Bailout Or Rearranging Deckchairs? (Updated)
Bailout Or Rearranging Deckchairs? (Updated)
By Cernig They say the latest deal is a $700 billion bailout, which brings the total bill so far pretty darn close to a round trillion - but the guy who used to be the chief economist at the World Bank has said the total might be 2 trillion once everything is said and done. How honest is the administration being with voters, even now? Krugman hates it. He wants to know why the bailout is expected to work, rather than just rewarding the undeserving at the taxpayer’s expense: I hate to say thi
A No Fuss Guide To Homeowner Loans
A No Fuss Guide To Homeowner Loans Posted By Chris Channing on @ 8:53 am by Chris Channing Homeowner loans are a special type of secured loan that offers many special benefits. They use the home that they own as security collateral. If the borrower fails to pay the loan then they have to give up their home in return. These are also known as second mortgages, and can be treated as a mortgage. Homeowner loans can be borrowed from different sources, but since banks usually have the large amo
US Bailout Fund Gamble
So now we have the mega US government fund that will save the markets from imploding. It has stopped the rot in sharemarkets, but credit markets remain wary and uncertain. But for the time being, we have to assume that the bailout is going to work even if it could allow some of the folk who caused the current crisis to keep ducking reality and avoid taking their lumps. So it’s no wonder there are mutterings about the fates of Lehman Bros, Merrill Lynch and AIG: the usual collection of