Category Archives: Reposession

yet another reason the financial system failed and will continue to do so

Civil Asset Forfeiture: across the nation authorities confiscate cash & homes of innocent people

Taken Under civil forfeiture, Americans who haven’t been charged with wrongdoing can be stripped of their cash, cars, and even homes Is that all we’re losing? by Sarah Stillman August 12, 2013. The New Yorker. Some key points made in … Continue reading

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The repo market was a key reason the meltdown happened

NY Fed’s Dudley Warns that “Firesales” Could Trigger Another Financial Crisis.  Still Broken Five Years Later by Mike Whitney. Feb 21-23, 2014. Counterpunch. “The repo market wasn’t just a part of the meltdown. It was the meltdown.”  – David Weidner, … Continue reading

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