If you declare bankruptcy, will everything be OK in a few days, weeks?
By Michael Collins The crazies in the United States House of Representatives would have you believe it were so. They say fix that budget before we'll raise the debt ceiling. If we don't get our fix, they announce, there's no deal. We'll just default… more »
Deadbeats Bush and Gingrich Say "States Better Off Bankrupt"
Michael Collins Not if a state owes you money! Jeb Bush and Newt Gingrich just published an OpEd in the Los Angeles Times arguing that states would be wise to consider filing bankruptcy to relieve their financial troubles. They cite three states,… more »
The Devil's in the Details - Foreclosures
By Numerian Posted by Michael Collins It seems, therefore, that millions of foreclosures that have occurred in the past two years may be invalid. Investors who were part of the $8,000 tax credit program may not have valid mortgages and may not legally… more »
Fed begins monetizing the deficit - buying U.S. Treasuries
By Numerian The Federal Reserve, in announcing the results of this week's meeting of the Open Market Committee, surprised the market by revealing it will begin purchasing US Treasury notes and bonds with the principal income it receives from its vast… more »
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