Author Archives: Danielle Park

Mortgage madness continues: 3% down, risk backed by taxpayers

“Low risk for the bank”…well with taxpayers underwriting the risk of capital loss, and bank bailouts and social payments to families when credit busts, recessions, job losses and foreclosures wreck havoc, and bank executives getting to sell junk, commit fraud, … Continue reading →

Posted in Main Page | Comments Off on Mortgage madness continues: 3% down, risk backed by taxpayers

Environment Canada: oilsands huge source of air pollution

Now that the old conservative government is no longer gagging our scientists, we get a new non-shocking report from Environment Canada.  The finding: Alberta’s oilsands industry is one of the biggest sources in North America of harmful air pollutants called … Continue reading →

Posted in Main Page | Comments Off on Environment Canada: oilsands huge source of air pollution

The Fed-induced savings bust

Excellent piece from John Hussman this week.  Read  The coming Fed-induced pension bust: “We strongly encourage investors to continue to save in a disciplined way, but nothing forces investors to allocate these funds to speculative asset classes.”  Unbiased, informed, commonsense, … Continue reading →

Posted in Main Page | Comments Off on The Fed-induced savings bust