The currency controls have not gone onto European accounts.
The disaster will not be contained. When finance fails it will all fail at once.
This is very near the last moment to sell property.
We are just waiting for the ax to fall.
http://www.calculatedriskblog.com/p/european-bond-yields.html
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Karen Garcia
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No Mortgage Lenders in Jail, but a Borrower Lands There
The government did send someone to prison for actions related to the subprime mess. But not who you’d expect.
I have dealt with this in detail. Conditions have not improved.
http://www.crgraphs.com/2011/10/house-price-graphs.html
Q3 MBA National Delinquency Survey: Comments and State Data
State Data
West Virginia does not appear to be doing badly.
We probably must consider the baseline. If the initial conditions are depressed and things get more depressed they do not need to get much worse to be very bad. Let us look on the ground.
G.E.’s Strategies Let It Avoid Taxes Altogether
General Electric is skilled at avoiding taxes, lately to the extent that the Treasury owes the company money.
Taxes on businesses are to a large extent voluntary.They depend on how revenue is labeled.-
Elizabeth Warren, the Republicans’ Punching Bag
“Great article, with plenty of trenchant humor inserted within the story. Warren vs. Greedy Fools. Looking forward to Joe Nocera's op-eds.”
If the agency had been in place there would not have been the congressional log jam we have now. -
Governor Christie’s Talk Is Not Always Straight
A review of Gov. Chris Christie’s public statements shows that many of them do not hold up to scrutiny.
Governor Christie does not hold up to scrutiny. He has strings. -
MERS, the Mortgage Holder You Might Not Know
An obscure company claims to hold title to roughly half of the home mortgages in the nation — 60 million loans.
Old news.http://www.calculatedriskblog.com/2008/12/in-memoriam-doris-tanta-dungey.html
http://www.calculatedriskblog.com/2007/07/compleat-ubernerd.html
I read these as they were written.
I should probably reread them.
http://www.calculatedriskblog.com/2008/12/compendium-of-tantas-posts.html
Begin at the top. Become knowledgeable.I read through the titles. It was finally too depressing.I recognize about half .
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Executives Behind Financial Crisis at Little Risk of Jail Time
You’re entitled to wonder whether any executives who helped kindle the financial crisis will see jail time.
They carefully made their actions lawful. -
Brutal Crackdown in Moderate Bahrain
“So much for "moderate" Bahrain, good friend of the USA. Still waiting with baited breath for condemnation by Prez O.”
The game goes on.
Is the game worth the candle? -
pvolkov
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Making Things in America
It would be so nice if people could read a text.
Some time ago I pointed out that silicon valley seems to be exploring the range of product without production.There is not much hope of wages with that. -
The Forgotten Millions - Readers' Comments - NYTimes.com
We are a democracy.
It is a community responsibility to "throw the rascals out." -
aheady
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How Washington Abetted the Bank Job
A FEW weeks ago, two Republican House members asked Ben Bernanke, the chairman of the Federal Reserve, whether the Fed knew — before Lehman’s bankruptcy examiner revealed it — about the bookkeeping scam at Lehman known as “Repo 105.” This scam all..."MOREOVER, the banks understood that the statement threatened the virtually regulation-free zone they had won for other forms of complex structured finance, particularly collateralized debt obligations. So the industry condemned the 2004 proposal, and the regulators caved. They agreed to think it over — for two more years.
Hence the interagency statement on “sound practices” of 2006 we described earlier, which was greeted with effusive praise from bankers, their lawyers and accountants. Gone was the requirement to ensure that customers understood these instruments and that the banks document that they would not be used to phony-up a company’s books."
These were very bad boys.
They have not changed their habits.
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Structure of Excuses
By PAUL KRUGMAN
Published: September 26, 2010
"On the contrary, all the facts suggest that high unemployment in America is the result of inadequate demand — full stop."
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George Gallo
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Architects Reimagine the Barnes Collection
(Page 2 of 2)
I hope they kept the old building. I think they should put the collection back.
They can find other art for their new museum. The Barnes was a work as it stood.
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Friends With Benefits
As the data comes in, no.
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Who Stands for Standing?
It is an early hurdle.
Prop. 8 tripped on it. -
Egg Factory
Contemplating the logic of industrial farming and where it gets us: the grim egg factories of Clarion, Iowa.
There is more than one limit to rent. -
Off to College
In the next couple of weeks, all across the country, a good part of America will be engaged in the delicate experience of sending children to college.
The curse of the Buddha is very simple:
Things will never again be as once they were.
Improvements require real understanding of "good" and "better".
Wealthy may not be included. Poor is excluded.
Elizabeth Fuller
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heikoknip
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Elizabeth Fuller
I have little to add on these.
There are encryption packages for most operating systems.
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Confessions of a Recovering Op-Ed Columnist - Readers' Comments - NYTimes.com
I find I have little control of where I go. If asked for an opinion I can find one or make one.
The place I want to be is with you.
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