Archive for 'bubble' Category
I have two answers for you on the question of fairness. 1. How fair is it, after you have saved and conducted yourself properly and with financial savvy, to see the value of your investment steeply decline as a result of some game Wall Street was playing with the banks? How fair is it that […]
April 6, 2008 FAIR GAME A Road Not Taken by Lenders By GRETCHEN MORGENSON WE’VE all heard a great deal in recent months about the greedy borrowers who caused the subprime mortgage calamity. Hordes of them duped unsuspecting lenders, don’t you know, by falsifying their incomes on loan documents. Now those loans are in default […]
Memo to all Senators, Congressmen and state legislators: The solution proposed by Barney Frank for the Mortgage Meltdown is dead-on right. Suck it up. The disaster that awaits will fall on your record unless EVERYONE gets something they can go home with. Any lender that opposes this is arguing for their own disaster. This […]
Mortgage Meltdown Consequences — New Money, Old Money and New Dynamics — Cashless ATM, “second chance bank accounts” and other services auger well for Small Banks and Credit Unions. The simple fact is that there isn’t any small bank who can’t provide the same services to any type of customers that a large […]
Collateral damage and contributing damage From CNN and NY Times: Loss of jobs means loss of income, loss of tax revenue, increased defaults on home loans, credit cards etc. The downward spiral of economics and the upward spiral of inflation are here. They will continue to feed off of each other. It is political cowardice […]
Healthcare Madness: Stem Cell Furor You must remember the simple American health care formula: if insurance covers it, it gets done. Insurance only covers it if the overall revenue and profit picture for big Pharma and insurance is maintained or enhanced. The big LIE in the United States that we have all subscribed to until […]
U.S. economy in ‘very difficult period,’ Bernanke says By Greg Robb Last update: 9:30 a.m. EDT April 2, 2008 WASHINGTON (MarketWatch) – The outlook for U.S. growth has worsened since January and the possibility of a recession can’t be ruled out, Federal Reserve Chairman Ben Bernanke said Wednesday. “It not appears likely that real gross […]
The answer to our unique American set of issues is not a single issue proposed solution, but a sea change in our premise: either we are a nation of people and laws to protect, defend and promote the health, safety and welfare of all our citizens or we are a vehicle for corporate interests that […]
A helpful article: WASHINGTON (MarketWatch) — For many people, filing for bankruptcy is seen as a scary, worst-case scenario, but consumer advocates say this last resort could be a real help for beleaguered homeowners. There is no shortage of proposals in Congress to address the housing crisis: the Depression-era Federal Housing Administration is up for […]
That’s Trillion with a “T” Most people agree that we can’t correct the problems that are still unfolding unless we admit the severity of the problem. The current estimates of a maximum of $450 billion damage are absolute lies designed to give reassurance to people who could and probably should cut and run. As long […]
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