Saturday, February 20, 2010
See, the economy IS CREATING JOBS! Click here to learn about the 500 jobs the FDIC is creating in Illinois to help process all the bank closings.
Tuesday, February 16, 2010
Click here to see Video.
One aspect that is not being covered by this video is what about the original total value of the loan. While the banks that are buying existing home loans might be making money by foreclosing on a home, someone did lose money before these loans were taken over, no?
However, this video still makes important points about the banks who take over bad loans having more motivation to foreclose on a home than modifying a loan, and if true, is completely unacceptable.
Sunday, February 14, 2010
Check out this story about Bank of America possibly foreclosing on a homeowners house who had purchased the house with cash, click here.
There is an additional link at the link provided above that takes you to the original story along with plenty of comments.
Tuesday, February 2, 2010
The Problem With America's Debt - Glenn Beck - FOXNews.com - Glenn Beck thinks debt with Chase Bank is "better" than debt with China. Gasp.
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Glenn Beck does not understand the real damage that consumer debt is creating. He thinks we would be "better off" owing Chase Bank rather than China. This is just nuts. We would be better off incentivizing the consumer credit card debt by removing the interest rate charges for any consumer who is committed to PAYING DOWN THEIR CREDIT CARD DEBT.
Everybody wins, even the Chinese. But Glenn Beck falls short with his analysis. The alleged tea bagger could not bring himself to admit that national banks have destroyed local economies.
I will give some credit to Glenn Beck for spotlighting that the Barack Obama is holding on to part of the stimulus money so that the democrats can use it just before the next set of elections this fall to seed Wall Street and possibly electrify regions of the country with stimulus money.
But Glenn Beck loses the credit, and then some, when he has the gall to say consumers would be better off owing Chase Bank rather than China.