Category Archives: Big Shitpile

About TARP, It’s Not Inflationary If Banks Do It?

Posted on May 6, 2010 by mikethemadbiologist

Welcome to the world of INIIBDOI.
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Posted in Bidness, Big Shitpile, Economics | 7 Comments

Why I Moved (Some of) My Money to a Community Bank

Posted on March 6, 2010 by mikethemadbiologist

Move your money to a stable local bank.
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Posted in Big Shitpile, Economics | 11 Comments

More on the Potential for Debt Revolt

Posted on February 13, 2010 by mikethemadbiologist

Of course you have to be willing to walk away, otherwise they won’t take you seriously–that’s Negotiation 101.
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Posted in Bidness, Big Shitpile, Housing | 8 Comments

Past Due (and Brad DeLong) on Political Paralysis

Posted on February 7, 2010 by mikethemadbiologist

If you’re looking for a good primer on Big Shitpile and other recent economic events, I highly recommend Peter Goodman’s Past Due: The End of Easy Money and the Renewal of the American Economy.
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Posted in Big Shitpile, Democrats, Economics | 1 Comment

In State of the Union, Obama Advocates Creationist/Flat-Earth Economics

Posted on January 29, 2010 by mikethemadbiologist

Budget freeze, no mortgage cramdown. Yay.
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Posted in Big Shitpile, Democrats, Economics, Taxes | 9 Comments

You Can Walk Away

Posted on January 20, 2010 by mikethemadbiologist

While “home” has a strong romantic pull, ultimately we should remember that the contract is a business deal. And if it’s a bad deal, you have to coldly weigh if you should walk.
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Posted in Big Shitpile, Ethics, Housing | Comments Off on You Can Walk Away

Yes, You Can Walk Away from Your Mortgage

Posted on January 10, 2010 by mikethemadbiologist

“If the Mortgage Bankers Association is against defaults, its members, presumably the experts in such matters, might take better care not to lend people more than their homes are worth.”
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Posted in Bidness, Big Shitpile, Housing | 16 Comments

Irrationality and the False Morality of the Mortgage Contract

Posted on December 29, 2009 by mikethemadbiologist

Caveat mutuor.
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Posted in Big Shitpile, Economics, Housing | 11 Comments

“The Dog Ate Your Mortgage”

Posted on October 26, 2009 by mikethemadbiologist

“…dubious proof-of-ownership tactics may no longer be accepted practice. They may even be viewed as a fraud on the court.”
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Posted in Big Shitpile, Housing | 9 Comments

Mortage Debt Revolt Is Looking More and More Likely, Which Means…

Posted on October 24, 2009 by mikethemadbiologist

Big Sh-tpile is looking more and more sh-tty.
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Posted in Bidness, Big Shitpile, Housing | 7 Comments