Monday
Jul252011
Why Keep Paying The Bank?
Video - Dylan Ratigan with Ryan Grim
Why keep paying the bank: examining the pros and cons of walking away from an underwater mortgage.
Jul 25, 2011 at 2:56 PMMonday
Jul252011
Monday
Jul252011
Sen. Inhofe: "It's The Outrage Of The Year; The EPA Is Wasting Tax Money All Over World!"
Video - Sen. Jim Inhofe On EPA Foreign Waste - July 24, 2011
Full write-up inside. 43 cents of every dollar Washington spends is borrowed.
Monday
Jul252011
S&P Warns Of U.S. Death Spiral, Obama's NEXT Bailout, Moody's Cuts Greece AGAIN, Banks Challenge $8.5B BofA Settlement, Unconstitutional SUPER Congress (LINKS)
Stories from around the web this morning.
WTF!? - 'Super Congress': Debt Ceiling Negotiators Aim To Create New Legislative Body
Who Holds America's Debt? - And How Much?
S&P: We Must Reduce Deficit - OR Face 'Death Spiral'
The Rich Gets 99% Of The Tax Breaks, While Deficit Is Everyone's Problem
Mike Pento: Debt Ceiling Myths
Moody's Cuts Greece 3 Notches - Says Bailout Means DEFAULT
Banks Challenge $8.5B BofA Settlement, Say They May Be Owed a Lot More - Yves Smith
So What Might Happen if We Get to August 3 With No Deficit Deal? - Yves Smith
Broke! 10 Disturbing Facts About The Financial Condition Of American Families
Obama's Next Bailout: Bankrupt States
2 Million 99ers Scream Hard Recovery for The Jobless
Goldman’s Lies of Omission - Janet Tavakoli
Billions in U.S. trucking funds reach Taliban, military-led investigation concludes
Former China Mobile Official Sentenced To DEATH In Bribery Case - NYT
PHOTOS - Fake Apple Store in China fools everyone - Including Employees
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Monday
Jul252011
An Open Letter From Judge Andrew Napolitano To House Speaker John Boehner (Video & Transcript)
Video - Judge Andrew P. Napolitano - July 13, 2011
Complete text of the letter is inside.
Sunday
Jul242011
People Begin Living Without Electricity And Water In California - Squatters In Their Own Homes (Video)
Video: Candles, lanterns and 10-gallon water jugs
The author claims that 25% of the people in his area are squatting in their own property - presumably meaning they have stopped paying their mortgages but have yet to be evicted.
Very quick slideshow...
Sunday
Jul242011
Rent Is Too Damn High Interrupts Peter Schiff At CPAC
Video - Schiff is being interviewed in the lobby of CPAC 2011
Comedy ensues.
- "Cuz the deficit is too damn high!"
The bank bailout message comes at 2:45 into the clip. It is a thing of beauty.
Sunday
Jul242011
Angelo Walks: Feds Drop Criminal Probe Against Mozilo
Mozilo will not go to prison.
According to Los Angeles Times' sources, Angelo Mozilo has been the subject of a secret federal criminal investigation since 2008, and the 3-year investigation has now been officially closed with no indictments.
Saturday
Jul232011
SNL: Obama Takes A Break From The G-20 To Decide The Fate Of American Companies
A pretty funny clip from back in 2009.
Obama has decided which American companies will continue to exist (and receive a subsidy) and which will be asked to go quietly out of business.
"My administration intends to do to every industry in this country, exactly what we are doing to the automakers. Every company will be vetted for fiscal soundness. Those judged best able to compete in the global economy will be offered a governmental subsidy. The others will be asked to cease operations at once. Hopefully, they will do so voluntarily, if not, they will be shut down by force."
Friday
Jul222011
California Prison Academy Is Better Than A Harvard Degree
Prison guards can retire at the age of 55 and earn 85% of their final year's salary for the rest of their lives. They also continue to receive medical benefits.
Roughly 2,000 students have to decide by Sunday whether to accept a spot at Harvard. Here's some advice: Forget Harvard. If you want to earn big bucks and retire young, you're better off becoming a California prison guard.
Friday
Jul222011
How One Texas Man Got A McMansion For $16
It's called 'adverse possession' and it's also happening in Tuscon in a big way, by an independent mayoral candidate no less.
The neighbors are angry, but we imagine the bank is not upset as the property is being managed and kept properly for free. They will probably move to evict him before the required 3 years are up.
Friday
Jul222011
Ron Paul And Dylan Ratigan: Who's Regulating Washington?
Ron Paul On Radio Free Dylan - July 13, 2011
This is a longer interview than I normally post, but it's worth setting aside the time. The complete transcript is available inside.