Month August 2010

CDO World

ProPublica has a 5-panel graphic and accompanying article, Banks’ self-dealing super-charged financial crisis, on how the financial system was compromised, looted, then left for dead by the banksters.

Property Assessed Clean Energy (PACE)

What is PACE? A Property Assessed Clean Energy (PACE) bond is a bond where the proceeds are provided to commercial and residential property owners to finance energy retrofits (efficiency measures and small renewable energy systems) and who then repay the…

Fear of regime change in NYC

Yves Smith of Naked Capitalism reports her well-connected, wealthy friends are getting twitchy about what they see coming. She doesn’t necessarily agree that major upheaval is coming but found it instructive that some NYC elites are now speaking in these…