Category: Living

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Banks Play the Foreclosure Blame Game

Big business plays the kind of blame game that makes four year-olds crying “He made me do it!” seemingly mature. So, I’m not surprised that yesterday before the US Senate Committee on Banking, House & Urban Affairs, Bank of America’s Barbara Desoer blamed investors for the financial institution’s inability to modify more mortgages. It’s not her fault!—she claims. She makes a strange distinction between investors and shareholders, in the process casting blame as misdirection from a much larger problem: Banks and other lenders mishandling mortgage/foreclosure paperwork.

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Should Barack Obama Bail Out Americans?

My answer is yes. Artificially created debt is cholesterol clogging the arteries of consumer spending. The economy that created the debt is gone. Only by surgically removing debt can Americans freely spend, thus pumping fresh blood to the heart of the U.S. economy. But, hey, I’m no economist, although in 2005 I rightly predicted the housing bubble’s collapse and much of the aftermath. Surely such insight is worth something.

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Mama Knows Where to Get the Goods

What a simply smart idea—set up outside the grocery store and collect food donations for the needy. September 5, 2010, I spotted Mama’s Pantry in front of Ralph’s supermarket in San Diego, Calif.’s Hillcrest neighborhood. on. The concept of fundraising food shoppers is so mind-boggling sensible, it’s stunning more charities don’t go to the food source—the local market.