sub prime mortgages
Articles that mention "sub prime mortgages"
What Caused The Economic Crisis Of 2008?
I think we can sum up the cause of our current economic crisis in one word — GREED. Over the years, mortgage lenders were happy to lend money to people who couldn’t afford their mortgages. But they did it anyway because there was nothing to lose. These lenders were able to charge higher interest rates [...]
November was a very volatile month for the stock market with pressure from the oil price, sub prime mortgages, and foreclosure problems. The negativity was further fueled by bad news from companies like Citigroup and E*Trade. As a result, the S&P 500 index dropped -4.40% from 1,549.38 to 1,481.14.
According to NetworthIQ, my net worth declined [...]
Yesterday, I read “Good Debt?? There is No Such Thing” on Gather Little By Little. First, let me say that I consider Glblguy a friend and a very respectable blogger; but when I read the title I thought what the heck is he talking about? This prompted me to read the rest of what turned [...]
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