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Bad lenders, bad loans
Our vision of the evil banker is one who will not lend, but the real evil mortgage banker is he or she who entices an applicant into signing a note he or she cannot repay, and then exits stage...
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Spain’s Lech Walesa? Part 1, The cost of demotivation
By:David A. Smith When does discontent tip into populist uprising? And what form does that uprising take? In Zimbabwe, evil Robert Mugabe has hung on to his kleptocratic power far longer than I...
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Spain’s Lech Walesa? Part 2, Earnable amnesty
By:David A. Smith [Continued from yesterday’s Part 1.] Yesterday’s post, using as seed an update article from BBC News (February 18, 2014), revisited Spain, more particularly Barcelona and the...
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Spain’s Lech Walesa? Part 3, Political suicide
By:David A. Smith [Continued from yesterday’s Part 2 and the preceding Part 1.] As we saw yesterday and in the preceding Part 1, the Eurozone’s prescribed fiscal stabilization plan, loosely dubbed...
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Spain’s Lech Walesa? Part 4, Europolitical jujitsu
By:David A. Smith [Continued from yesterday’s Part 3 and the preceding Part 1 and Part 2.] Three years in to its ECB-ordered austerity plan, Spain’s economy appears no better off, and its...
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