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How to Explain the Subprime Financial Crisis Part 1
The first lesson in a two part series on the subprime financial crisis and how to explain what happened in a simple manner.
9 commentsSave my Home - Mortgage Default and Foreclosure Help
Take a step-by-step approach to saving your home and prevent a mortgage foreclosure. If your're in trouble look hear to learn what actions to take, where to find help, tips on what to avoid, and how to get back on track.
4 commentsSubprime Home Mortgage Crisis
"We forgot there was a lot more risk in the strategy," said one State Street executive." The State Street Corporation which manages $2 trillion for pension funds and insurance companies fired a senior...
11 commentsEconomic Crisis: An Urgent Call for a Citizen Revolt - Part 1
Economic Crisis, Bank Bailout, TARP, Tax Payer Revolt, Tea Party, Taxes, Representation. We the People can Take our money out of the Big Bad Bailout Banks or poorly run Smaller Banks and Put our money into well-run Smaller or Community Banks. Laid Off, Jobs, Bankruptcy, Foreclosure, Finance, Toxic Assets, subprime mortgages, Citizen Revolt, Taxpayer Revolt, Capitalism Glenn Beck, George Washingtion, The 5000 Year Leap, House of Cards, CNBC, David Faber, Investigage.
9 commentsRecession: What is it and How did we get there?
Second quarter 2008 First of all, it hasn't yet been determined that the United States is currently in a recession. The National Bureau of Economic Research, the major (and supposedly unbiased) research...
8 commentsThe Housing Bubble | What Caused It To Burst
From time to time we hear something on the news about the housing bubble and what is happening to the real estate market across the entire Nation.We see our neighborhoods bombarded with “For Sale” signs...
0 commentsThe Downside of Derivatives Abuse
In my hub about the Subprime Mortgage Crisis I introduced the topic of derivatives and how they played a major, major role in getting us into the worldwide financial "mortgage crisis." My point of that article...
4 commentsSubprime Mortgage Crisis Enabled by Alan Greenspan
Yesterday, Ben Bernanke reversed the Fed's position under Greenspan and proposed tighter mortgage lending rules, stating that " Unfair and deceptive acts and practices hurt not just borrowers and their...
5 commentsThe Other Side of SubPrime Loans
A wise man by the name Warren Buffet had once remarked “Derivative products are financial weapons of mass destruction”. He was spot on but the so called finance wizards paid no attention to his wisdom. ...
65 commentsSubprime Crisis: A Timeline
The subprime crisis primarily refers to the problems in America's subprime mortgage market, which consists of loans to individuals with weak credit histories (which often leads to a higher risk of default). It...
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