The Really: Is it really okay to sell bad loans and then buy them at a discount to profit from them again? In a bid to capture the top ranking of #1 Really?!? Moment of the Year, Countrywide Executives that were a part of the firm when they sold loans to people who couldn’t afford [...]
The Really: Was America’s version of free markets just a clever ponzi scheme? President-elect Barack Obama in a speech at George Mason University this morning laid the blame for the current economic disaster firmly at the feet of the unregulated markets touted by the Reagan, Greenspan, Bush doctrinaires. In a crisp, clean speech outlining the [...]
The Really: The normally recession proof oldest profession is actually taken a hit from the recent international economic downturn. The New York Times wants you to know it is particularly bad in Prague.
The Really: When it comes to our ailing economy, we really need to hear someone make statements like “By any means necessary…” In a recent blip, Barack Obama said he would “do what’s necessary” to fix an economy that looks like a face that has been beaten to a bloody pulp. I don’t think American’s [...]
The Really: Maybe Preston Sturge’s classic film is just what we need right now. It’s Sullivan’s Travels and it was in a string of hits by the highest paid director/writer of his time Preston Sturges. Released in 1941 it tells the story of director John L. Sullivan who wants to make a social-problems film called [...]
The Really: The banks never loaned that bailout money? Today Congress got around to asking banks why they are HOARDING the bailout money while soon one out of three houses on the market will be a repo, hundreds of thousands lose their jobs, and the stock market wends its way towards 3 figures? Meanwhile back [...]