DOJ & Taxes:
Some of my weekend reading had to do with our tax system.  First, did you know that it is totally voluntary?  According to the Tax Division of the USDOJ web site it is!  Straight from their web site:
The Tax Division’s mission is to enforce the nation’s tax laws fully, fairly, and consistently, through [...]

Richard Benson has a great article, “The Housing Tsunami’s Second Wave“, about the second wave of mortgages that are to default.  Below are a couple of things I found interesting in his article that I’d like to point out.
The plan by Fannie Mae & and Freddie Mac to refinance loans up to 125 percent LTV [...]

One of my favorite economists Peter Schiff just published his most recent episode of his show “Wall Street Unspun”!  I haven’t had a chance to listen to it yet.  When I do I’ll try and update the post to summarize it since it’s about 50 minutes long.

I’ve seen Max Kaiser before when he was debating some establishment banker/economic guy.  Max came off as crazy because it seemed that he couldn’t believe the garbage that was coming out of this guys mouth that he was debating.  Honestly, the establishment guy was spouting the normal “party line” junk that has gotten us into [...]