- CNNMoney.com's bailout tracker...Oh boy, am I a geek...but this list details all the programs the government has created to attempt to resolve our current fiscal concerns. First time that I've seen a document that corrals them all. Holy tax dollars, Batman!
- It's frustrating, but we are wasting trillions of dollars that could bring enormous relief of suffering, knowledge, productivity, and innovation. So where is that money going? It's being used to defend bondholders of mismanaged financials, and nobody cares because hey, at least the stock market is rallying.
- I remain convinced that mortgage losses will begin to creep higher later this year, surging in mid-2010, remain high through 2011, and finally peak in early 2012. To believe that we are through with this crisis or the associated losses is to completely ignore the overhang of mortgage resets that still remain from the final years of the housing bubble...a long slog ahead. Want proof? Here it is!
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