Mike the Mad Biologist

Archives for October, 2009

“The Dog Ate Your Mortgage”

That’s a great phrase that the NY Times headlined Gretchen Morgensen’s article about judges who are backing borrowers when the mortgage documentation is non-existent (and you heard it first from the Mad Biologist). I know I’m beating this to death (a bit, anyway), but the potential for billions, many billions of dollars of housing loans…

One More Reason to Despise Banks

Because people who pay what they owe on time hate America. Or something. Several banks–notably the ones whose asses we bailed out–plan on charging fees to cardholders who either pay off their balances on time or who don’t use them very often:

While I’m glad we will spend more money on medical research in 2010 (although what about basic research? It needs help too.), until he confronts the massive amount of defense spending in the U.S.–$872 billion proposed for 2010 ($133 billion of which is for the Afghanistan and Iraqi wars)–it will be very hard to get…

For anything? Excluding very rare norovirus outbreaks, I can’t remember ever reading about school absentee rates like these from Grafton, MA: Grafton High School closed early today after more than a third of its students and more than a quarter of its staff stayed home sick. It is the only school in the state to…

Saturday Links

Links for a rainy weekend. Science:

…Big Shitpile is looking more and more shitty. Last week, I wrote about how the dissolution of the bond between lenders and borrowers could lead to a home owner debtors’ revolt. One of the key issues is that, when mortgages are bundled and sold to other parties, such as investment banks, the mortgage assignments are…

Friday Links

Merry Friday. Some links for you. TEH SCIENCISMZ!!:

So Why Is the Cost of College Rising?

At the risk of channeling my inner Bob Somerby, it seems that, in this fairly comprehensive NY Times article about the rising costs of college, there isn’t any discussion about why these costs are spiraling. If it’s a fixed cost, such as guaranteed faculty salary increases (snort), then that implies one solution. If it’s a…

Maha Needs Your Help

Blogger Maha is one of my favorite political bloggers. She brings a unique perspective to politics, and her background is really interesting. Recently, like a lot of people, her income has been hit (although it seems to have bounced back a bit). Nonetheless, her co-op association is jerking her around, and essentially trying to steal…

Rape Is a Pre-Existing Medical Condition

This is why private insurance companies should die–or, at the very least, no American should be forced to give these parasites his or her money: Christina Turner feared that she might have been sexually assaulted after two men slipped her a knockout drug. She thought she was taking proper precautions when her doctor prescribed a…