Wall St. Finds Profits by Reducing Mortgages

As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess.
Investment funds are buying billions of dollars’ worth of home loans, discounted from the loans’ original value. Then, in what might seem an act of charity, the funds are helping homeowners by [...]

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Ben Bernanke Pleads For His Job; My Response to Bernanke

Ben Bernanke is on yet another self-serving mission to save his job. Please consider The right reform for the Fed an op-ed by Ben Bernanke in the Washington Post.
Here is Bernanke’s entire article (in italics) with my comments interspersed in plain type. Most of my comments are made straight to Ben Bernanke, but they apply in [...]

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A Trial That Will Convict Us All

Republican members of Congress and what masquerades as a “conservative” media are outraged that the Obama administration intends to try in federal court Khalid Shaikh Mohammed, the alleged mastermind of 9/11, and four alleged co-conspirators.
The Republican and right-wing rant that a trial is too good for these people proves what I have written for [...]

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Brooklyn Drummer Dies After Fall in Elevator Shaft, Brooklyn, New York

Gerhardt Fuchs grew up playing the drums in Georgia and went on to perform with bands that toured across the country, but it was in Williamsburg, Brooklyn, that he forged his reputation as a dynamic, driving drummer widely esteemed by his peers.            continued

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Quote

Because I do it with one small ship, I am called a terrorist (pirate?). You do it with a whole fleet and are called an emperor.
~ St. Augustine

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The Biggest Bust Will Follow the Biggest Bubble by Bill Bonner

Our Crash Alert€ flag goes back up the pole€
October is almost half over. Will we get through the month without a major sell-off?
Dear reader, if you think we know the answer to that you’ve got us mixed up with someone else. Someone who is crazy.
No one with his wits about him thinks he knows what [...]

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The Word – Symbol-Minded

The cross has nothing to do with Christianity — it’s just the normal symbol of the resting place of the dead.
OK,     WATCH MORE

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Partisan Politics ? A Fool?s Game for the Masses by Robert Higgs

Because I despise politics in general, and the two major parties in this country in particular, I go through life constantly bemused by all the weight that people put on partisan political loyalties and on adherence to the normative demarcations the parties promote. Henry Adams observed that “politics, as a practice, whatever its professions, has [...]

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Afghanistan: A War of Lies by Eric Margolis

President Barack Obama and Congress are wrestling with widening the war in Afghanistan. After eight years of military operations costing US $236 billion, the US commander in Afghanistan just warned of the threat of “failure,” aka defeat.
Truth is war’s first casualty. The Afghan War’s biggest untruth is, “we’ve got to fight terrorists over there so [...]

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SICK AND TIRED OF THE ‘JEW THING’

When will people realise that not all Jews are zionists? When will these same people realise that not all zionists are Jews?

As I browse through pro Palestinian Blogs, many written by Palestinians themselves, I see a growing trend of subtle anti-Semitism. This manifests itself in a few ways, one is [...]

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