Real Estate Foreclosure Blog
A survey was conducted on 150 manufacturing units. It was sponsored by Advanced Technology Services. The findings suggest that the big manufacturers appear to have come out the best –29% of those with employees hovering around 1,000 did not refer to any sort of impact. Only 19% of these said the impact had been either [...]
Andrew Cuomo the Attorney General of America is legally hounding Kenneth Lewis and Joe Price for having kept the shareholders in the dark about the actual financial health of Merrill Lynch at the time of taking it over. This has later caused the bank to endure heavy losses. Subsequently it had to be bailed out [...]
The government of USA’s position is similar to the man in the street whose home has gone underwater. But unlike the latter who is threatened by foreclosure and the teasing chance of walking away from a property that is worth far less than the loan due, Washington has to find other nations (perhaps China) to [...]
There will be regulations to rein in Wall Street and safeguard consumers. A bill to this effect would have been passed in the House. There are crucial points about the bill that would be debated on the floor of the House. The financial industry would criticize the bill. Some of the changes that would be [...]
It is not surprising that the recession is causing many to falter in meeting their utility bills. The electricity and the gas supply of the Cardente family have been cut off since last September. The family has been going through a bad spell – illnesses, the husband suffering an injury in his place of work, [...]
Phil Angelides the chairperson of the Financial Crisis Inquiry Commission said that political drama and public chastisements are the best ways to attract the attention of the people to important matters and bad activities. He swore in representatives of four of the top banks. During questioning he scolded Lloyd Blankenfein of Goldman Sachs for selling [...]
It is said that in the last twenty five years the greatest innovation was the securitization of real estate in the world of finance. It was a virgin path that allowed huge sums of dollars to be fed into the real estate market from such types of people who conventionally had never participated in it. [...]
Real Estate Foreclosure Blog