Gold Stocks Today » mortgage meltdown

$1 Trillion Mortgage Bomb Still Ticking Away

Rocky Vega — Wed, 03 Mar 2010 21:00:03 +0000

How close are we to being back to square one with impending mortgage meltdowns? According to SNL Financial, much closer than anyone would like to think. It has gotten a hold of an updated version of the original 2007 Credit Suisse chart that such caused a stir at that time. It�s reprinted below along with [...]

$1 Trillion Mortgage Bomb Still Ticking Away originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."

Banks Gave You a Mortgage in Exchange for Your Honor

Rocky Vega — Tue, 19 Jan 2010 19:55:57 +0000

In this thought-provoking clip, The Colbert Report’s Stephen Colbert dissects the real reason behind the mortgage meltdown. It wasn’t a matter of predatory lending, or irresponsible borrowing… it was actually a matter of honor: “When you signed that mortgage you gave your word, and your word is who you are… “…and I think this is a question [...]

Banks Gave You a Mortgage in Exchange for Your Honor originally appeared in the Daily Reckoning. The Daily Reckoning, a FREE daily e-letter, offers a "uniquely refreshing" perspective on the global economy, investing, and today's markets.

Foreclosures of the Future

Ian Mathias — Thu, 14 Jan 2010 22:00:01 +0000

It�s hard to picture 2.8 million homes. That�s about how many detached homes are in all of Pennsylvania or Illinois. It�s also how many homes were lost to foreclosure in 2009. There were 3.9 million foreclosure filings last year, RealtyTrac reports today, 2.8 million of which resulted in foreclosure. That�s a record dating back to at [...]

Foreclosures of the Future originally appeared in the Daily Reckoning. The Daily Reckoning, a FREE daily e-letter, offers a "uniquely refreshing" perspective on the global economy, investing, and today's markets.