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FROM HOOVERVILLE TO OBAMAVILLE: A New Breed Of Homeless Emerges From The Embers of The Great Recession
Economic catastophe has hit the United States before. The Great Depression caused devastation and country wide homelessness from 1929 to the early 40's. Colonies of homeless built shanty homes to dwell in, these shanty's were called Hoovervilles for the Herbert Hoover, the president in office. Today, our Great Recession, caused by the housing bubble burst in 2008, has seen thousands homeless turn to living in tent colonies. Those colonies are called "Obamaville."
3 comments"Inside Job," A Movie Everyone Should See
Inside Job, a "Must-see Movie The documentary takes viewers step by step through the developments, beginning with deregulation debacle in the savings and loan industry under Reagan and continuing through subsequent administrations including, importantly, the repeal under Bill Clinton of the Glass-Steagall Act which had required the separation of banking and riskier securities trading activities since 1933.
32 commentsGo to Hell IMF: What We Don't Want Is Your Austerity and Taxes
What Will Happen to the 30 Year Mortgage? Americans must understand the IMF and German government view of things in order to protest IMF imposing plans for the US economy. The Value Added Tax, a hidden tax, is an idea right from the International...
33 commentsMargin Call Review, and Life Imitates Art at MF Global
Margin Call imitates life in the last hours of Lehman Brothers and "life" imitates art in the last days of Jon Corzine's MF Global.
37 commentsHow 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.
16 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.
13 commentsA List of Top Subprime Lenders Operating in US
Subprime is finance team by which we mean to make loans. Which arethe risky one and it is sold in a separate market. It is given to customers who have errors to their credit reports, limited debt experience, fail to pay debt and have recorded...
0 commentsChief Financial Officer Duties
CFO's Checklist When formulating a financial plan and financial policies for his firm the financial manager will find the outline and other information on this page useful. The outline was prepared for Professor Pearson Hunt's financial management course at Harvard Business School.
10 commentsHow to Explain the Subprime Crisis in simple terms part 3
So now that we understand what sub prime loans are and how they are packaged up into pools and resold, we can now look at how the sub prime crisis happened. By late 2004 the US economy was growing fast enough...
10 commentsThe Savings and Loans Vs. The Subprime Mortgage Crisis
Does any one remember the savings and loans crisis? Before there was a U.S. subprime mortgage crisis, there was such a thing as the U.S. savings and loans crisis—aka the S&L crisis of the 1980s garnered similar media headlines and international...
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