Category Archives: Big Shitpile

Preventing the Next Banking Crisis: Let’s Talk About Fraud

A column by Paul Krugman argues Clinton’s financial regulation strategy is better than Sanders’, though he argues it’s a pretty small difference (boldface mine): Hillary Clinton and Bernie Sanders had an argument about financial regulation during Tuesday’s debate — but … Continue reading

Posted in Bidness, Big Shitpile, Democrats | 1 Comment

MERS Strikes Again–And I Don’t Mean The Virus

Years ago, I argued that MERS (Mortgage Electronic Registration Systems) fundamentally uncut the basic foundations of property law by destroying and invalidating the transmission of titles–all so it would be easier to bundle and slice mortgages. It would appear, in … Continue reading

Posted in Big Shitpile | 1 Comment

A Very Bizarre Outcome of Big Sh-tpile: The Snow Shoveling Edition

The collapse of Big Shitpile, aka the housing fraud that occurred between 2000 – 2007 give or take, has had many horrid effects: massive unemployment, millions of households saddled with the worst kind of debt, people losing their homes, the … Continue reading

Posted in Big Shitpile

The Limits of Green Lanternism As an Excuse

A popular theme among the technobratacy is ‘Green Lanternism’, the mocking of the argument that Obama could have done more on a variety of issues. That is, if Obama had only exerted more will (how the comic book hero the … Continue reading

Posted in Big Shitpile, Democrats | 3 Comments

No One Could Have Predicted the Securitization of Rental Properties Would End Badly

I mean, is this the biologically incorrect black swan, or what? (boldface mine): Big Money investors decided to buy up all the foreclosed properties their pals at the banks created during the financial crisis, and rent them out to many … Continue reading

Posted in Big Shitpile | 1 Comment

Big Sh-tpile Just Keeps Rolling Allonge

SEE WHAT I DID THERE? Perhaps not, because you might not be familiar with allonges. An allonge is an additional document that allows additional signatures to be attached to a document. Boring. Unless you’re bundling mortgages. Then it’s very exciting! … Continue reading

Posted in Bidness, Big Shitpile | 2 Comments

Apparently, Shared Sacrifice Means Sixteen Cents on the Dollar

I have no idea what these retirees are supposed to do (boldface mine): Allen and his colleagues are among 30,000 Detroit city workers, past and present, who are about to learn what will happen to their pensions and healthcare if … Continue reading

Posted in Basic Human Decency, Big Shitpile | 2 Comments