Part 2 of this article analyzes the top 5 banks future problems with the over $4 trillion sub-investment grade derivatives maturing in the next 5 years, an amount that is greater than at the peak of the financial crisis.Read More0
While we’re seeing foreclosures occurring today at a higher rate, banks are doing something today that doesn’t seem to be getting much attention. People have stopped paying their mortgages and the banks aren’t foreclosing on many of them.
Why Aren’t Banks Foreclosing on People Who Aren’t Paying Their Mortgages?Read More0
I truly believe a year from now we’ll have many of the answers we’ve all been waiting for. I choose a year from now because once this Presidential political distraction is over with, and we’ve had another year of the continued crack up from the sub-prime mess and more bank failures, and more fed intervention (GM, Ford, possibly the airlines, …Read More0
Is the Fed relevant or do they cause more harm than good? The answer is “yes,” they are relevant, as long as people still think the Fed is relevant. The real question that needs to be answered however, is how much longer can the Fed keep playing this game and pulling the wool over the People’s eyes? The Fed uses …Read More0