Comments on: Housing, debt ceilings & zombie banks Wed, 16 Jul 2014 00:47:01 +0000 hourly 1 By: breezinthru Sat, 10 Sep 2011 11:45:20 +0000 For the record, I’m with Lambertstrether, too. I’ve been advocating widespread RICO prosecutions since 2008, but that is a side issue.

Regarding Chris Whalen’s article, I would like to see some data regarding his assertion that almost all of the “new” real estate loan business is refinancing for better borrowers. I suspect that his claim is true, but are we talking about a 75/25 split or a 95/5 split?

I also agree that the FDIC should now be used to clean up this banking mess. In 2008, the magnitude of the problems would have overwhelmed the FDIC, but there should be no more harm done to taxpayers at this point.

The banking industry needs to quickly expand the size of the FDIC and be start restructuring. BAC has a huge exposure to the tottering Eurozone.

By: hsvkitty Fri, 02 Sep 2011 02:08:42 +0000 “The U.S. banking industry, not the taxpayer, has always paid to clean up the mess in previous crises via the FDIC. The present housing crisis demands a similar response.”

Exactly. But the hand slaps, small fines and continued fraud has to stop. The banks are still Robosigning for goodness sakes!! 11/09/01/mortgage-servicers-still-lying- in-court/

I am with Lambertstrether on how to return some consumer confidence!

By: lambertstrether Wed, 24 Aug 2011 12:39:00 +0000 One example of civic action I’d really like to see is bankster CEOs in orange jumpsuits doing the perp walk on national TV. That’s what it will take to restore confidence, too.

By: goldbars Fri, 19 Aug 2011 14:43:36 +0000 We bought a 1920’s bungalow in a nice neighborhood, gutted and remodeled for 2 years. We had an offer at break even level, but have decided to stay. I have my eyes on our next remodel. Doing my part. The rental idea is great and what I call fluffing America needs to start. Lets make America beautiful.

By: RLNorman Thu, 18 Aug 2011 17:59:53 +0000

The above sites have papers from 1998-2001 on a new Great Depression, based upon a Keynesian view of Marx’s Falling Rate of Profit concept and the Internet economic model. In 1995, I was blacklisted by CUNY Graduate Center and the City University of New York, and was unable to teach or publish these ideas.

R L Norman, Jr. PhD