The war at home
Home for sale for $1 in Detroit on Realtor.com. Click image for more. Dennis Perrin The prospect of a GM or Chrysler collapse has added more tension to this part of Michigan, a place where working people are already being…
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Category recession
Jim Rogers: Most big U.S. banks “bankrupt”
Jim Rogers is a legendary investor and partner of George Soros. He is known for being blunt, and, I’ve found from watching what he says, usually quite correct. He is now saying most major US banks are bankrupt. But it…
Mortgage default rates and peasants with pitchforks
In the first half of this year, borrowers defaulted on modified mortgages at rates higher than almost every estimate. According to the Office of Comptroller of the Currency statistics released today, 36% of borrowers who had their loans modified in…
Obama supports Republic Windows and Doors workers
This is what change looks like. “When it comes to the situation here in Chicago with the workers who are asking for their benefits and payments they have earned, I think they are absolutely right,” Obama said Sunday at a…
Miami activist moves people into foreclosed homes
Interestingly, the police aren’t stopping him, saying evicting squatters is up to the property owner. Besides, it’s probably better to have houses occupied than be stripped of anything valuable or turned into drug houses.