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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 'mortgage'
Credit Card Crisis — Industry may cut $2 trillion lines
Why Banks Fail reported on credit cards back on October 30, 2008 in Credit Card Crisis — How we will feel it at home. One of the concepts we wanted to be clear, is that all of the banking crisis issues we have been seeing, has mostly affected a...
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...
