CHESSNOID

The truth behind most of our government bailouts of companies is that they were run poorly before the recession.  I am talking about the bailed out companies, but that statement could also apply to our current government.
Our government committed a moral hazard when they decided to use taxpayer money to bail out private [...]

It’s ironic to hear a government agency be forthright with the truth.  Many bloggers have been discussing the tsunami of foreclosures on the way which will translate into more bank losses.
WASHINGTON (Reuters) -
Only 12 percent of U.S. homeowners eligible for loan modifications under the Obama administration’s housing rescue plan have had their mortgages reworked, and [...]

The New York Times has a great article titled “The House Trap” where people took out teaser loans to leverage the maximum loan value to purchase their dream house.  Unfortunately,  the house values fell dramatically for many of these people before they could refinance and now are stuck in the loans they initially took out.
NY [...]