Opinion

This recession has changed me as it has many Americans, I’m sure, but I try to think not for the worse but for the better because I believe we learn by studying our past mistakes and this is true not just for us as individuals but as a society and what I have learned from history is that we c [Read More]

The Native Americans knew the truth eons upon eons ago and that truth was that you cannot base a system upon greed; upon profit alone, you cannot seek a monetary gain if that monetary gain becomes so superfluous to you that you lose your very soul in that endeavor. But, we, the white European settl [Read More]

I sincerely hope that Barak Obama is not thinking of putting another one of his Band-Aids on another severed limb, as he has been doing ever since he became the president. The economic stimulus plan that he originally proposed was too weak and the one he has provided us with has obviously been too [Read More]

Would you like a subprime loan at a par rate? Want to buy a house with no money down and roll any down payment into the loan amount? Want to buy a house on the market for $730,000 or under on a 5%, 30-year, no-down-payment plan, even though you have marginal credit and not enough income to actually [Read More]

White House economists reported that the Obama administration's recovery efforts have saved or created more than a million jobs, an estimate attempting to be positive in its forecast concerning the direction that the economy is, and has been, taking, in the last two years. President Obama made [Read More]

There will be more bankruptcies, foreclosures and (long) short sales if the healthcare bill proposed today by the Democratic chairman of the Senate Finance Committee, Sen. Max Baucus, that he said took him a year to come up with, passes into law. I guess it took him a year to get enough money from [Read More]

China has declared war on America; well on America’s “brand” of Capitalism, anyway. They have declared a novation, a cancellation, on all of their derivative debt and will no longer be paying any of the trillions of dollars on them when they become due. In other words they have de [Read More]

Is Capitalism too big to fail? Because that should be the question, not are big banks too big to fail? All the previous administrations and now Obama and his administration have already answered that question and the answer is yes, the biggest banks and insurance and investment conglomerates ARE to [Read More]

In today's world Bank are more and more cautious, the quality control process is getting more and more stringent and the methods and procedures that the banks are using today is insurmountable by most individuals and borrowers. Most lenders are now using a report that can actually give them eve [Read More]

The astute Ben Bernanke, Chairman of the Federal Reserve, said that the recession will probably end this year, but unemployment will continue to rise. Umm-uhhh but isnt that an oxymoron; I mean if the recession is ending wouldnt unemployment be going down and not up? I mean if you tell a hundred un [Read More]