Food – 2 part series:       The Real Crisis is About to Unfold… and It’s Not Financial Pt. 1 – The real crisis is coming… and it’s coming fast.  Indeed, it started last year, almost entirely off the radar of the American public. While all eyes were glued to the [...]

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  Why Restarting Securitization is Necessary – Gary Greenberg – Why Is Securitization Necessary?  The world has been without a functioning securitization market since the summer of 2007. During this period, world industrial production has closely tracked the decline of the 1930s fall. … While that may appear at first [...]

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    5 rules for the empty home next door – By Margarette Burnette – Bankrate.com ———— Freddie Mac May portfolio shrank annualized 9.9 pct – … also … Delinquencies, which increase stress on the company’s capital, jumped to 2.62 percent of its book of business in May [...]

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I tried to find some jokes about state budgets, but was unsuccessful. They are simply not a laughing matter. Perhaps even as large a problem as credit card defaults, or commercial loans, both of which may require government bail outs, by the end of this month 19 states have to approve their fiscal 2010 budgets, [...]

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