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The Correlation Between Incomes And Default Rates
The Marginalization Of Risk The massive number of loan defaults that has put the entire banking industry on the brink on insolvency did not happen by accident. Banks recklessly extended credit, even to low income borrowers who [...]
Japan’ Solution To Debt Crisis – Expand Zombie Banking
Japan’s Zombie Banking Taken To New Levels Of Lunacy Japan’s real estate and stock market bubbles burst in the early 1990′s. Since then, twenty years of non stop Government stimulus programs have failed and left Japan [...]
FDIC Considers Borrowing From Treasury As Banking Failures Increase
FDIC May Request Treasury Loan As Losses Grow The FDIC always takes pride in noting that it is self funding and covers failed bank losses by assessments on FDIC insured member financial institutions. Congress created the Federal [...]
Feds Finally Move To Restrict Excessive Bank Compensation And Risk
Bailout Funds Go To Bank Bonuses Banks that lost billions of dollars on speculative investments and poor loans have routinely been awarding thousands of employees massive bonus payments. Ironically, the only reason many of these banks are [...]
Greenspan Revisionist Babble
Debt Is The Greenspan Legacy Alan Greenspan, former Federal Reserve Chairman, today expressed his concern about the level of the US national debt. Sept. 16 (Bloomberg) – Former Federal Reserve Chairman Alan Greenspan said he’s worried that [...]
K-Ratio Indicates Gold Stocks Still Cheap
K-Ratio Predicts Higher Gold Stock Prices Based on the recent large rally in the gold stocks, it is time to sell and take profits? The K-Ratio, a time tested method for timing the purchase and sale of [...]
Can The Unemployed Afford A Mortgage Payment?
Government Determined To Keep Unwilling Homeowners In Homes The FDIC announced a new initiative to reduce foreclosures on home mortgage loans held by failed banks that were acquired by another institution. This new FDIC program goes far [...]
Census Bureau Report Portrays Destruction Of The American Dream
It Already Is A Depression For Many The latest report from the Census Bureau on income, poverty and health insurance coverage portrays a darkening economic picture for millions of Americans. Incomes and living standards fell without regard [...]
Artificial Mortgage Rates Drop To 4.75%
Fed Manipulation Of Mortgage Rates Continues Mortgage rates continue their downward trend with the perfect borrower now able to obtain a rate of 4.75% with a two point buy-down on a 30 year fixed rate mortgage. As [...]
