Month: January 2010

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economy

The Two Faces of Mortgage Debt – “Return to Creditor”

January 25, 2010 Comments Off on The Two Faces of Mortgage Debt – “Return to Creditor”
Return to Creditor There is an interesting headline in today’s (1/25/10) New York Times, “Huge Housing Complex in N.Y. Returned to Creditors”. This article reports that Tishman Speyer Properties and BlackRock Realty defaulted (welched?) on their debt obligations of $3 billion for their 2006 purchase of the Stuyvesant Town/Peter Cooper --->> read more -->>
economy

How Did We Come To Consider Corporations to Be Natural Persons? – What To Do Next?

January 25, 2010 Comments Off on How Did We Come To Consider Corporations to Be Natural Persons? – What To Do Next?
This week’s decision by the US Supreme Court to allow corporations, including unions, to hold full rights to free speech and political action under the First Amendment to the Constitution once again reminds me of the strange practical and ethical relationship we have with corporations. In the 1886 ruling, Santa --->> read more -->>
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economy

Controlling Gambling by Wall St. and the Big Banks – Bad for Business?

January 22, 2010 Comments Off on Controlling Gambling by Wall St. and the Big Banks – Bad for Business?
Anti-Wall St Does Not Mean Anti-Business President Obama’s proposals to break up the “too large to fail” mega banks and otherwise reapply the Glass Steagall Act to the financial sector has predictably brought loud complaints that this is populist and anti-business. Even the rhetoric of the reporters and expert talking --->> read more -->>