Category Credit crisis

Federal Reserve Governor Randall Kroszner said Thursday that the central bank may use its legal authority to limit predatory lending. “May use”? And this only came after Rep. Barney Frank (D-MA) threatened to strip the Fed of their power to…

He may have just dumped his wife, leaving her with $300 and all the bills, taking a one-way flight to Australia. Of course, he sees it differently.

Saint Alan of Greenspan proved true to his guiding star, the philosophy of “greed is good” Ayn Rand, by blocking an crackdown on predatory lending in 2000. I’m sure those who have lost homes due to slimebag mortgage brokers will…

Just imagine the interest payments that will pile up when you pay your mortgage with a credit card. Interest on top of interest. Amex says they’ve had so much success in getting people to charge condominium down payments that they…

That’s what financially strapped homeowners now realize about their homes. The party is over. There will be more borrowing on the line of credit, because home values are falling now, not rising. The Fed has aroused from their slumber long…