Category Archives: Collateral Damage

The Committee to Defraud the World

Posted on August 1, 2010 by Brian Schuettler

To say now that ‘No one knew’ or ‘I was mistaken’ or ‘I was just doing as I was told’ is another in a series of lies and deceptions that have supported one of the greatest frauds in the history … Continue reading →

Posted in A Moral Question - Not A Political One, A Shareholder-Not Just a "Stakeholder", A Time To Repent, AIG and all that....., Analysis & Commentary, Bilderbergers 1 USA 0, Collateral Damage, Coming Social Unrest, Consumption Ran the Old Economy, Coup d'etat in America, Death of the Dollar, Deflation-Inflation-Stagflation, Devaluation, Did they ever hear of GAAP?, Dismal Science-Ignorant Scientists?, Economic Analysis Isn't Science, Even the Terminator Can't Help California, Goldman: Underwriter or Undertaker?, Greenspan is kind of stupid, Insolvency, It Is Supposed to be a Republic!, Jacksonian Democracy, Let's Call What It Is - DEPRESSION, Moral Hazard, No Bank Is Indispensable, Obama's Hypocrisy, Our phony middle class, Patience is a virtue...Delusion is a vice, Small Business-Bedrock of America, Smaller Can Be Better, Social Security Time bomb, Socialism, TARP fruit loops, The American Financial Oligarchy, The Arrogance of Power, The Consequences of Greed, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Judeo-Christian Political Coalition, The New American Socialism, The Obama OMG magic factory, The Sorry State Of American Manufacturing, The Suffering Poor, The excellent adventures of Ben Bernanke, Those Quarky Accounting Rules, Time For A New Third Party, Truth In Charity, USA Is the New Japan, Unemployment Catastrophe, Unindicted Co-Conspiritors, Unintended Consequences, Wage Deflation, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still!, Why is the first Black President incompetent? | 1 Comment

A Credit Union That Played With Fire

Posted on May 16, 2010 by Brian Schuettler

Purveyors of C.D.O.’s maintain that buyers who lost billions in these mortgage-related instruments were, of course, sophisticated. But as a recent report from the inspector general of the National Credit Union Administration shows, it is neither credible nor factual that … Continue reading →

Posted in A Moral Question - Not A Political One, AIG and all that....., Banks - Crisis Discussion, Business Legal Issues, CDOs, Collateral Damage, Credit Union Investment Errors | Leave a comment

Washington Possessed

Posted on April 24, 2010 by Brian Schuettler

My Nov. 10, 2008 column warned that big government was walking away as the knockout winner over the private sector in the financial crisis. But it’s going much further than I’d feared. The federal government has accelerated its takeover of … Continue reading →

Posted in Collateral Damage, Constitutional Questions, Consumption Ran the Old Economy, Deflation-Inflation-Stagflation, Jacksonian Democracy, Larry Summers, News & Analysis, Obama's Hypocrisy, Our phony middle class, Patience is a virtue...Delusion is a vice, Political Chaos, We Have Become Beggars To The World, Who owns Congress-Still!, “the Greenspan doctrine” | Leave a comment

Howdy, Neighbor!

Posted on April 10, 2010 by Brian Schuettler

When asked what advice he would give to residents of Ashtabula County Ohio because of cutbacks in official law enforcement budgets, Judge Alfred Mackey said they should: “arm themselves. Be very careful, be vigilant, get in touch with your neighbors, … Continue reading →

Posted in A State of Distress, A Time To Repent, Collateral Damage, Coming Social Unrest, Coup d'etat in America, Greenspan is kind of stupid, Insolvency, Let's Call What It Is - DEPRESSION, Our phony middle class, Patience is a virtue...Delusion is a vice, Political Chaos, Ron Paul Stands Tall, Stress Test Mess, Subsidiarity, TARP fruit loops, The Austrian School of Economics, The Consequences of Greed, The Democrats Blew It Again, The Economics of Schumpeter, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The excellent adventures of Ben Bernanke, Those Quarky Accounting Rules, Unemployment Catastrophe, Unindicted Co-Conspiritors, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, Who owns Congress-Still! | Leave a comment

Does It Make Sense to Resurrect the Glass-Steagall Act?

Posted on February 20, 2010 by Brian Schuettler

In the present system, the more unrestricted the banks are, the more money they can generate “out of thin air,” and the more damage they can inflict upon the wealth-generation process. FULL ARTICLE by Frank Shostak

Posted in A Growing List Of One Term Presidents, A Moral Question - Not A Political One, A Shareholder-Not Just a "Stakeholder", A State of Distress, A Time To Repent, AIG and all that....., Audit the auditors?, Back to the basics, Bank Failures, Banks - Crisis Discussion, Collateral Damage, Consumption Ran the Old Economy, Coup d'etat in America, Figures don't lie but Liars can figure, Negative Cash Flow, No Bank Is Indispensable, Our phony middle class, PANDEMIC, Regulation - the Discussion, Regulatory Failures, The Consequences of Greed, The Democrats Blew It Again, The Financial Elite, The Geithner Resignation Watch, The Importance of Strategic Planning, The Joy of Being A Bank, The excellent adventures of Ben Bernanke, “the Greenspan doctrine” | Leave a comment

Sic transit America?

Posted on January 16, 2010 by Brian Schuettler

Flagging: a US sailor stands on the flight deck of the aircraft carrier USS George Washington If a week is a long time in politics, a decade is starting to look like an age in geopolitics. Comparing the America that … Continue reading →

Posted in A Growing List Of One Term Presidents, A State of Distress, A Time To Repent, AIG and all that....., Back to the basics, Collateral Damage, Coming Social Unrest, Commercial Real Estate Bust, Consumption Ran the Old Economy, Coup d'etat in America, Death of the Dollar, Deflation-Inflation-Stagflation, Devaluation, Dismal Science-Ignorant Scientists?, Even the Terminator Can't Help California, Federal Reserve-Discussion, Figures don't lie but Liars can figure, IT'S ALL ABOUT POWER AND MONEY, Integrity and Responsibility, Is The Market Rally Real?, It Is Nice To Be Part of the Elite!, It starts with a foundation, Monetary Policy - Discussion, Our phony middle class, Patience is a virtue...Delusion is a vice, Political Chaos, Politicians, Prostitutes and Pimps All Rhyme, Small Business-Bedrock of America, Sub-Prime anytime, TARP fruit loops, The Arrogance of Power, The Consequences of Greed, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Global Economy, The Habits of Hedge Funds, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Judeo-Christian Political Coalition, The New American Socialism, The Sorry State Of American Manufacturing, The excellent adventures of Ben Bernanke, Time For A New Third Party, Truth In Charity, US Trade Imbalance, USA Is the New Japan, Unemployment Catastrophe, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, “the Greenspan doctrine” | Leave a comment

Justice?

Posted on August 14, 2009 by Brian Schuettler

In Judge Takes SEC and Bank of America Lawyers to Woodshed over Merril Bonus Settlement, Yves Smith covers the SEC-Bank of America hearing and considers the notion of Wall Street entitlement; their lawyers have ostensibly bought into this concept.

Posted in Collateral Damage, Unindicted Co-Conspiritors | Leave a comment

Just so you know

Posted on August 13, 2009 by Brian Schuettler

Announced changes in the regulatory landscape, including for hedge funds, private equity, and derivatives and securitization markets, will contribute to an increase in overall credit costs. The secular trend towards lower nominal interest rates, which has sustained financial intermediation and … Continue reading →

Posted in Collateral Damage, Coming Social Unrest, Consumption Ran the Old Economy, Creditors Caveat, Death of the Dollar, Deflation-Inflation-Stagflation, Deleveraging | Leave a comment

“Increasingly, the determination of when to default is not guided by the moral question: Is this the right thing to do? It is guided by the pragmatic concern: Am I too far underwater on my mortgage?”

Posted on July 25, 2009 by Brian Schuettler

Walking Away When You Can Pay By Kelsey VanOverloop Homeowners are turning to the “strategic default” — walking away from a mortgage even when there are funds available to keep paying. “Increasingly, the determination of when to default is not … Continue reading →

Posted in A Growing List Of One Term Presidents, A Saturday Break, A State of Distress, A Time To Repent, AIG and all that....., Back to the basics, Bank Failures, Collateral Damage, Coming Social Unrest, Commercial Real Estate Bust, Coup d'etat in America, Credit Card Debt, Creditors Caveat, Death of the Dollar, Deflation-Inflation-Stagflation, Deleveraging, Insolvency, Integrity and Responsibility, It Is Nice To Be Part of the Elite!, Lending Crisis, Mortgages, Obama's Hypocrisy, Our phony middle class, Residential Market, Sub-Prime anytime, TARP fruit loops, The Arrogance of Power, The Democrats Blew It Again, Time For A New Third Party, Unemployment Catastrophe, We Are All Cooked | 1 Comment

Credit card firms try end run around new federal rules

Posted on July 10, 2009 by Brian Schuettler

Banks are quietly changing the terms of millions of credit card accounts as they brace for a tough new law that will limit rate hikes. The law would restrict interest rate increases unless a credit card has a variable rate. … Continue reading →

Posted in Collateral Damage, Coming Social Unrest, Credit Card Debt, Creditors Caveat | Leave a comment

Housing in Peril as Obama Fails to Get Breakthrough

Posted on July 1, 2009 by Brian Schuettler

By Kathleen M. Howley June 29 (Bloomberg) — Driving through Riverside, California, Bruce Norris pointed to a half-dozen empty houses with “For Sale” signs stuck in untended lawns that he said investors might buy if banks would just extend some … Continue reading →

Posted in Collateral Damage, Coming Social Unrest, Deflation-Inflation-Stagflation, Insolvency, Our phony middle class, Political Chaos, US Trade Imbalance, Unemployment Catastrophe, Wage Deflation, We Have Become Beggars To The World | Leave a comment

A moment of silence for downed comrades

Posted on June 19, 2009 by Brian Schuettler

Bankruptcy Epitaphs 2009–And We’re Only In June! – Reformed Broker

Posted in A Picture Is Worth A Thousand Words, Collateral Damage | Leave a comment

Chrysler Mows Down Debtholders’ Claims in Court

Posted on June 11, 2009 by Brian Schuettler

June 5 (Bloomberg) — Today was supposed to be the day that Chrysler LLC sold itself to Fiat and embarked on a new, government-designed chance at survival. Instead, its lawyers are arguing in a federal appeals court this afternoon to … Continue reading →

Posted in Bond Market, Collateral Damage, Creditors Caveat | Leave a comment

Barack Obama and the carmakers

Posted on May 12, 2009 by Brian Schuettler

Opinion from The Economist :  http://www.economist.com/opinion/displaystory.cfm?story_id=13610871 An Offer You Can’t Refuse NO ONE who lent money to General Motors (GM) or Chrysler can have been unaware of their dire finances. Nor can workers have failed to notice their employers’ precarious … Continue reading →

Posted in Collateral Damage, Creditors Caveat, The Disappearing Car Makers, Want To Buy A Car? | Leave a comment

Collateral Damage

Posted on May 5, 2009 by Brian Schuettler

The Evaporating Collateral Of The United States at Zero Hedge In a Bloomberg article today, Federal Reserve Vice Chairman Donald Kohn said that the central bank’s emergency lending programs aren’t creating a significant risk for U.S. taxpayers and went on … Continue reading →

Posted in Collateral Damage | Leave a comment