webmaster@technorati.com wrote an interesting post today on
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CHICAGO - AMERICA’S financial crisis disproportionately cut access to conventional mortgage loans for minority communities compared to predominantly white neighbourhoods, according to a study released on Thursday. Reckless sub-prime mortgage lending during the recent economic boom sparked the worst housing crisis and downturn since the 1930s, wiping out trillions of dollars of home equity and …

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Random Feed wrote an interesting post today on
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During the first ten days of October 2008, the Dow Jones dropped 2,399.47 points, losing trillions of investor equity. The Federal Government pushed TARP, a $700 billion bail-out, through Congress to rescue the beleaguered financial institutions. The collapse of the financial system was likened to an earthquake. In reality, what happened was more like a shift of tectonic plates. ******************************************* In September 2009 the Fed proclaimed “The Recession is Over.” Presi

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Random Feed wrote an interesting post today on
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The pent up inventory is getting ready to unleash in 2010. The gigantic bet made by the bankers and Wall Street was that somehow by allowing banks to fudge numbers since the crisis started that housing would find its footing and the market would stabilize. Sweep the collapse under the bailout rug. This perceived grounding was then going to allow banks to unload these properties and avoid realizing institutional ending losses. Yet 21 months into this painful recession and trillions handed o

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Random Feed wrote an interesting post today on
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Is the government creating another subprime-mortgage bubble? The first time around, the three-headed federal serpent – the Bush administration, the Treasury Department and the U.S. Federal Reserve – used Fannie Mae (NYSE: FNM ) and Freddie Mac (NYSE: FRE ) to “legitimize” trillions of dollars worth of toxic financial waste known as subprime mortgages. The result was the worst financial crisis since the Great Depression – a mess that was global in nature. And we’re now headed for a re

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Random Feed wrote an interesting post today on
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by Michael S. Rozeff LewRockwell.com “…for all they that take the sword shall perish with the sword.” (Matt. 26:52) A number of major events in the past few years reinforce the notion that the U.S. is on a path of failure, not success. “Major” means an event that involves near a trillion dollars or into the multi-trillions. A key variable in the success or failure of a nation and government like ours is the production of wealth. We the People produce this wealth. When our government

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