I have read extensively about the housing bubble. Most objective documentation seems to chronicle it this way. First, going back to Clinton, the government decided it was a reasonable goal to state that every American should own their own home. It sounds lofty and fits the Great Society, but does it make any sense? Not Read the full article…
Meredith Whitney, A Wall Street wizard who called the banking crisis early, is expecting 50-100 municipal defaults in the near future. Ms. Whitney says states won’t default, but more cities will. They will have to choose between paying the bondholder and paying the police and firemen. The built-in escalators in their contracts will more than Read the full article…
The local Phoenix NBC affiliate news station made this statement in both the early and late news. “Charlie Sheen has received several offers to be a university commencement speaker”. Nice journalism NBC. From everything I have found, there is a Face book and Twitter effort by students to get their college or university to invite Read the full article…