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Census Bureau Report Portrays Destruction Of The American Dream
It Already Is A Depression For Many
The latest report from the Census Bureau on income, poverty and health insurance coverage portrays a darkening economic picture for millions of Americans. Incomes and living standards fell without regard to [...]
Artificial Mortgage Rates Drop To 4.75%
Fed Manipulation Of Mortgage Rates Continues
Mortgage rates continue their downward trend with the perfect borrower now able to obtain a rate of 4.75% with a two point buy-down on a 30 year fixed rate mortgage. As expected, [...]
Loan Sharks “Salvation” For Many At 2,437% Interest Rates
Loan Sharks: The New Subprime Lenders With A Twist - They Expect To Get Repaid - And Why A Loan At 2,437% Interest Makes Sense
For every loser, there is a winner. Since the demise of the subprime [...]
Extended Unemployment Benefits Make Little Sense
Do Extended Benefits Reduce Job Seeker’s Motivation?
Excluding the depression of the 1930’s we are fast approaching a new official high in unemployment. During the depths of the last worst recession of 1981, unemployment exceeded 10% vs 9.4% [...]
Long Overdue Mortgage Regulations To Curb Lending Abuses
Feds React To Mortgage Lending Fiasco
In a move that can only be described as better late than never, various new Federal laws that restrict certain lending practices become effective on or after October 1, 2009. Other regulations [...]
The FDIC Deposit Insurance Fund (DIF) - A Risky Game Of Confidence
FDIC Rightly Worries About Public Confidence
Due to the large number of bank failures during 2009 the FDIC Deposit Insurance Fund (DIF) has fallen to the lowest level since March 1993. Numerous headlines are screaming that the FDIC [...]
Dear Congress - Thanks For Doubling My Credit Card Interest Rate
Congress Takes Bow For Credit Card Act of 2009
The Credit Card Act of 2009 was intended to curb certain practices of the credit card industry that were deemed abusive to consumers. With a great deal of public [...]
If You Buy A Lottery Ticket In Connecticut Don’t Go On Vacation
Living Beyond Your Means
Connecticut is facing a projected $8 billion dollar plus deficit over the next two years. In an attempt to prevent raising taxes which are already among the highest in the nation, Connecticut is following [...]
Super Clunkers - How Congress Can Double US Vehicle Sales
Clash for Clunkers Increases Car Sales
The much maligned Cash For Clunkers program has three remarkable features that differentiate it from the other wide assortment of endless government stimulus/bailout programs.
1. The Cash For Clunkers program, at an initial [...]
