Truemors
Goldman's walk on subprime wild side
Goldman climbed into bed with New Century Financial Corp's unreviewed and off shore deals
An Inside Story of Wall Street Bank Crashes
"After his stint on Wall Street, Michael Lewis wrote Liar’s Poker, a famous book that gave an inside story of the high-rolling Wall Street of the 80’s, with its exorbitant salaries and careless handling of...
NATION OF WHINERS GOES ON SUICIDE BINGE !
Get a third job ! Sell a vital organ ! Move in a card box by the river ! …but stop your whining buba ! You are but a victim of your own imagination, you suffer from a severe case of "mental recession" ! Now... 
created by White Noise | 1 year ago | updated 51 wks ago
1003 views | 2 recommendations | 13 comments
1003 views | 2 recommendations | 13 comments
Financial Innovation = Creative Counterfeiting Schemes by Wall Street
The new Sanity Check blog by Bob O'Brien is out. He gives us his take on the subprime meltdown. For those who get befuddled by the convolutions used to explain how they first naked short the stock and then naked short the bonds, using cdos, tranches etc, he included a picture... 
The Housing Crisis and a Fight-Back Program
"The current economic crisis has been building for years. At its root is the massive elimination of decent-paying jobs and lowering of wages in the U.S. and worldwide, a phenomenon explained and analyzed so well in the party’s newest book, “Low-Wage Capitalism.”The...
This Is Not A Normal Recession: Moving on to Plan B
""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while... Repossessions rise 12 per cent in three months, according to mortgage lenders
Reposession rates continue to rise in the UK. A new report released today revealed that reposessions have risen 12 percent in the past three months, as house prices decline at the same time people are unable to meet their mortgage payments. House prices have been dropping at... 
Bill Clinton - Al Gore and the Glass Seagall Repeal: Did the Democrats Crash ...
Barry Artiste Op/Ed (Photo Inset) Then President Bill Clinton, smiling with Greenspan and Bankers and Wall Street as he signs back in the Glass Seagall Repeal Act.Since I took a bath on the Stock Market... 
1544 views | 22 recommendations | 24 comments
We remain astonished that what started as $200 billion in failed US subprime ...
We remain astonished that what started as $200 billion in failed US subprime mortgages could have turned into $3 trillion in global losses Foreign Exchange Outlook : The global financial system is under severe... 
Downwardly: "By the time you foreclose on my house, I'll be dead."
Associated Press has a new story up identifying recent victims of violence connected to the financial crisis. Here is a brief police blotter account of one of the most recent: Pamela Ross, who had been given a... 
created by Actual News Geezer | 1 year ago | updated 1 year ago
411 views | 2 recommendations | 0 comments
411 views | 2 recommendations | 0 comments
Downwardly: 19 year woman loses medical insurance, faces gangrene
It's everywhere you look on the web: stories of ordinary Americans in a steep downwardly descent. A doctor tells the Washington Post of the disgusting hardships people who have lost their medical...
created by Actual News Geezer | 1 year ago | updated 1 year ago
280 views | 11 recommendations | 5 comments
280 views | 11 recommendations | 5 comments
Downwardly: Dave Cantrell and his midnight U-Haul
MSM seems to be doing a better job of finding human faces to illustrate the personal cost of the financial crisis. Here's a poignant one from The Mercury News. Consider adding your own."MANTECA — Dave Cantrell...
created by Actual News Geezer | 1 year ago | updated 1 year ago
210 views | 27 recommendations | 7 comments
210 views | 27 recommendations | 7 comments
Downwardly: homeless dogs abandoned by foreclosed owners
I've heard of the yoga pose Downward Dog, but downwardly mobile dogs?Animal control officers in this suburban Chicago community have been rounding up dogs that have been abandoned by folks who have lost their...
created by Actual News Geezer | 1 year ago | updated 1 year ago
522 views | 3 recommendations | 1 comment
522 views | 3 recommendations | 1 comment
