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Markets are constantly in a state of uncertainty and flux and money is make by discounting the obvious and betting on the unexpected. - George Soros

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Entries Tagged ‘Adjustable Mortgages’

Just HOW IMPORTANT ARE BANKS IN TODAY’s Age of Technology?

It is time for all Americans to have the benefit of the FED Interest Rate that the Paulson Banksters have.
The Banksters get money at 1% right now and then lend it to Americans at 6% to 30% for credit cards.
Just think about that the Banksters pay 1% and we pay 18% to 30% on credit [...]

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Rising Home-Equity Losses

CHICAGO (Dow Jones)–Subprime mortgages were the first sore spot for bond
insurers as falling housing prices hit borrowers hard. But in the first quarter,
home-equity lines of credit have become the new hot spot.
Third-largest bond insurer Financial Security Assurance Ltd. on Wednesday became
the latest to report that its loss projections for those loans rose in the
quarter.
FSA increased [...]

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