Good Bye Hostess

| November 22, 2012

There are indications that union bosses are very perplexed at union workers over this decision…. Hostess will start selling off the rights to Twinkies, Ding Dongs and other baked brands after a federal bankruptcy judge on Wednesday approved its plan for an “orderly wind-down.” On Wednesday, the day before Thanksgiving, Hostess Chief Executive Gregory Rayburn […]

Eminent Domain For Underwater Mortgages Is A Very Bad Idea

| June 29, 2012

The use of Eminent Domain to rewrite underwater mortgages would be catastrophic to the future of the housing industry.  It would guarantee that private capital would have no interest in writing future loans for property that could be seized.  Any idea that has no homeowner skin in the game should be dead on arrival! Officials in San Bernardino […]

Many Pension Plans Are Buried In A Constant State Of Unrealistic Optimisom – But Now They Need To Get Real!

| April 10, 2012

So…the real question is how do we fix this?  As an example, Safeway faces shortfalls larger than its entire market cap, and they’re not alone in this mess. The latest data, from 2009, from the PBGC showed that these multi-employer plans were 48% underfunded with $331bn of assets to support $686bn of liabilities – and it […]

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