Read on McDuff, read on.....
Ready for round two?
The US foreclosure crisis is far from over.
"Homeowners with better credit are now falling behind on their payments in growing numbers. The percentage of mortgages in arrears in the category of loans one rung above subprime, so-called alternative-A, or alt-A, mortgages, quadrupled to 12 percent in April from a year earlier. Delinquencies among prime loans, which account for most of the $12 trillion market, doubled to 2.7 percent in that time."
More repossessions than stated, says Shelter
There are times when I really feel out of my depth. I keep away from debt; it is a bad thing, so could somebody please explain to me a "second charge" home loan. Shelter, the housing charity claim that tens of thousands of people have taken out these loans and it is fueling a surge in repossessions.
In fact, Shelter, the housing charity, said that the number of repossessions could be a fifth higher than current figures suggest because of actions taken by “second charge” lenders.
Protest at the Fed
Why doesn't this kind of thing happen here.
Oh yes, I remember, we live in a police state where every move we make is captured on a CCTV camera. Perhaps it is better that we stay at home and watch it all on TV.
Irish Shares Soar Most Since 1987
Dead cat bounce, definitely. Just watch what happens tomorrow.
Chancellor considering stamp duty deferment plan
Shameless and shameful.
Iraq Government Has $79 Billion in Unspent Cash
I am waiting for story about the Iraqi sovereign wealth fund that bails out Citigroup. It is definitely coming.
Haven´t Heard The Word Decoupling For A Long Time......
What did happen to the idea that Asia would grow while the US sank into a recessionary mire?