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Why Banks Fail
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Why do banks fail? Open discussion about the current economic situation
Recent Posts Tagged With 'Personal'
New Mortgages Not Helping Homeowners
Boston.com posted an article today, Reworked mortgages not working, about how more than half of delinquent borrowers who had their mortgages reworked earlier this year to avoid foreclosure were behind on their new loan payments after just six months....
The death of credit. Credit cards reach their limits.
Across the county people are starting to see the effect of the economic down turn. If they have not seen their job disappear they are at least starting to see their credit cards disappear. Credit card companies have over $5 trillion dollars of possib...
Unemployment not a good indicator
Unemployment numbers last week did not look good, 6.7%. The worst part, is that it doesn’t address the full scale of employment issues in our economy. When times are good, if you lose your job, you can sit back and wait a little bit. After...
Homeowners and the future state of the economy
Financial institution around the country have received there hand-out, why not the American Homeowner. After all it is the homeowner that goes out and uses the banks, the credit cards, buys the cars, and generally makes the economy work. If he/she do...
How do the rich make money, and stay rich?
Blogging Stocks has a series of posts by Dan Solin, a personal finance expert, on the secrets of how the rich stay rich. Rich people know the difference between luck and skill Rich people know ‘if it bleeds, it leads’ Rich people know...
The Fed’s Transfer of Wealth, by Edwin Vieira, Jr.
Edwin Vieira, Jr. tells us how the Fed is able to migrate the wealth of society through the banking system. The video is short and informative. Topics covered include: Fractional Reserve Banking Banks don’t have enough reserves to pay back e...
CDO destruction would save banks, unfreeze credit markets, and destroy investors worldwide
Alan Kohler, of Business Spectator, wrote an article A tsunami of hope or terror?. The article covers what will happen if more companies go under. The Breakdown: A synthetic CDO cataclysm could save the global banking system (with horrible consequ...
Government Works on Home Loans, Responsible Homeowners Unhappy
An article posted on Boston Herald called Government steps up home loan help, states that the government is taking broad steps to help troubled homeowners avoid foreclosure. The steps: 1. Mortgage servicers will cut interest rates 2. They will extend...
Where money falls for China’s $586 billion bailout
China had announced their massive $586 billion bailout a few days ago. Where will the money come from? China’s net exports are up, but that doesn’t account for $586 billion worth of cash. China has about $1 trillion of U.S. securitie...
