The revised HARP program will help a few homeowners and investors at taxpayers' expense. It will release refinancing lenders from liability. And most disappointing, it may have no discernible effect on improving our economy.
The difficult task of finding $1.5 trillion in deficit reductions has fallen into the laps of 12 hand-selected members of Congress. It does seem like a lot of money! But their time horizon is 10 years. An entire decade to reduce the deficit by only $150 billion a year? Seriously?
Women who are married with children are supposed to be the family's pillar of strength -- the matriarch. There seems to be more judgment toward a wife and mother who is drinking and can't take care of her family, especially her children.
Small employers are struggling; lack of demand and weak sales are part of it, but one of the key barriers to their success -- hindering their ability to help remedy the economy's malaise -- is the inaccessibility of credit.
In working for years with both the family and their loved ones' substance abuse issues, I have concluded that even though there are a myriad of reasons for relapse, there are four basic ones that can become an easy switch to flip.
Although Heidi's business was booming, credit for small businesses had dried up and she couldn't get a loan -- that is, until she gave a bank everything she owned and signed her and her husband's life insurance over as collateral.