Karl Denninger on why you should stop paying your mortgage:
Stop Paying Your Mortgage Today - [The Market Ticker]
I love the subversiveness of this. Of course, just as Karl insists, you should only consider this if you have a “no-recourse” mortgage and can take a hit to your credit score, but it’s a great F-U to [...]
Two topics caught my eye this morning. The first is a piece from the NY Times on nepotism between Wall Street, especially Goldman Sachs, and Washington:
The Guys From ‘Government Sachs’ - [NY Times]
This of course is nothing new. There is a long history of incestuous relationships between lobbying, big businesses, Wall Street, and Washington. This [...]
Karl Denninger has a great post on the fraud being presented as a bailout or “rescue package” and the level of corruption involved:
The Fraudacity Of American Finance - [The Market Ticker]
Some points:
Banks are not going to use the government-injected money to lend out. They are going to hoard it to “improve their capital ratios.”
Executive compensation [...]
