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A Streetcar Named Wishful Economic Thinking

Franklin @ April 15, 2008 # 12 Comments

We are broke. We may have a couple more months of sustained living if the Fed keeps injecting liquidity into the system, but to all intents and purposes, America is broke. For the past 50 years we have been sustaining low unemployment rates (albeit not as low as the official figures show), based on a […]

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U.S. Home Foreclosures Soar in August

Franklin @ September 18, 2007 # 2 Comments

The question nobody asks is why aren’t banks restructuring loans to avoid foreclosures? That’s what they did in the past, most credit counseling services will tell you that the banks will restructure the loan before letting it default. However, something is different this time. It is a change that is puzzling regulators and the media […]

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Edwards on the mortage mess

Franklin @ August 30, 2007 # No Comment Yet

Just one day before Senator Obama gave his misguided opinion on the mortgage mess another Democratic hopeful had come to the fore with his own opinion. (By the way, you’ve got to love electoral years because those are the only years politicians have even the pretense of caring for the issues that affect their constituencies.) […]

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