Financial Crisis Monitor

As proof that one cannot do it alone – without help – we must write about one man’s focus and dedication after he was slighted by his mortgage company. Facing foreclosure in Connecticut this man takes the time to research the law and he keeps us up to date. I’m certain we are [...]

Considering that HSBC paid $14 billion to buy predatory lender Household International, and managed to lose more than they paid for Household, Countrywide still looks attractive to Bank of America. Although Countrywide lost $422 million it does not seem to change BofA’s proposed $4.1 billion takeover. In relative terms the price is good [...]

The FNI refused to name the entities under investigation but they are working with the Securities and Exchange Commission on a subprime inquiry. The Federal Bureau of Investigation has opened criminal inquiries into 14 companies as part of a wide-ranging investigation of the troubled mortgage industry, F.B.I. officials said Tuesday. The F.B.I. said [...]

A contentious point and one I found alarming is a result of company reduction, off shoring services, and the flight of manufacturing from the United States. We are told new jobs are being “created”, but at what expense? It became more difficult to find new employment and most new jobs were lower paying [...]

Shifting political sands in America and Europe, especially after the 9-11 terror attacks and concerns of a probable slowdown in developed economies are encouraging Islamic investors to turn their focus into growth economies like India and China. Saudi Economic and Development Company (Sedco) and Bearys Group have come together to invest $20 million for [...]