If collections made a debt settlement offer or a company made a foreclosure rescue offer read this first Our material is dedicated to the financial crisis of 2007, documenting the period before, during, and after. Some items are used by permission granted in the Fair Use guidelines of the 1976 U.S. Copyright Act. We are a watchdog and consumer advocacy organization.
Money market funds saw nearly $90 billion of net investor cash pulled out on Wednesday, among the largest single-day drops in history. Not a good sign of investor confidence, whenever anything makes it into the history books there must certainly be a study of cause and effect. On the politcal front Republican hopeful [...]
In a sorry but telling way the world-wide financial crisis reads like the investigative side of AIDS and sexually transmitted desease clinics. “…the latest Canadian life insurer to detail its exposure to troubled U.S. financial-services companies…” and other news reports are interesting. Today we see news reports stating “We have no exposure to [...]
Financial woes spread to money market funds for the first time during this financial crisis. A $62 billion money market fund Primary Fund from Reserve on Tuesday saw its holdings fall below its total deposits, a condition known as “breaking the buck” that hasn’t happened to a money market fund since 1994. Money [...]
Russia’s markets are facing the biggest test since the government defaulted in 1998. However, it looks like past history and a poor track record does not instill much confidence. Russia poured $44 billion into its three largest banks and halted stock trading for a second day in a bid to stem the most [...]
While the song and dance of mortgage blues and tainted paper certainly is not good for the United States, it is not good for other countries either. The true scale of the jobs disaster facing Britain is revealed today as experts issue dire warnings that up to half a million workers will lose their [...]
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