Many have been warning of this pending implosion for years, but evidently it’s just now hitting the major news organizations. How did anyone ever think that a mortgage that didn’t even cover the interest charges each month was a good idea? From the numbers I’ve seen, 2010 and 2011 are the years when most of [...]
Filed under: Economy | Tagged: interest rate, mortgage, Option Arm | 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 »
