Monday: Bi-Partisan Bank Robbery?

I don’t pretend to understand Credit Derivative Swaps and financial ‘instruments’ and it looks like the people who have been playing with them for ... like the Home Owners Loan Corporation (HOLC) where the government would restructure and refinance bad mortgages from individual homeowners and make them affordable.  The theory goes that if those [more...]

Date: 2008-09-22 12:26:24

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The Worldwide Credit Crisis

Recently in the UK Lloyds TSB has merged with the HBOS group which includes the old Halifax building society, BM solutions, IF, TMB ( ... to the satisfaction of everyone. What also will happen to the home owners who have a bad credit mortgage ... a large player in the financial market good deals on mortgages and lower rate loans could be impeded [more...]

Date: 2009-01-02 03:00:28

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