Real Estate Foreclosure Blog
Values have eroded drastically. The financiers who sent the world into recession are looking fat and swollen. People who took loans they never should have are now walking off with a shrug and no sense of responsibility. The lives of the politicians in Washington do not match their means. The federal agencies are failing but [...]
The true story of a powerful wealthy billionaire with all his clout versus the might of a rich bank makes interesting reading. The financial crisis has not only led to battles between the rich and the poor but the wealthy are baring fangs at each other. JP Morgan Chase had done something wrong to Len [...]
Tough socio-economic scenario is blowing winds of change. The recent exercise of the franchise in USA was not merely an election but it was a referendum not on either Obama or Palin but on the political future of both. Optimism is on a low key in America – there is a clouds of gloom hanging [...]
World economy has never been so bad since the 1930s depression. Debates in economic circles are continuing as to how long this will drag. Many think the present pace is agonizingly slow but others are not quite so skeptical. The current crisis is being dubbed a global one but in reality it is not so. [...]
TARP involving $700 billion had been wildly unpopular. It has expired after running for two years since becoming law. But the spirit continues as a debate rages over its success or failure and how much it dipped into the pockets of the taxpayers. Troubled Asset Relief Programme or TARP initially made use of government dollars [...]
Greg Farrell author of “Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the Near Collapse of the Bank of America” looking back at the crisis that broke out in 2008 focuses more on corporate greed than the policies crafted and implemented by the governments. Farrell recounts a classic story of self-interest [...]
Fellow of Brookings Institution Douglas Elliott has calculated $50 billion to be the final count of expenses of TARP but he argued that it will be decades before the final figures will be known. He said that the maximum injection of funds was made into AIG, the automobile industry and the programme dealing with mortgage [...]
In 2008 the economy of the world got a hard jolt. Firstly the financial system of USA showed signs of extreme stress. There were staggering defaults on loans that had been sanctioned to those not qualified for it. This caused some financial entities to run into bankruptcy posing risks for Wall Street. Secondly three countries [...]
Real Estate Foreclosure Blog