rdan The NYT shows us this angle on the bailout: William Frey, the president of one of the funds, Greenwich Financial Services of Greenwich, Conn., said that he was acting to protect the firm’s investments. “Any investor in mortgage-backed securities has the right to insist that their contract be enforced,” he said. In letters sent […]

Failout Part 3 – The Summary or “Remember the Gift Horse & All That…”We’ve paid off the mortgages of people who would otherwise have gone into default triggering all sorts of chaos in the financial markets – from institutions performing loan portfolio write-downs to calling in credit default swaps, we’ve avoided that nasty mess and […]

The link takes you to an interactive report by The Project on Student Debt. (Corrected link…rdan)

by reader Tinman Failout Part 2 – The Example or “The Uncle Sam Payment Plan (USPP)©”Previously we put forth a fairly simple solution to the “housing/mortgage/credit crisis”. Let’s follow the solution through using our example above; Mr. & Mrs. Smith, earning $75k/year, have just had their monthly expenses dropped by a whole bunch however, here […]

And sometimes it would be better if it stayed that way. Remember, Real Business Cycle is when you look back at the Perfect Storm and note how calm the water is now. Yes, I know. prize in honor of and all that.

This link provides great visuals for those who follow the media and the pundits.

By Spencer One of the strongest points being made about economic policy is that the Bush tax cuts must be extended because of the economic crises. Yes, standard analysis is that a tax hike in the middleof an economic downturn is bad policy as far as short run economic stimulous. But maybe part of our […]

Op ed by reader tinman A Failout in Three PartsOrWhat Do We Do From Here? Failout Part 1 – The Solution or “Pulling the TARP Over the Body (Economy)” What’s the best answer to our “credit crisis”? Pay the money to the banks via the borrowers.Pay off their mortgage; make the note whole in the […]

by reader SKG The Fulton County Commission is a 7 member commision, with 5 elected by district, and 2 elected county-wide. The result of this structure was that the residents of the City of Atlanta (and to a lesser degree South Fulton) completely controlled the County Commission by controlling 2 seats, and the 2 county-wide […]