"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
I’m guessing CEO Angelo “If I can’t drive a company into bankruptcy and keep billions while doing so, then I fear socialism is coming to the US” Mozilo may well be having some sleepless nights. Can you say “Enron?” I…
Bloomberg says the rising number of vacant homes is creating ghost towns while homeowner equity is at its lowest since 1945, and is under 50%.
This was as of the end of 2007. The foreclosure rate is probably even higher now. “We’re seeing people give up even before they get to the reset because they couldn’t afford the home in the first place” Some homebuyers…
Investors are currently buying TIPS (Treasury Inflation Protection Securities) avidly, forcing the price up. TIPS pay the interest rate plus the inflation rate, which makes them a safe haven in inflationary times. Bizarrely, the price has been risen so high…
Thornburg Mortgage Inc. lost more than half its market value after the home lender failed to meet $270 million of margin calls and a Citigroup Inc. analyst said bankruptcy is possible. If a company can’t make a margin call, it…