Michigan Treasury

Michigan Treasury Shakes Google Down For $3.1 Million “Assessment”

Michigan Treasury Shakes Down Google Like Gangsters If you have ever had the misfortune of owning in a business in Michigan, you know that dealing with the Michigan Treasury is like being inLynch-directed directed episode of The Sopranos. The Michigan Department of Treasury does what they call an “assessment” to determine how much you as […]

Kevyn Orr

Detroit’s New Financial Manager Kevyn Orr Denies Being A Tax Cheat

Did Kevyn Orr Destroy His Chances Of Being The “Savior Of Detroit”? For those who missed it last night, Chad Livengood at the Detroit News posted a great piece about how the newly appointed Emergency Financial Manager Kevyn Orr denied being a “tax cheat” but during the interview, he may have actually dug himself deeper into […]

Brooklyn Ponzi Scheme

LIBOR Rigging & Complex Derivatives By UBS Contributed To Detroit’s Demise

UBS, BofA, and JPMorgan Pocketed $474 Million As Detroit Descended Into Financial Chaos By LIBOR Rigging   “Even in the worst of times someone turns a profit.” – Ferengi Rule of Acquisition #162 As the downtrodden African-Americans and whites who make up what’s left of the City of Detroit’s 700,000 resident are about to have their fundamental human […]

Goldman Sachs’ Lobbyist Hires Former Nude Centerfold Turned U.S. Senator

Former Nude Centerfold & Half-Term Wonder Scott Brown Hired By Nixon Peabody LLP   Yes, it’s true.  Scott Brown, the man Forbes magazine called Wall Street’s favorite congressman has new job as legal counsel for international law firm and high power lobbyist Nixon Peabody. In the three years, Scott Brown was in the U.S. Senate, […]

FHFA Says Their Market Manipulation Scheme Is Working

Steve Dibert, MFI-Miami The online housing site, Housing Wire cited a report yesterday from FHFA indicating that housing values have increased by 1.4% for the fourth quarter of 2012 and up 5.5% from the fourth quarter of 2011. As anyone who does real estate investing can tell you, this is not a big surprise since for […]

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