What a mess. I’m sure George Bush is mostly to blame. Is anyone surprised that most liberal newspapers do not put too much time into this story. Might be inconvenient… ============= By MATTHEW DOLAN, KELLY NOLAN and EMILY GLAZER DETROIT—The city of Detroit told some debtholders on Friday they will have to accept pennies on the dollar or risk getting drawn... Read more
Archive for the ‘Debt’ Category
Detroit Looks to Pay Less to Bondholders
June 16 | Posted by mrossol | American Thought, Big Govt, Debt, Democrat Party, Liberal Press, Party PoliticsFHA Losses Could Hit $115 Billion
June 5 | Posted by mrossol | American Thought, Debt“They” promised they WILL NOT LET IT HAPPEN, so better grab you pocketbook! ============= By NICK TIMIRAOS The Federal Housing Administration’s projected losses over 30 years could reach as high as $115 billion under a previously undisclosed “stress test” conducted last year to determine how the agency would fare under an extremely severe economic scenario, according to documents reviewed by a congressional committee. The... Read more
Econ 201: Trust and the “experts”
March 18 | Posted by mrossol | Debt, EconomicsA very good basic Econ 210 course – in 15 minutes.. =============== Would the Real Peter and Paul Please Stand Up? By Dylan Grice In a previous life as a London-based ‘global strategist’ (I was never sure what that was) I was known as someone who was worried by QE and more generally, about the willingness of our central bankers to play games with... Read more
Ryan Budget Proposes Caps on Defense Spending, a Shift for GOP – WSJ.com
March 13 | Posted by mrossol | Debt, Party PoliticsA proposal… does the loyal opposition offer something else … (in the past four years)? ============ Ryan Budget Proposes Caps on Defense Spending, a Shift for GOP.
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“Make the sequester as painful as promised” – White House
March 8 | Posted by mrossol | Debt, Obama, SequesterIf you were a share-holder and your board managed the company this way there would be a “house cleaning”. =============== The White House announced Tuesday that it is canceling tours of the president’s home for the foreseeable future as the sequester spending cuts begin to bite and the administration makes good on its warnings of painful decisions. Announcement of the decision — made... Read more
