Credit Crisis
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Thursday, October 20th, 2011It’s funny how one thing leads to another. After I posted The Secret of Oz last week, I went to check out Bill Still’s website, The Money Masters. It was there that I saw John Trumam Wolfe’s book, Crisis by Design: The Untold Story of the Global Financial Coup and What You Can Do About [...]
Links of the Day for Wednesday, October 12, 2011
Wednesday, October 12th, 2011A rundown of the changes for the iPhone 4s. Here is Walt Mossberg’s take: We ordered my wife one last weekend. Her other iPhone was the 3Gs and was well over 2-years old. I think she’ll be impressed with the new phone. We shall see. Switching gears to the “Occupy” movement… Here is an interesting [...]
GASP! A Bank Helping Its Customers Avoid Foreclosure
Thursday, September 8th, 2011Read this in this morning’s WSJ: For Lender, Foreclosure Has Become Dirty Word. It’s a nice story. It’s also made possible by the fact that the bank is small and it owns 75% of the mortgages it services. That’s the difference maker.
If You Have Twenty Minutes, Watch This Video…
Tuesday, July 12th, 2011My friend, Kirk Kinder, over at Swim UpStream to Wealth posted this excellent video interview with economist Steve Keen. Good stuff… I do think Professor Keen was too easy on the politicians, who created the incentive for banks to do what they did. Other than that, I can’t disagree with anything else he says.
Brett Arends: The Next, Worse Financial Crisis
Friday, July 8th, 2011Brett Arends has written an interesting article titled The Next, Worse Financial Crisis. I can’t say I follow Brett’s logic in his first point, which is: 1. We are learning the wrong lessons from the last one. Was the housing bubble really caused by Fannie Mae, Freddie Mac, the Community Reinvestment Act, Barney Frank, Bill [...]
Nearly 40% of Those with Home Equity Loans are Underwater
Tuesday, June 7th, 2011Question: When will the housing bad news end? I live in Southeast Texas. We have been pretty sheltered from the housing crisis. That said, housing in our area is moving slowly these days and prices are very soft. Our neighbors across the street put there house on the market in late January at a price [...]
Squatters…
Thursday, June 2nd, 2011I have been busy this week with kid-related stuff. Things should slow down next week. That said… Last night I was reading the WSJ while my daughter took swimming lessons. I want to share with you this snippet from an article I read about how banks were facing foreclosure hurdles. I thought this was ridiculous [...]
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