If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!One of the greatest culprits for serious debt problems are credit cards. Obviously it is our bad use or management of credit cards that causes the debt problems, you can’t blame a gun for what its owner does with [...]
Despite the governments efforts to provide loan modifications for individuals and families in financial difficulties that are at risk of foreclosing on their loans the mortgage aid seems to be moving too slow for all the families to benefit from it.
This has made many experts to question why banks are moving so slowly to take [...]
Common pitfalls of debt consolidation you must avoid.
Getting into debt is not something we like to make a habit of. We are therefore not always prepared to deal with serious debt and more importantly how to get out it. Unfortunately there are many companies that make a business out of taking advantage of people in [...]
Relief at the end of the tunnel of debt.
Those of us that have been or are in serious debt understand how horrible it is, the terrible feeling of being trapped by debt with no relief in sight. Debt leads to bad credit which leads to bad loans which further immerse you in debt.
It is like [...]
All this green shoot talk and pronouncements that the worst is over fails to take into account the sorry state of the US consumer. Sure indicators may be turning (are they really?) but the fact remains that the US consumer, the same people responsible for 70% of our nation’s GDP are still in a world [...]
Financial Times - Tarp maths
Huffington Post - Paralytic Debt Poisoning
Huffington Post - Dems Investigating Bush Administration Role In AIG Collapse
MISH’S Global Economic Trend Analysis – More Ugly Details Emerge On “Geithner’s Heist America Plan”
Housing Wire - TARP Exodus Begins; Four Firms Repay Funds
Huffington Post - Paul Krugman: Stimulus Too Small, Second Package Likely (VIDEO)
The Big Picture - Inside the Meltdown
Deal Journal - Bailout Q&A: Fix Regulators, Liquidate Fannie and Freddie?
ML-Implode - Taylor, Bean & Whitaker Knock Themselves Out (of TPO)
Mortgage Insider - Should Obama slash debt of struggling homeowners?
Finally something that we can all get behind: Don’t pay your bills. It’s not my idea, although it has appeal. It’s the Fed’s and it’s the cornerstone of the new Homeownership Preservation Policy. To qualify for aid, the homeowner must be at least 60 days past due on his or her mortgage payments. (This program [...]
Another guest post from MG Dungan who went from Wharton to Wall St. to real estate to Blown Mortgage.
It?s going to be all lawsuits all the time, as filings and indictments come fast and furious after January 20. In fact, a number are in the works already.
From the perspective of Wall St. crime, it will [...]
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