Tag Archives: Housing

Wall Street’s New Housing Bonanza

Wall Street’s New Housing Bonanza
Wall Street’s latest trillion-dollar idea involves slicing and dicing debt tied to single-family homes and selling the bonds to investors around the world. That might sound a lot like the activities that at one point set off a global financial crisis. But there is a twist this time. Investment bankers and lawyers are now lining up to finance investors, from big private equity firms to plumbers and dentists moonlighting as landlords, who ... Read more

Capitalism in Long Term Stagnation and Decay

Capitalism in Long Term Stagnation and Decay
Well, there's lots of reasons why the economy is in trouble. I mean, the most obvious one is that when you concentrate all the income at the top, people don't buy. They can't buy enough. They can invest it or they can put it under the mattress or they can put it in stock speculation, but they've got a house, they've got two houses, three cars--they can't purchase enough. The Keynesian idea is to stimulate the economy. So that's the same--you ... Read more

The Weird Battle Over the Debt Ceiling

Washington, DC is Exaggerating Debt Issue to Push an Agenda to Please Campaign Contributors and Hide the Real Causes of Debt By Dean Baker Al Jazeera, July 28. 2011 Policy debates in Washington are moving ever further from reality as a small elite is moving to strip benefits that the vast majority need and support. The battle over raising the debt ceiling is playing a central role in this effort. The United States is currently running ... Read more