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Uppity Wisconsin - Progressive Webmasters

« Give Me More Joker and Less Batman | Main | Brett Favre: The Athlete As Hamlet »

July 24, 2008


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There's an attitude by conservatives and the Bush administration that confounds me. If "government is bad," and a waste of taxpayer dollars, why do they depend so much on using it's size and money to help prop up bad corporate management? I've put together a few revealing clips that demonstrates their "tail between their legs" humility when things go bad. Bush on the other hand shows off what he has learned in his 7 years as president with his "down on the ranch" description of Wall Street as "drunk" with a "hangover."


If we were living in any other country than the U.S.A. which rewards serial robbery by the oligarchy, these private industries would have been nationalized. Likewise, the Federal Reserve Bank would have been nationalized. But, with the rotting institution of American Government, being eviscerated by lackey dog politicians of a foul, corrupt cabal of global capitalists, our voting republic is being told stories of a mighty heritage that never was and a thought process that thinks there is nothing better. We receive our abuse and crawl back to a fetid corner and pray for a magic black man to fight our fight.


my name is Anh and for my BA-Thesis I’m currently conducting a study about American Bloggers.

I would like to invite you to participate in the survey.

It will only take about 15 minutes and it’s completely anonymous.
Just visit the following URL:

Even if you don’t want to participate (or are not American), you can help me by posting the link in your blog and/or inviting others to take part.

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Thank you!

Phil Collins

This is the opinion of Robert Sheridan, CEO of Sheridan & Partners, a Chicago real estate & development company. Their site is

Not All Financial Woes Are Created Equal
The failure of Indymac Bank – according to The New York Times the largest lender to fail in more than two decades – can be laid squarely at the feet of the lax (or nearly non-existent) underwriting that is part of (a big part of) the sub-prime mess. The chickens simply came home to roost.

The troubles of Fannie Mae and Freddie Mac are quite different. Freddie and Fannie underwrote loans carefully; their difficulties are a result of the unprecedented decline of home values.

In 2006, going against the conventional wisdom that single-family home prices never decline (they might stop rising for awhile, but they never decline), we predicted that single-family prices could decrease 10 to 20 percent. Painfully, that forecast turned out to be very correct – but also optimistic. We’re in a cycle now in which housing declines already are greater than at any time since the Great Depression of the 30s. And we’re not at the bottom yet.

If you don’t want to be disappointed by housing performance in the near term, disregard forecasts that the bottom is just around the corner – unless that corner is in Timbuktu. The bottom is NOT coming soon. And when it does arrive, it will not be obvious, like the bottom in the chart of the DJIA. The housing “bottom” will become apparent only in the rear-view mirror, when you realize that prices have stopped falling. Don’t expect a sharp rebound.

We will stay at the bottom for quite a while. How long that lasts will vary, as always, market-by-market.

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