Archive for 'bubble' Category
NAFTA-GATE The mortgage meltdown is a by product of many different unsavory things. One of them is the effect of NAFTA and our complete lack of control over our borders which has suddenly sliced into the ability of middle-class to keep their job, get a job or earn enough to pay the mortgage and other […]
By Gail Liberman and Alan Lavine Last update: 7:33 p.m. EST March 5, 2008 PALM BEACH GARDENS, Fla. (MarketWatch) — Get out an extra-powerful magnifying glass if you’re trying to learn what fees you’ll be charged once you open a checking or savings account. A U.S. Government Accountability Office report released this week says getting […]
The problem for homeowners is that however many ideas are put forward they won’t be effective in time to save most people, they won’t be in time to save the economy, and they won’t be in time to save our currency from further wrenching devaluation. It is the fierce urgency of now that cannot even […]
[Code of Federal Regulations] [Title 12, Volume 3] [Revised as of January 1, 2007] From the U.S. Government Printing Office via GPO Access [CITE: 12CFR226.4] [Page 269-271] TITLE 12–BANKS AND BANKING CHAPTER II–FEDERAL […]
Here is where you can make some headway and push back against the lender. Taken from Bankersonline.com. Show this to your attorney but make absolutely certain he/she knows about this or the mistakes mentioned in the article will be repeated. respa-permitted-fees We have names of attorneys and auditors who do this for a living. ACTION […]
Question the fees, and demand proof that they own the mortgage. If they don’t they might not have the right to collect from you. They have to show a proper assignment, not just tell you about it. If they don’t have the right to collect it because they sold it someone else, then they might […]
What we know is that nothing constructive is happening now, the usual ideological gridlock is preventing progress, and that the curiosity about a brilliant new face might just get the right people to the right table at the right time. Bernanke is completely right that the ONLY way out of this mess is not throwing […]
Here is Martin Wolf’s column: Martin Wolf America’s economy risks mother of all meltdowns February 20, 2008, Financial Times Recently, Professor Roubini’s scenarios have been dire enough to make the flesh creep. But his thinking deserves to be taken seriously. He first predicted a US recession in July 2006*. At that time, his view was […]
Obama’s message of inclusion and practicality presents a fresh face and a valid approach. He seeks commonality rather than differences and guides the process toward a consensus rather than either force-feeding poorly vetted solutions or stonewalling perfectly workable solutions. Neither his presence nor his approach create knee jerk ideological objections in most circles. He presents […]
The continuing decline of the U.S. dollar will only hurt you if you are holding U.S. dollars — NOT so much if you are holding real estate — i.e, your home. Before you go overboard in panic mode, consider this, and hope…. The mortgage meltdown free money craze may have pulled the trigger, but the […]
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