Category Archives: Big Shitpile

The Aftermath of Big Sh-tpile and the Slow-Motion Collapse of the Rule of Law

The failure of the elites.
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Posted in Bidness, Big Shitpile, Housing, The Rule of Law | 6 Comments

Did I Mention Something About the Foreclosure Foulups?

Why, yes, I did. This strikes at the heart of property law, a law those who run corporations believed they didn’t have to honor.
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Posted in Bidness, Big Shitpile, Housing

Cramdown and Why We Need Managed Default

We’re going to ‘deleverage’, the question is, will it be a controlled or crash landing?
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Posted in Big Shitpile, Housing | 3 Comments

A ‘Balance Sheet’ Recession or an Unemployment-Based One?

What we should be worrying about is unemployment, not account balances.
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Posted in Big Shitpile, Economics, Healthcare | 4 Comments

MERS and the Potential for Real Judicial Activism

Judges could seriously gum up the foreclosure works.
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Posted in Big Shitpile, Housing

Treasury Admits HAMP Was a Banker ‘Bust Out’

There are going to be millions of middle-class people who will hate Democrats because of this lousy, indefensible back-door assist to banks and wealthy property owners.
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Posted in Bidness, Big Shitpile, Housing | 3 Comments

Update on Suckers and Strategic Default

“[The wealthy] clearly regard the odds of legal action as low.”
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Posted in Bidness, Big Shitpile, Ethics

Not Walking Away from Underwater Mortgage Is for Suckers-and People Who Aren’t Rich

High income households are more likely to strategically default.
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Posted in Bidness, Big Shitpile | 17 Comments

Digby Closes the Circle on ‘Fiscal Austerity’

We have a very difficult political problem: deficit spending helped get us into this mess, yet fiscally responsible deficit spending is the only way out of what was once considered near-catastrophic unemployment.
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Posted in Big Shitpile, Economics | 3 Comments

The Human Genome Project: What Happens When You Do Budget-Limited Science (or You Get What You Pay For)

The Human Genome Project: you get what you pay for.
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Posted in Big Shitpile, Economics, Genomics, Microbiome | 2 Comments