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- Does anyone know when they will start to consider the second mortgage as part of the housing debt ratio for this program?
- To paraphrase the Onion, Americans now clamor for a new bubble to invest in. Once that occurs, we can be sure to see the same cast of characters, no doubt.
- January 5 2009; I and my wife have been taken in by this company to for $1500.00. We had several phone conversations with them explaining how they was dealing with our financial problem.All false ,...
- I agree with the basic premise of the article. There's been caution all across the board. Even consumers who are still employed don't want to spend, and that means they don't want to...
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Blown Mortgage
Mortgage and finance with a sarcastic bent
So the biggest bank failure in the history of our country occurred yesterday and quite frankly was somewhat of a non-event. The quick FDIC step-in and subsequent fire sale to JP Morgan kept bank failure on page two with the $700 billion federal bailout clearly the bigger headline. This is something that hopefully [...]
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9 months ago
Billions in liabilities have been stashed somewhere. I'm not sure this was done "legally". Debt and shareholders may have valid complaints.
The JP Morgan value case depends on some massive, omnibus bailout plan passing, a-la Paulson. If it doesn't, there will be big fireworks.
9 months ago
If the Citigroup-Wachovia merger doesn't go through then we can expect Wacovia to become a division of a Chinese or Dubai bank.