Category Archives: 2) Overshoot

The polycrisis/overshoot, collapse of the financial system, breakdown of supply chains, blackouts, end of being able to make computer chips, and so on are symptoms of the underlying cause: peak energy and peak everything, especially peak diesel since trucks, rail, and ships make this one-time only fossil fueled civilization possible. Wind, solar, nuclear, and so on also need fossil fuels for every single step of their life cycle, so that is a dead end. It is back to before the 15th century — wood world. Whether the house of cards collapses from chokepoints in the middle east such as the Suez canal, the financial shock of a natural disaster or from debt and corruption, Export Land Model, or nuclear war — there is certain to be a series of dislocations that ultimately bring population down to 400 million (population before fossil fuels) or less (due to overshoot factors such as top soil erosion, pollution, etc) Let’s hope there are some islands of sanity and that you are living on one of them!

Mortgage Scams: Kickbacks, Modification, etc

Posted on April 12, 2014 by

Nov 7 2013 CFPB Takes Action Against Castle & Cooke For Steering Consumers Into Costlier Mortgages. Company to Pay $9 Million in Restitution and $4 Million in Civil Penalties Oct 24 2013 CFPB Files Suit Against Borders & Borders, PLC … Continue reading →

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Discriminatory Mortgages $35 million fines

Posted on April 12, 2014 by

Dec 23 2013 CFPB and DOJ Take Action Against National City Bank for Discriminatory Mortgage Pricing Harmed African-American and Hispanic Borrowers Will Receive $35 Million in Restitution WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) and the Department … Continue reading →

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Auto Loan Scams

Posted on April 12, 2014 by

Dec 20 2013 CFPB and DOJ Order Ally to Pay $80 Million to Consumers Harmed by Discriminatory Auto Loan Pricing   Ally to Pay Additional $18 Million in Civil Penalties for Harming More Than 235,000 Minority Borrowers Jun 27 2013 … Continue reading →

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CFPB Sues For-Profit College Chain ITT For Predatory Lending

Posted on April 12, 2014 by

Feb 26 2014 CFPB Sues For-Profit College Chain ITT For Predatory Lending ITT Pushed Consumers into High-Cost Student Loans Likely to Fail WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against ITT Educational Services, Inc., … Continue reading →

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Consumers Report Being Hounded About Debts Not Owed

Posted on April 12, 2014 by

Mar 20 2014 Consumers Report Being Hounded About Debts Not Owed Top Debt Collection Complaints Also Include Aggressive Communication Tactics and Threatening Illegal Actions WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a report on the more … Continue reading →

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$2 Billion to Homeowners for servicing wrongs

Posted on April 12, 2014 by

Dec 19 2013 CFPB, State Authorities Order Ocwen to Provide $2 Billion in Relief to Homeowners for Servicing Wrongs Largest Nonbank Servicer Will Also Refund $125 Million to Foreclosure Victims and Adhere to Significant New Homeowner Protections WASHINGTON, D.C. — … Continue reading →

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Payday Loans

Posted on April 12, 2014 by

Mar 25 2014 CFPB Finds Four Out Of Five Payday Loans Are Rolled Over Or Renewed Research Shows the Majority of Payday Loans Are Made to Borrowers Caught in a Revolving Door of Debt WASHINGTON, D.C. — Today, the Consumer … Continue reading →

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Credit Card Fraud

Posted on April 12, 2014 by

Banks fined $1.66 Billion for illegal credit card practices that ripped off over 10 million customers Bank of America will refund up to 2.9 million customers $727 million plus pay $45 million in fines for illegal credit card practices such … Continue reading →

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Who lives, who dies in a never-ending energy crisis. Book review of Nothing to Envy. Ordinary Lives in North Korea

Posted on April 6, 2014 by

Preface. Much of this post comes from Barbara Demick’s 2010 “Nothing to Envy. Ordinary lives in North Korea”.  But first I summarize why and how energy shortages led to the hardships chronicled in this book. Related Posts: North Korea collapse … Continue reading →

Posted in Agriculture, Energy Books, North Korea, Oil shock collapse | Tagged , | 1 Comment

The Fall of AIG

Posted on April 5, 2014 by

2 articles below: March 18, 2009  The Real AIG Scandal by Eliot Spitzer slate.com It’s not the bonuses. It’s that AIG’s counterparties are getting paid back in full. Everybody is rushing to condemn AIG’s bonuses, but this simple scandal is … Continue reading →

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