Finance »

What Does This Real Estate Insider Know About …

March 15, 2010

SAN DIEGO, CA – by David Horwitz -No one has ever been able to explain this logic to me as soon as you fall behind on your payments, the bank charges you MORE money and often times, if possible, raises your interest rates! It seems that when we are financially in trouble, today’s [...]

 

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Real Estate »

Unemployment Now Becoming A Principal Reason for Rising Foreclosures

September 9, 2009

Research by Moody’s Economy.com predicts that in 2009 1.8 million borrowers will lose their home to foreclosure.  This figure rises from 1.4 million homeowners in 2008.  Moody is a leading independent provider of economic, financial, country, and industry research.  Moody attributes the increase in foreclosure rate to the rise in unemployment. At the start of [...]

Business »

Flaw in Free Markets: Humans

September 12, 2009

THERE is broad agreement that Alan Greenspan, the former Fed chairman, was wrong to have believed that market forces alone would insulate society from excessive financial risk. But Mr. Greenspan was wrong for reasons very different from those offered by his most vocal critics.

Those critics fault Mr. Greenspan for having overestimated the strength of competitive forces, a [...]