The Area Under the Curve

SUBHEAD: We have never faced the stark reality of a net energy decline before in history. Now we are.By George Mobus on 7 March 2011 in Question Everything - (http://questioneverything.typepad.com/question_everything/2011/03/its-the-area-under-the-curve.html)Image above: An ocean whirlpool. From (http://www.unoriginal.co.uk/gallerymisc58.html).Oil Prices and the EconomyThe punch line comes

Another Big Ugly Thing is Here!

SUBHEAD: Koloa Landing opens Phase One of residential resort with less than 50% units sold in range between $1 - $2 million.By Juan Wilson on 16 January 2011 -Image above: Soggy lawn on a rainy day a Koloa Landing. From TGI article below.Koloa Landing Phase One is one of only a couple of massive development projects that targeted Poipu/Koloa and survived the financial crisis in 2008. At one point

Crucial court loss for banks

SUBHEAD: Massachusetts Superior Court hands foreclosure loss to U.S. Bancorp and Wells Fargo.By John Weidlich on 7 January 2011 for Bloomberg News -(http://www.bloomberg.com/news/2011-01-07/us-bancorp-wells-fargo-lose-pivotal-massachusetts-foreclosure-case.html)Image above: Office of Wells Fargo Bank. From (http://www.washingtontimes.com/news/2009/jan/29/madoff-cost-wells-fargo-millions/).U.S.

Is Bank of America Doomed?

SUBHEAD: BOA & Countrywide mortgage policies of retaining loan documents may yet bankrupt the bank.Image above: Homeowners threatened by BOA foreclosures in Worceestor, MA. From (http://worcester.indymedia.org/node/39604).By Abagail Field on 22 November 2010 in AOL Daily Finance - (http://www.dailyfinance.com/story/credit/bank-of-america-mortgage-document-errors-trouble-countrywide/19728402/)

The Mortgage Wars

War breaks out today within the banking industry over the mortgage fiasco.Image above: Vanilla iced flat cake with Countrywide logo emblazoned with the words "America's #1 Wholesale Lender" and "One source. Countless solutions. One loan at a time." From (http://acutemigraine.info/countrywide.html).By Staff on 19 October 2010 for CNBC -(http://www.cnbc.com//id/39745128)The New York Federal Reserve