Category Banksters

Low interest rates are killing pension funds

Banksters and speculators love our current ultra-low interest rates, as it allows them to borrow inexpensively. It’s party time for them, aided and abetted by the always banker-friendly Fed. The problem is, cheap money is absolutely killing pension funds, which…

Zombie condos and cratering condo HOAs

Nationwide, an appalling 75% of condo developments don’t meet new FHA rules. This makes getting a mortgage on such units more difficult and thus harder to sell. Compounding the problems, banks are reluctant to foreclose on condos., so the condos…