In 2007 the housing bubble popped. That event, and the credit crisis and recession that followed, unsettled even the most seasoned economic and politi...
When it comes to screwing the American tax payer into foreclosure and out of funds designed to alleviate his mortgage burden, JP Morgan Chase emerges as the great celestial black hole.
Home ownership has often been considered a critical component of the "American Dream," as an unwritten privilege living in America bestowed on its financially secure citizens.
The next big issue is "strategic default" -- homeowners who can afford their payments but walk away from mortgages and accept foreclosure because they're facing financial stress.
As I believe there is a lesson in every experience, I am listing some of what I learned in 2009: 1. Forget the old saws - "Stocks in the long ter...
The administration's $75 billion plan was supposed to aid millions of homeowners across the U.S., and thousands here in SoCal. It's become painfully obvious to me that the plan was a dismal failure.
The most financially-efficient building ever constructed, Goldman expects the building costs of its headquarters to have zero-impact on its bottom line, with funding provided by the TARP (Taxpayers Are Really Paying) Program.
We have been on a roller coaster when it comes to how we now sleep and what a ride we have been on.
As the year and the decade draw to a close, I'm strangely optimistic. True, there are many reasons for pessimism. But over the past week, I have found reasons to at least be cheerful in popular entertainment.
Anyone who thinks the U.S. is headed back to normality in terms of economic growth and employment is simply not looking at the facts.
On Thursday December 10, 2009, in the dark of night in Washington D.C., the U.S. House of Representatives was overcome with amnesia. They acted as though the financial crisis never happened.
The games that have been legalized market to those on the "wrong side of the economic table." There have been few, if any, moves by states to monitor the losing of their lottery customers.
Karen wishes only for some money, peace of mind and to get into her new residence. It's a shame that we can't provide solutions for people like Karen who are simply transitioning and trying to make the right choices.
I wish to make clear that this is purely hypothetical. If anything like this actually happened, I was not in the room. Therefore, I ask you to consider it as purely a supposition.
It's estimated that the bonus pool of just one of these big banks would have been enough money to prevent or significantly delay foreclosure for all 2.3 million people who lost their homes last year.
Here in southeast Michigan the recession feels more like depression. The region's unemployment rate is 17% and rising. Already, it is the highest jobless rate of any metropolitan area.
Reporters, journalists, and correspondents ideally report all sides of a story...When a reporter panders to the industry they are covering they do a disservice to the public that turns to them for the truth.
Goldman Sachs has announced that its Treasury Dept. has completed a debt for equity swap with the People's Republic of China, effectively solving most of America's problems.
