credit crisis

American Ingenuity From A Small Guy

by Tom Koziol | March 27, 2009

If you feel bombarded by all of the news on the latest stimulus package, the latest “help-the-homeowner” proposals, the latest proposed changes to the tax laws, the latest foreclosure bailout proposals, the latest $7500 tax credit (that’s really a loan) for first time home buyers and all of the latest static in the air to [...]

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Blogs

Another Financial Crisis Looming?

by Richard Warren | March 2, 2009

Could anything be worse than the foreclosure crisis? People who purchased more expensive homes than they could afford or used risky mortgages to obtain them are losing their homes in record numbers. Banks who aggressively pushed loans on poorly qualified borrowers are suffering the consequences. The economy has been dragged down by the crisis. Will [...]

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Commentary

The Financial Crisis in Pictures

by Steve Heideman | November 25, 2008

Slideshare.net the social media website that allows anyone to post powerpoint presentations and share them had an interesting contest. They had a contest open to everyone to see who could come up with the best presentation on the current financial crisis in 30 slides or less. Here are the 3 winning presentations. I thought this [...]

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Commentary

Everything Is Getting Better: A Real Estate Fairy Tale

by Charles Feldman | April 30, 2008

I’ve decided to lie to you. At least, I’m being honest about it! I have grown tired of reporting weekly, it seems, on the ever expanding, contracting global credit market and the resultant deep recession the U.S. currently finds itself on the cusp of. Americans, perhaps more than people anywhere, love being in denial. We [...]

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Economy

Consumers Worried; Home Prices Down; Trillions in Losses; Any Good News? Well…

by Charles Feldman | March 26, 2008

How about some good news for a change about real estate, mortgages, credit, jobs, consumer confidence, Wall Street stability, the future of civilization as we know it? Sorry, not gonna get it here. Evidence is evidence and though some may like to engage in wishful thinking, the evidence is not good at all. Goldman Sachs [...]

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Economy

2008-Year of The Implosion?

by Charles Feldman | January 2, 2008

Nothing like kicking off the new year on a positive note. And, I can assure you, what you are about to read is anything but “positive.” In fact, when it comes to the ever expanding subprime mortgage fiasco,the fun, say some experts, is only about to begin. Before 2008 slips into 2009, some 1.8 million [...]

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Mortgages & Lending

Subprime Mortgage Crisis Helps Bring Down An Airline

by Charles Feldman | December 26, 2007

This is a story–don’t worry, it will be a short story–about how the current subprime mortgage/credit crisis has actually shot down an entire airline and how this may just be the canary in the coal mine. The all-business class airline, Maxjet Airways, based in Dulles, gave an extraordinary Christmas gift to its loyal customers: It [...]

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