Tag Archives | mortgages

Simon Johnson: Too big to jail?

By on February 23, 2012 in Economics, General Discussion, Human Behavior

Simon Johnson, ex-IMF head, who co-authored 13 Bankers characterizes the latest sellout.   From Project Syndicate on the sidebar: WASHINGTON, DC – Among the fundamental principles of any functioning justice system is the following: Don’t lie to a judge or falsify documents submitted to a court, or you will go to jail. Breaking an oath [...]

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you want economic justice from Wall Street? begin with home mortgages.

By on October 14, 2011 in Economics, General Discussion, Human Behavior

  what is a legal mortgage? A legal mortgage is a contract between tenant (the borrower) and mortgagee that abides by all federal, state, and county laws. sound easy? how many legal mortgages exist in America? zero. Not a single one, not even close. Although the mortgage is the name for the contract (usually 9-12 [...]

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The market is betting heavily against inflation.

By on October 6, 2011 in Economics, General Discussion

There are a lot of people worried that more aggressive efforts by the Fed to lower unemployment will mean inflation.  But when the market has to put its money where its mouth is, it’s very clearly betting that inflation will be nearly non-existent for decades to come.  Just look at mortgage rates. Right now you [...]

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