Macedonian Banks are Safer than West Europe's Banks

By Sam VakninEditor in Chief of Global Politician Even under the best case scenario (in which banks take a 50% haircut on the credits they have extended to profligate Greece, but there is no default) French, Italian, German, and Austrian banks run a collective capital...

Groot Property Group Authorizes to Issue 10 Million Shares

FOR IMMEDIATE RELEASE WINDHOEK, Namibia – October 1, 2011 -- /GPG/ -- Groot Property Group (Pty) Ltd is developing a new township namely, Groot, an upscale multifarious community to be comprised of more than 2,100 commercial retails with light and heavy industrial parks and...

Consumers Will Pay as Durbin Goes Into Effect

Despite the fact that the Durbin Amendment to the Dodd-Frank Financial Reform Act was intended to have the best interest of consumers in mind, it seems like the end result will be instead an increase in the amount of money shoppers will have to shell out when paying for...

Paying On Time Becoming a Daily Trend

This summer had more than its share of economic ups and downs, but many of the major banks reported that most of their consumers continued to make their payments on time. Four of the six largest banks reported that default rates were continuing to fall. American ...

Navigating the Troubled Waters of Short Sales with Smooth Sailing

The real estate market is rife with opportunities for homebuyers and investors alike. Cheap homes and discounted properties abound, and virtually every home sold today is well below its peak asking price –...

Harry Potter Fan? Move Into Author Jk Rowling's Home!

With the recent release of the final movie of the Harry Potter series, The Deathly Hallows Part 2, Harry Potter fanatics may be interested in learning that the childhood home of the incredible author of...

Obama, Unemployment, and the Real Estate Market: What to Expect

As anyone knows, the real estate market has been in a continual slump since 2007, when the historic real estate bubble popped. Since then, prices have plummeted dramatically, from a peak median home price of...

Foreclosure Figures: National Shadow Inventory Worth Hundreds of

Now, new figures reveal just how large the shadow inventory in the foreclosure market is – and what it means for the industry as a whole. According to national credit reporting bureau Equifax, approximately...

Trump Gives Bank of America a Taste of Reality

The property in question was formerly home to Patricia Kluge, who put the property on the market for $48 million last summer. Despite her best efforts, the property remained unsold and entered into foreclosure in...

Money Laundering in A Changed World

By Sam Vaknin Editor in Chief, Global Politician If you shop with a major bank, chances are that all the transactions in your account are scrutinized by AML (Anti Money Laundering) software. Billions of dollars are being invested in these applications. They are supposed to...

Buying a Home? Read these Essential Tips on Avoiding Foreclosure

Many people across the nation are still at a loss for words when it comes to the number of foreclosures that are backlogged or already on the market. Despite the shock, some states have started to show some...

No more scandals at the IMF

Finance ministers are supposed to be impeccable and conservative, are they not? Tim Geithner would make a good finance minister, but he is from the USA and nobody can trust Americans now. He is a...

United States Congress sanctions Americans

Disaster Striking NowWith the debt ceiling maxed out and uncontrolled spending rampant since George W. Bush initiated a flood in spending backed by a Democratic Congress, the US Congress acting irresponsibly is...

The Bursting Asset Bubbles

By Sam Vaknin Author of "Malignant Self-love: Narcissism Revisited" The recent implosion of the global equity markets - from Hong Kong to New York - engendered yet another round of the semipternal debate: should central banks contemplate abrupt adjustments in the prices of...

Wall Street, October 1929

By Sam Vaknin Author of "Malignant Self-love: Narcissism Revisited" Claud Cockburn, writing for the "Times of London" from New-York, described the irrational exuberance that gripped the nation just prior to the Great Depression. As Europe wallowed in post-war malaise,...

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