I bought the e-book after reading your post. A litt le disappointed that he doesnt think "I got suckered" Barney Frank was responsible for the housing mess.. also, he refers to Joe Biden as "Distinguished"?!
So far its a good read though despite his liberal digs :). Thanks for posting...
The guys in the favelas dont look very worried to me :).
Actually the joke is that if someone attacks Brazil, forget the military, the Rio drug lords will defend the country.
I think the PPT was hard at work today.
The fat finger story sounds like a load of crap. More likely the black box HFT's shut down when the market started dropping and no one was there to make a market.
24% of all properties with a mortgage are currently underwater. The reality is that many are choosing to walk away or are getting subsidized by loan mods.
It's just business. A few weeks ago I noticed that Citibank raised the rate on a credit card that I have to 22%. Since I have never...
Yes, they could sue me. I am not too worried about that. Worst case in my opinion is that there would be a small settlement. I'm renting the house but the rent falls short about 20k a year as it is. The reason I have continued paying is because I am trying to do the right thing (and I think...
I bought my house in 2005 with about 10% down. I thought that would give me enough cushion if the market started going down. What I was not aware of was that my bank and other banks were financing my neighbors knowing that they would not be able to pay as agreed. Fast forward five years and...