http://market-ticker.org/akcs-www?post=169697
November 1st for the day of choice is already making the rounds on the net.
Karl's right and nothing he is saying can be disputed.
America is dying before our eyes
And our government seems to be doing everything in it's power to make sure we actually do
Solidarity is a must
Our children deserve better, than whats going to be left for them
Charges And Specifications: An Open Question
It's time to cut the crap.
As was pointed out in an article that neatly summarized the last three and a half years of Tickers into one article published on the 14th, L. Randall Wray, Professor of Economics, said:
What President Obama must understand is that fraud is endemic at every level of the home finance food chain. We were long told that securitized mortgages cannot be modified because of the complexity involved—modification of most mortgages would require consent of the holders of the securities that each have a piece of the mortgage. But actually it is impossible to tell how many—if any—of these securities holders have a legitimate claim on any of the mortgages. Simply imposing a moratorium will not be enough—it will just give the banks time to manufacture false documents, encouraging even more fraud. Meanwhile, half of all homeowners with mortgages are already underwater or are within spitting distance of being underwater. Many of these are drowning because the epidemic of fraud perpetrated by financial institutions destroyed our economy and caused housing prices to collapse.That's right.
Here is my list of charges and specifications related to this. I will leave you all - including especially the politicians - with something to think about for a bit as well.
In no particular order:
