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"Option" mortgages to explode, officials warnWASHINGTON (Reuters) - The federal government and states are girding themselves for the next foreclosure crisis in the country's housing downturn: payment option adjustable rate mortgages that are beginning to reset.
Sick Economy Threatens American Express Although the monster marketing machine in NYC provides contradictory information via their "amexified" press releases, savvy people simply aren't falling for this fluff.
Hooverville 2009? Is this really what our governments are scared of?This article is not meant to make you angry at the government; after all, we are the government. Or, at least, that is how it is supposed to be! So, here is the story of Hoovervilles and the Veterans and their families who dared to demand better of their elected leaders.
Do you avoid trying to save money or invest for retirement because you think the world is coming to an end? Do you think you are wasting your efforts with frugal living? Is this bailout and stock market crash a sign of things to come? The truth is we never know what tomorrow brin …
British P.M. Demands Return of Monies Held in Iceland's BanksCold War or Cod War? P.M. Gordon Brown is making loud noises about British investments in tiny Iceland.
Tired of seeing losses in your investments? Ever sell at the bottom? Do you wish you could've gotten out sooner? Let's face it. Most of us are terrible at timing the market. But that shouldn't be an excuse to head for the hills.
With most of the failing financial institutions gone or acquired by others and a bailout trying to take shape, we should take a moment to reflect on our personal financial situation.
The key to solving the stock market crisis is to first realise our goals or outcomes and then make a response. The primary instinct is to repair and restore, but that is a reflex which has already made everyone cringe.
David's Daily, Day Journal Of A Freelance Reporter, 09/12/08, "Homeless In LA" Normally I write and post my journal before I leave in the morning, not after I come home. I apologize to my readers for this inconsistency.
David's Daily, Day Journal Of A Freelance Reporter, 09/14/08, "It;s The Federal Bailout Carnival Shell Game!" Step Right Up Folks ! Come One Come All ! It's The FEDERAL RESERVE CARNIVAL BAILOUT Shell Game !
Lehman to File for Bankruptcy After Suitors Drop OutLehman Brothers Holdings Inc., once the fourth-largest U.S. investment bank, will file for bankruptcy after potential buyers abandoned talks and the U.S. government declined to fund a takeover of the crippled firm.
Financial Shockwave Headed This WayThe financial system has come apart several times in the past year but the Fed has always stepped in with something that has caused the markets to calm down (on the surface) and stocks to rally.
Crash! Biggest fall in shares since September 11 It was the day that the fear factor took over. From Asia to South America, share prices tumbled yesterday as the world's investors gambled that a US recession was now inevitable. In London, the City endured its darkest day since the nadir of 9/11.
Fed Slashes Rates By 75 Base Points - Hopes To Stave Off RecessionHoping to halt a market meltdown and prevent a recession, the Federal Reserve lowered its overnight lending rate by three quarters of a percentage point to 3.50% on Tuesday in a rare move between formal meetings. The 75 basis-point surprise cut came after global financial market …
Stagflation: Inflation's Brutal Big BrotherInflation's a drag but Stagflation is a nightmare. If you don't know the difference, read this article for a front row seat for the Apocolypse.
Big share falls feared on MondayThere are fears of sharp falls on European stock markets on Monday after Friday's hefty falls on Wall Street. The Dow Jones, the main US share index, fell 367 points on Friday, which was the 20th anniversary of the Black Monday stock market crash.
Is another Wall St crash coming? The triggers for 1987's Black Monday – when Wall Street fell 22.6pc in a single day – are back, writes Ambrose Evans-Pritchard
Identity Theft To Increase If Economy Enters a Prolonged Recession or SlowdownAn article demonstrating how crime increases during economic slowdowns that are sustained, and expects Identity Theft to increase if current subprime lending problems lead to major economic downturn
Sensex crashes by more than 1000 points, biggest ever fall in historyCant be sure whether it is the emulation of the overall sluggishness of the Global capital market last week.. While some analysts shrugged off the fall by the latter half of the week as insignificant, there cant be the same opinion on this crash, by the beginning of this week.
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