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The perfect dung storm: Part 3, cleaning up the mucky finances

14 September, 2011 (09:53) | Birmingham, Jefferson County, Municipal finance, Sovereign bankruptcy, Subprime, Theory, US News, Water and sanitation, Workouts |

[Continued from yesterday’s Part 2 and the preceding Part 1.]   By:David A. Smith   Got a big black dog Whose name is Dan Lives in my backyard in Birmingham He is the meanest dog in Alabam’ Get ’em, Dan   Randy Newman, Birmingham   By now, two days into the story, and with only […]

The perfect dung storm: Part 2, messing up the revenue streams

13 September, 2011 (09:47) | Birmingham, Jefferson County, Municipal finance, Sovereign bankruptcy, Subprime, Theory, US News, Water and sanitation |

[Continued from yesterday’s Part 1.]   By:David A. Smith   My daddy was a barber And a most unsightly man He was born in Tuscaloosa But he died right here in Birmingham   Randy Newman, Birmingham   Yesterday’s post introduced the horrible financial crapstorm being endured by Jefferson County, Alabama, whose major city is Birmingham, […]

The perfect dung storm: Part 1, falling into the muck

12 September, 2011 (11:35) | Birmingham, Jefferson County, Municipal finance, Sovereign bankruptcy, Subprime, Theory, US News, Water and sanitation, Workouts |

By: David A. Smith   In terms of being a perfect dung storm (corruption dung, financial dung, political dung, and human dung) nothing in my experience rivals the fiscal catastrophe that is the Birmingham/ Jefferson County sewer mess, a decade-long crapfest that may culminate this Friday, coincident with the finish of this five-part post, with […]

Prove yourself worthy: Part 2, simple economic actions

9 September, 2011 (09:00) | Co-ops, Condo fees, Condominiums, Credit check, Homeowners associations, Income verification, New York City, Theory |

[Continued from yesterday’s Part 1.]   By:David A. Smith   Yesterday we heard stories of procedural torture offered by some condo-buyer applicants who found themselves undergoing grueling examinations of their financial situation:                Now what do I have to do?   The tenor of the New York Times piece reciting their tales of woe fully […]

Prove yourself worthy: Part 1, complicated economic words

8 September, 2011 (09:39) | Co-ops, Condo fees, Condominiums, Credit check, Homeowners associations, Income verification, New York City, Theory |

By:David A. Smith   We bond in tribes, and before we admit the stranger into the tribe, he must undergo a trial – a test both to prove himself worthy in our sight and to demonstrate his commitment to our tribe.    Are you good enough for 215 East 80th Street?   Those who will […]