is war, people,... (Continue reading)
Mandelman’s Uncommon Advice for Getting Through the Loan Modification Process Without Losing It
Written on 17 Oct, 2010 at 8:06
There's no point in sugarcoating this... getting a bank or mortgage servicer to agree to modify a mortgage is never a pleasant experience. In fact, it's pretty much horrible, even when it's good. You may finish the process... (Continue reading)
Barofsky’s Report: Taxpayer Support for Financial Sector Now $3.7 Trillion
Written on 24 Jul, 2010 at 5:47
Taxpayer support for the financial system grew by $700 billion last year, and has now reached roughly $3.7 trillion, including TARP, Federal Reserve programs, asset guarantees and federal bank deposit insurance, among other commitments. ... (Continue reading)
Have a “Plunder Party” and Help Change Our World
Written on 8 Jul, 2010 at 13:15
PLUNDER - The Crime of Our Time, is a movie produced and directed by Danny Schechter, that shows what Wall Street did to destroy our economy. It's the first movie that clearly shows that what's happened over the last... (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)
Banks Lobbying, Financial Reforms & Who’s Recovering?
Written on 16 May, 2010 at 18:07
Like the flying monkeys from the Wizard of Oz, they've been summoned by the bankers to our nation's capital; flying in from around the country until they hit the steps of the U.S. Capital building... when they're transformed into lobbyists... (Continue reading)
MANDELMAN’S MONTHLY MUSELETTER VERSION 7.0
Written on 13 Apr, 2010 at 7:57
1. Wells Fargo - Out of frying pan into fire. 2. Nicholas Cage Looses Home to Foreclosure and No One Bids at Auction. 3.Arizona Homeowners at Meeting on Stopping the Foreclosure. 5. Two Women Sentenced for Scamming... (Continue reading)
What We All Should Have Learned by Now About Loan Modifications
Written on 7 Apr, 2010 at 4:33
Okay class... if you've been keeping up with your reading assignments, then the following should be no problem for you to keep up with... but it also may cause motion sickness.... (Continue reading)