1 of 212

Tag Archives: Real Estate

Company Colludes with Calif. City Government, Rips Off Taxpayers

Providing some relief to underwater homeowners seems like a reasonable thing to do. But using eminent domain to seize mortgages (which likely is unconstitutional – but hey who knows anymore) and then refinancing them through a politically connected company with long tentacles in California and national government isn’t right.

Read More

Whom Does the Beach House Bailout Benefit? Hedge Funds, Venezuelan Expats, Russian Oligarchs

The bailouts have benefited those closest to the fiat money spigots. Those in banking and in government around the world have seen their wealth rocket up thanks to loose money from the central banks. Times have been very good for the connected, and they’re buying mansions hand over fist in South Florida turning that fiat money into little pieces of coconut palm lined paradise.

Now comes a new bailout for our lucky friends who may not now have to pay market rates for insurance premiums. In Florida and many other places this is serious money, which will soon be the responsibility of the US taxpayer.

Read More

1 of 212