News And Articles About Foreclosure

  • Lisa Simpson |
  • Nov 22,2010

At this Juncture America Needs Not Merely a Politician

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 [...]

  • Lisa Simpson |
  • Nov 19,2010

The Power of a Wealthy Billionaire Versus a Rich Bank

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 [...]

  • Lisa Simpson |
  • Nov 18,2010

Tough Socio-Economic Scenario Blowing Winds of Change

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 [...]

  • Lisa Simpson |
  • Nov 17,2010

The Suffering Masses Cannot be Wished Away

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. [...]

  • Lisa Simpson |
  • Nov 16,2010

It will Decades Because the Ultimate Cost of TARP

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 [...]

  • Lisa Simpson |
  • Nov 12,2010

Corporate Greed Led to the Crisis

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 [...]

  • Lisa Simpson |
  • Nov 11,2010

Without TARP There will be Real Trouble in 2011

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 [...]

  • Lisa Simpson |
  • Nov 10,2010

What Brought About the Housing Bubble?

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 [...]