Month September 2008

Emanations from the Ministry of Propaganda

Department of Housing and Urban Development (HUD) says homelessness is down. Yup, their statistics show that there is less homelessness now not more. What, you think that’s odd, given the slowing economy, that maybe HUD fudged their figures? Well, you’d…

The financial crisis and the bailout

First were subprime mortages. Bankers and the real estate industry were making zillions selling subprime, then pacakaging them into investment vehicles. so, it behooved everyone to pump out as many mortgages as possible because, after all, prices will never fall…