The Lehman Brothers findings have surprised even the experts. It took the examiner appointed by the court a year to compile his report on the collapse of Lehman. Wall Street officials and government officials have been expecting it to give an account of the biggest bankruptcy in the history of America.
The report made [...]
15 Mar
Posted by Julia Redstone as Foreclosures
A survey taken recently shows that there are strong cheers for the housing initiatives taken by the federal government. About 68% said the government should not discontinue with its support and 65% are of the opinion that more should be done to prevent families from losing their houses.
House owners together with renters were included in [...]
A discussion was held at Commonwealth Club of California hosted by Andrew Leonard of Salon.com. The speaker was Dr. Joseph Stiglitz of Columbia University. He sharply pointed that the way things were drifting it seemed that the economy would again go into a tailspin.
Stiglitz recounted a powerful narrative of the collapse and its suggested palliatives [...]
All the signs are pointing to the fact that America is headed for a repeat of 1937. The Republicans are saying over reaching and over spending by Washington were responsible for all the troubles the country is facing today. Mitt Romney is blase enough to say that the situation has been worsened by the stimulus [...]
Read more...10 Mar
Posted by Julia Redstone as Foreclosure
It is the poorer section of society that is most vulnerable to evictions but they cannot fight foreclosures due to lack of legal assistance. Fortunately recently this problem has been addressed by the Congress. Legal Servicers Corporation would be reauthorized and given more teeth.
It is a body that disburses federal funds to non-profit groups [...]
09 Mar
Posted by Julia Redstone as Commercial foreclosure, Foreclosure
CRE or commercial real estates running into foreclosures are translating into bargain investment options. According to AlixPartners LLP investment opportunities would increase so much as to mime the intoxicating days of the first years of the 90s.
Dennis Yeskey of AlixPartners said “Of course, commercial real estate fundamentals are still far from good, but I’ve never [...]
To understand the troubles of the economy of USA the adage has to be recalled that whatever goes up has to come down. It is also well to remember another proverb that one cannot continue to ride a horse that is dead.
What is common between a mountain climber, a speeding driver, a fast biker and [...]
Shrewd Republicans quickly divined the weaknesses in the Obama government – appeasing bankers and the Blue Tooth within Democratic rank and file while not focusing on issues relevant to the man in the streets. Max Pappas of FreedomWorks wrote “The Obama administration has so far been successful in continuing to increase the ties between Wall [...]
Read more...04 Mar
Posted by Julia Redstone as Finance
The fiscal deficit in USA has been caused by increased spending on one hand and reduced revenue on the other. The financial system has been for the time being fixed and saved from collapse. Attempts are now being made to divert the attention to bringing down the deficit and debt instead of taking steps to [...]
Read more...03 Mar
Posted by Julia Redstone as Finance
The decision taken by the Supreme Court (Citizens United versus Federal Election Commission) focused on the powers of the business world to spend dollars freely for political campaigns. Ad lib dollars for political campaigns takes the nation by surprise; but a greater surprise was the widely expressed dislike for such a ruling among the think [...]
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