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I had hoped he would resign and join the Ron Paul Revolution. However, he has resigned to head the Peterson Foundation. Peter G. Peterson (81) had endorsed McCain and that he is a past Chairman of the CFR.
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David Walker, comptroller general of the U.S., totaled up our government's income, liabilities and future obligations. He concluded the numbers don't add up. Steve Kroft reports for 60 Minutes... {I think it's worse than reported}
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Regulators are trying to punish Wall Street for mortgage finance practices that expanded home ownership and spread risk among a host of new players — but also may have duped borrowers and investors who supplied cash to fuel a housing boom that's
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The pamphlet repackages ideas Clinton has already proposed, such as a 90-day moratorium on foreclosures of subprime mortgages, removing tax breaks for oil companies, investing in clean energy programs, putting new restrictions on credit card companie
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A very good simple explanation on the "how". We'll have to wait for the "why" in part two.
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One day, gold will be sold off... Analysts will warn that longs are cashing in...followed by a mass liquidation that will send gold back down to the low $800s. And yet the next day...
One day, gold will be sold off... Analysts will warn that longs are cashing in...followed by a mass liquidation that will send gold back down to the low $800s. And yet the next day...
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Sometimes the heat, lights and water are still working. "That's what you call convenient," said James Bertan, 41, an ex-convict and self-described "bando," or someone who [squats] lives in abandoned houses.
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As productivity abroad rises, US manufacturing is competing by trimming workers and wages.
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One reason might be that Georgia led the nation in Interest Only loans. Another might be that lenders are able to foreclose quicker in Georgia.
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Amount that was owed on the property– $285,918 [MLS# 2935822] The home is currently listed for sale at $190,890. That would be a 33% haircut- if it sold at list, which isn’t going to happen.
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"We are in a historic housing bust comparable to that of the Great Depression. Prior to the Depression housing prices only rose 19% (between 1921 to 1925) and then fell 30%"....
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"We are in a historic housing bust comparable to that of the Great Depression. Prior to the Depression housing prices only rose 19% (between 1921 to 1925) and then fell 30%
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Farm Wars
Why would sane people willingly go to one of the numerous FEMA camps that exist across the U.S.? Answer: Because they are starving, have lost their homes, have no employment prospects, and literally have nowhere else to go.
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Among businesspeople, bankers, and investors, there is a growing fear that the economy is headed towards recession or already in one. But that alone is not the source of worry. After all, an economy if left alone to function in freedom can recover.
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Were the historical pattern to repeat, real house prices will not again reach the '04-'06 peak until the mid- to late '20s or perhaps even later.
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"The sentiment index has only been this low during the recessions of the mid 1970s, the early 1980s and the early 1990s," survey director Richard Curtin said in a statement.
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Ron Insana said, "I am going out on a limb here Maria, I think this credit crisis is viral and it's spreading quickly in all corners of the credit markets".
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Ron Insana said, "I am going out on a limb here Maria, I think this credit crisis is viral and it's spreading quickly in all corners of the credit markets".
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Sacramento County's median sales prices for all new and existing homes are down 26.8 percent from January 2007.
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This is not about "refinancing troubled borrowers." This is about getting bad loans off of lender’s books and having Uncle Sam [and taxpayers] to pick up the tab.
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Bay area sales plunged below 4,000 transactions for the first time in over 20 years last month as the market remained hamstrung by the credit crunch and uncertainty among buyers, sellers and lenders.
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Foreclosure sales, auctions that are typically won by the lender of the mortgage, hit 2,813 properties in January, up 475 percent from the same time a year ago....
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Rates on $100 million of bonds sold by the Port Authority of New York and New Jersey, with bidding run by Goldman, soared to 20 percent yesterday from 4.3 percent a week ago....
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The reason for the failures is that the broker dealer refused to put up their own capitol to complete the auction. This is an indication of extreme fear or perhaps worse, a lack of investment capitol....
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Prices fell in 77 of 150 metropolitan areas, the most since the group began tracking values in 1979. The decline was 10 percent or more in 16 metro areas, the association said.
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For the next decade, retailers are not going to have to open a brand new store because there's going to be so many empty ones that need to be filled.
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The key point in this mess, not even mentioned in the article, is the domino effect. Anyone who purchased a unit and has closed on it is now trapped. There is no one to sell to because no financing is available.
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The key point in this mess, not even mentioned in the article, is the domino effect. Anyone who purchased a unit and has closed on it is now trapped. There is no one to sell to becouse no financing is available.
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D.R. Horton has announced unheard of savings of up to 50% off on a variety of homes at 23 participating neighborhoods throughout Southern California on February 16 and again on February 23.
