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U.S. Program to Avert Foreclosures Called a Failure
Lawmakers branded a U.S Treasury-led effort to slow the rate at which distressed mortgage-holders are being thrown out of their homes as "an abject failure". The scathing review of Treasury's Home Affordable Modification Program, or HAMP, brought fresh promises from a...
What does China really want? Is USA in need of a good translator?
Is the USA and the rest of the world listening to what China has to say? China is not really after money to clean up their own pollution act, what they want is the West more responsible I am pretty damn sure... More Fiddling as Foreclosure Crisis Rages On
The government seems to have good intentions. Unfortunately we can't see any significant actions towards the Foreclosure Crisis, and honestly I don't see it getting any better in the near future." The good news is the Obama Administration appears to be finally conceding that... Patience Needed for Housing Loan Program, Home Buyer Finds
In a housing market plagued by one of the highest foreclosure rates in the country, finding and buying a home would seem to be an easy hunt, especially if you're armed with federal funding assistance." The sheer mass of real estate available at a record-low price... Save one job, lose another
Frank de Jong, the Leader of the Ontario Green party, hits the nail right on the head in this article. As soon as this Bust is over, Governments will begin raising taxes to pay the interest on debt accrued from bailing out private corporations. In other words, taxpayers will...
created by Maireid Sullivan | 26 wks ago | updated 26 wks ago
142 views | 14 recommendations | 2 comments
142 views | 14 recommendations | 2 comments
Bear market trap
The terms bull market and bear market respectively describe upward and downward movements of a market over a prolonged period of time in which prices rise or fall faster than normal. The expressions "bullish" and... World Bank loans exacerbate climate change
Study highlights World Bank’s financing of fossil fuels––Its been said that instead of 'needing' to spend around 2 billion a year on a small number of major developments, like mega-hydropower dams and power stations, to meet their shareholders targets, the World Bank...
created by Maireid Sullivan | 44 wks ago | updated 44 wks ago
151 views | 25 recommendations | 5 comments
151 views | 25 recommendations | 5 comments
Prognostications, Pundits and Poo
Prognostications, Pundits and Poo
Bill Hitchcock
We all know that we are in an “interesting” real estate environment. The fact is-It’s terrible. But where do we go from here?
Personally, I think prognostications from most pundits is purely poo. Most of the... Brown will force UK banks to pass on full rate cut
After the Bank of England's historic rate cut this week, banks have remained hesitant to pass on the rate cut to loan receivers. Many analysts are saying the current money market situation means it is impossible for the banks to match the base rate. But Gordon Brown is... The price always goes up at Standard and Poor's and Citigroup
An interesting twist on the world of supposedly-conservative bankers and rating agencies in the latest financial meltdown, this time at Citigroup and Standard and Poor's. The quick lesson: if your complicated financial models assume that real estate prices will... Government to aid credit issuers with $7.76 trillion
UPDATE 2:38 EST: The US treasury department has revealed it is going to provide an unprecedented $7.76 trillion for guaranteeing Citigroup's debt in a bid to rescue the frozen credit markets for consumers."The... U.S. Approves Plan to Help Citigroup Weather Losses
"Citigroup executives presented a plan to federal officials on Friday evening after a weeklong plunge in the company’s share price threatened to engulf other big banks. In tense, round-the-clock negotiations that stretched until almost midnight on Sunday, it became clear...The Housing Crisis and a Fight-Back Program
"The current economic crisis has been building for years. At its root is the massive elimination of decent-paying jobs and lowering of wages in the U.S. and worldwide, a phenomenon explained and analyzed so well in the party’s newest book, “Low-Wage Capitalism.”The...Citi Rescue Talks Underway
"The market shrugged off the prospect of a Citigroup meltdown and focused instead on the leak that Timothy Geithner was Obama's pick for Treasury Secretary. Citi fell another 20%, its shares dropping below $4. Have banking catastrophes become so routine that it is now...
created by MortgageAuditor | 1 year ago | updated 1 year ago
61 views | 0 recommendations | 0 comments
61 views | 0 recommendations | 0 comments
