TRUE BORN SONS OF LIBERTY

The Nutter feels your pain: Since early 2006, American families have lost $7 trillion in home equity — more than half of their equity has si...

The Republican challenger has conceded to the Democrat incumbent. The story is here . The net gain for Republicans in the US House in 2010 r...

It's right here : Owners’ equity in household real estate, or the value of assets minus liabilities, fell from a peak of $13.1 trillion ...

And they will. TPC at Pragmatic Capitalism shows three charts  here  which demonstrate historically where we've been and where we are wi...

Not once in this more or less even-handed discussion does the massive rot infecting bank balance sheets because of declining housing and co...

And the total number of all banks is now fewer than 7800 due to mergers and failures, according to Richard Suttmeier of ValuEngine.com: The ...

Reuven Brenner for Forbes thinks a lottery might be the solution to the foreclosure and shadow inventory mess. He got the idea from Thomas J...

Which is why Chris Whalen calls the banks unwilling REITs (Real Estate Investment Trusts). This is a national catastrophe which threatens ou...

TPC at Pragmatic Capitalism makes a persuasive case that we have government of the banks, by the banks, and for the banks: [I]f you’re a bad...

A reminder from Nicole Gelinas from July why the Dodd-Frank legislation was a failure: For 25 years, Washington has done everything in its p...

Yves Smith of Naked Capitalism writing for the New York Times zeroes in on the fraud which lies at the heart of the mortgage securitization ...

An analyst of the banks and an increasingly visible commentator on the foreclosure mess, R. Christopher Whalen puts in a good word for local...

John Judis for The New Republic almost says he knew FDR and that FDR was a friend of his, but he does say that Obama is no FDR: The left wil...

Based on Richard Suttmeier's take on the data  here : About 2.5 million homes have been lost to foreclosure since “The Great Credit Crun...

"Just as the housing sector and the related debt was the driver of the US economy over the past several decades, I believe that the def...

David Stockman's latest screed against PIMCO reveals what a creature of his age he has become: "Housing is a commodity like furnit...

Bloomberg.com had an important article in June about the Government Sponsored Enterprises in which it is estimated that they may reasonably ...

Kimberley A. Strassel updated the Alexi Giannoulias affair in mid-July for The Wall Street Journal, highlighting the source of the Senate ho...

Andrea Tantaros for The New York Daily News has all the gory details of the latest episode, this time in Spain: While many of us are struggl...

The taxpayer-backstopped Fanny and Freddie, of course: The Obama administration is continuing one of the more horrific policies of the Bush ...