Shift Happens
Beyond the housing bubble, beyond the economy, beyond the wars...Something big is going on and it will affect you in your lifetime.
Dr. David Ray Griffin: Myth vs. Reality
Listen to this very thoughtful, logical and rational presentation, by Dr. Griffin, then look at the reaction by the masses in response to a question about the issue here.
Alan Dershowitz Responds to 9/11 Truth Question
So - this is what we're up against. From the reaction of the crowd, it looks pretty bad. But remember the three stages of truth: During the first stage, the issue goes unnoticed and is ignored. The second stage is characterized by a period of vehement denial. The third stage witnesses the the truth about the issue being recognized as self evident.
This crowd is clearly is stage two. Many Americans are still in stage one. Someone like David Ray Griffin is doing his best to see that we all get to stage three. It would be very interesting to see a debate between Dershowitz and Griffin. See Griffins very thoughtful presentation here.
Do You Know What It Means, To Miss New Orleans?
This is not the montage from the Spike Lee movie, but the song is the same, and you get the idea.
Housing Boom Over: Mortgage Defaults Start to Spread
From the Wall Street Journal:
Continue reading about the housing bust here...
The mortgage market has been roiled by a sharp increase in bad loans made to borrowers with weak credit. Now there are signs that the pain is spreading upward.
At issue are mortgages made to people who fall in the gray area between "prime" (borrowers considered the best credit risks) and "subprime" (borrowers considered the greatest credit risks). A record $400 billion of these midlevel loans -- which are known in the industry as "Alt-A" mortgages -- were originated last year, up from $85 billion in 2003, according to Inside Mortgage Finance, a trade publication. Alt-A loans accounted for roughly 16% of mortgage originations last year and subprime loans an additional 24%.
Continue reading about the housing bust here...
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