Category Archives: Big Shitpile

How To Betray The Resistance

Posted on November 23, 2017 by mikethemadbiologist

This is yet another reason why this ‘Old Democrat’ has trust issues with the New Democrats (boldface mine): In the wake of the Equifax scandal, Congress has been under pressure to act. But the price of modest reforms in Washington … Continue reading →

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Hagiography Gone Wrong

Posted on December 21, 2016 by mikethemadbiologist

When historians look back and wonder how we got into this shitty mess (assuming there are still historians), there will be one thing Obama did very, very wrong. It wasn’t healthcare, though maybe next time, Democrats should design a program … Continue reading →

Posted in Big Shitpile, Democrats | 5 Comments

Median and Marginal Voters: When Good People Get Conned

Posted on December 4, 2016 by mikethemadbiologist

Before Il Trumpe has been annointed, there’s already a spate of stories about people who are disgusted by Trump’s nominee for Treasury Secretary, Steven Mnuchin, who like many bank CEOs profited by foreclosing on people’s homes (often fraudulently or over … Continue reading →

Posted in Bidness, Big Shitpile, Democrats | 3 Comments

The Problem Is Not One Of ‘Tone-Deafness’

Posted on October 19, 2016 by mikethemadbiologist

David Dayen, whom progressives usually like unless he’s criticizing Clinton, in which case he is TEH SUXXORS (as the kids used to say), notes the following about speeches she gave to various investment banks (boldface mine): Far from chiding Goldman … Continue reading →

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

Posted on October 21, 2015 by mikethemadbiologist

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 →

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

Posted on October 1, 2015 by mikethemadbiologist

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

Posted on March 7, 2015 by mikethemadbiologist

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 →

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The Limits of Green Lanternism As an Excuse

Posted on February 22, 2015 by mikethemadbiologist

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

Posted on July 13, 2014 by mikethemadbiologist

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 →

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Big Sh-tpile Just Keeps Rolling Allonge

Posted on March 13, 2014 by mikethemadbiologist

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