Archive - Nov 13, 2009 - Blog entry
Confirmed: Defense Spending Creates Fewer Jobs Than Other Types of Spending
Submitted by George Washington on 11/13/2009 15:12 -0500The war hawks claim that getting us into some more wars will pull us out of the economic crisis.
But several studies show that more jobs would be created by other types of spending.
The Weak Dollar and the Too Big to Fails
Submitted by George Washington on 11/13/2009 15:07 -0500Simon Johnson says Bernanke is killing the dollar to help bail out the too big to fails ...
Senator Dorgan: "We Essentially Have Had Modern-Day Bank Robbers ... and There's Been No Accountability ... There's No Question the System Is Rigged"
Submitted by George Washington on 11/13/2009 15:05 -0500Senator Dorgan calls it like he sees it ...
FHA To Congress: No Sub Prime for Us, We Just Make Bad Loans
Submitted by Bruce Krasting on 11/13/2009 12:29 -0500HUD's Shaun Donovan delivered a report to Congress. Some of the information provided does not jive with the default performance of some Ginnie Mae portfolios. A representative portfolio from 2008 is suffering defaults of 27%. Exactly the same as the sub prime loans.
No bailout for FHA? Don't count on it.
Developers Diversified Realty Email of Interest
Submitted by Reggie Middleton on 11/13/2009 08:05 -0500I just received this email and thought my readers may find this of interest. DDR is the company that was featured in the "bailout" post (Here's a Big Company Bailout by the Taxpayer That Even the Taxpayer's Missed!), a must read if you haven't done so already.
Are Americans on the Road to Serfdom?
Submitted by inoculatedinvestor on 11/13/2009 01:37 -0500Friedrich von Hayek might have thought so. Hayek worried that during times of crisis the government would assume so much control that it would eventually have a negative impact on the economy and eventually turn all the people into serfs. My hope it that through sites like Zero Hedge we can help wake people up and avoid such an undesirable fate.
