Subprime crisis

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Bird and Fortune - Subprime Crisis

Help the forgotten victims of the housing crisis

Tom Dart, the sheriff of Cook County, Illinois, announced a moratorium on the eviction of tenants from foreclosed housing, stating that too many are innocent rent-paying victims with no prior notice of the pending foreclosure. As seen by Sheriff Dart, the same recklessness that was exhibited in entering into these risky mortgages is being exhibited at their termination -- with little attention being paid to the human consequences. The subprime/no document mortgages with adjustable interest t...

Companies can't get the cash to keep going strong

Tight credit markets continue to increase pressure on businesses far from Wall Street, fueling concerns of reduced spending and future layoffs. "Companies don't have access to short-term credit to fund operations, and if you can't fund operations you'll have to cut back on spending," says Jim Kaitz, CEO of the Association for Financial Professionals.

Saving a lot of money

One family cuts up their credit cards, trading convenience for bare necessities.

A Simple Explanation of the Subprime Crisis

As many of you know there is lots of news out about sub prime loans and the issues they are causing for the consumer, the economy, and in the financial markets in general. While I have seen a lot of coverage of recent events with subprime I have not found through my research many good resources for leaning about how exactly this all happened. So in this three lesson series we are going to examine exactly how all this came about by looking at things from the borrowers side of the equation in t...