DO NOT Walk Away From Your Home Submitted by Harry on Thu, 02/21/2008 – 01:38. There are a lot of people out there that are in such dire financial straits that when it comes to their home they might feel the best thing is to just walk away. After having been served with a foreclosure […]

Tags: borrowers, government, lenders, taxes
Posted in bubble, Eviction |

Whether Krugman is right in today’s New York Times, predicting a massive bailout between $450 billion and $3 trillion at taxpayer expenses, or the “free marketers” have their way and let everyone collapse, or some people finally get it and move toward a consensus of policy that forgives everyone their transgressions but keeps them in […]

Tags: borrowers, debt, depression, equity, lenders, recession, risk
Posted in bubble, Eviction |

Mortgage Meltdown: Smoke and Mirrors Bailout It is obvious that the “snooty” U.S. bankers, as the Europeans are openly referring to them, still think the world is stupid. The message is out. A massive fraud has ben perpetrated by creation of complex derivative securities that looked better than they were, were rated better than they […]

Tags: bailout, borrowers, lenders, meltdown, Mortgage, securities, tenants
Posted in Corruption, securities fraud |