I’ve read many stories in the past few weeks about how hard it is to get a loan now. All the stories are saying the same thing – banks aren’t lending, people can’t get loans, so the economy is tanking because people can’t borrow money to buy things. Bullshit. This past summer I had to [...]
Filed under: Economy | Tagged: Bush is an idiot, credit, HELOC, interest rate, loan, Prime rate | Leave a Comment »
I was responding to some comments to a post I made to www.seekingalpha.com a few minutes ago, when I said something that I think needs to be explained further. I mentioned “leverage” and since that’s been in the news (especially regarding financial stocks) quite a lot over the past few months, I decided to expound [...]
Filed under: Uncategorized | Tagged: ARM, Bear Stearns, default, Google, leverage, loan, mortgage, Option Arm, S&P 500, Stock Market, Stocks, sub prime | Leave a Comment »
