by Karl Fitzgerald | Mar 25, 2009 | Commentary
photo credit: country_boy_shane At least Timothy Geithner is showing a little spunk with his new shared equity plan. The government puts in effectively 93%, and the lucky bankers chosen put in just 7%. How does it work? Both the government and the bankers put in 7%...
by Karl Fitzgerald | Mar 24, 2009 | Articles, Commentary
photo credit: zachstern Thanks to the many links within Steve Spadijer’s well researched article on a Betterment Levy, we bring to your attention this insightful piece from Time Magazine 1973, The New American Land Rush: On Maine’s Moosehead Lake—frigid in...
by Karl Fitzgerald | Mar 23, 2009 | Commentary
photo credit: Roger Lynn The Age today ramps up the property lobby’s annual war against contributing to society in Land tax hike to hit tenants Knight Frank managing director Paul Burns said landlords had been complaining about their 2009 land tax bills, and...
by Karl Fitzgerald | Mar 19, 2009 | Articles, Commentary
photo credit: Mike Licht, NotionsCapital.com Michael Hudson It may seem odd, but the public outrage against $135 million in AIG bonuses is a godsend to Wall Street, AID scoundrels included. How can the media be so preoccupied with the discovery that there is...
by Karl Fitzgerald | Mar 18, 2009 | Commentary
photo credit: eb0la Will the FHOG save the housing market? A new report raises fresh doubts: THE Australian housing market is facing the prospect of a “perfect storm” of financial pressures, including high mortgage debt, overvalued homes and rising...