Mortgage Lenders and Politicians, Not Consumers, Are to Blame for Current Crisis
As a real estate agent in Houston, Texas, I directly observed the results of the subprime lending crash. In order to understand the anger on the part of the victims, the shocking destruction of foreclosed upon property, and why the majority of foreclosures appeared in certain demographic areas, I began researching the causes of the crash. What I found was surprising. It is important for all consumers to understand what has happened so that they can better understand what the future might hold.
The Next Major Banking and Credit Crisis is Almost Here
The next major banking and credit crisis will soon make the headlines: European banks home loans to Eastern European home buyers. Those buyers will soon find that they cannot repay those loans. The value of those loans dwarfs the value of the US subprime loans.
How to Fix the Economy
The ramblings of an armchair politician…
The Aftershock of 9/11 Still Reverberates Today
If you want to know why gas prices are affecting every American family, then look no further than the government and business decisions that were made post 9/11 and the collapse of the housing market. 9/11 may have been beyond our control, but the current recession can partly be blamed on Americans enormous appetite for overproduction and over consumption.
Oil Prices in India
Why oil prices are such in India.
Wanted: A (Severe) Recession
What good can come out of a (severe) recession?
