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Bailouts are a CRIME
The bailouts is just another way for the government to steal from the citizens. It causes nothing but more problems for the economy. People who have homes in foreclosure are trying to work with the banks to help their situation, either by refinancing or some other means. However, since the banks have [...]
Fed Regulators Shut 2 Banks in Georgia, Texas
Regulators on Friday closed Haven Trust Bank in Georgia and Sanderson State Bank in Texas, bringing to 25 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. was appointed receiver of Haven Trust Bank, based in Duluth, Ga., and Sanderson State, with one office in Sanderson, Texas.
The 25 U.S. bank [...]
GM, Ford, and Chrysler Whine About Bailout
The Big Three automakers (GM, Ford, and Chrysler) are whining to the government that they need money too, in the amount of $34 Billion. Heck, what’s a few billion here and there. It’s less than a penny when you look at the whole bailout package totaling nearly $8 TRILLION dollars. Can you [...]
Stupid Banks in the Housing Market
When you read an article like the following where a foreclosed home sold for only $1, you no longer have to wonder why banks are losing money.
In what might be considered a new low for the housing market, a home in Detroit sold for $1.
The home, located at 8111 Traverse Street, close to the Detroit [...]
