Credit crisis could cost nearly $1 trillion, IMF predicts Posted: 2 years ago by deEPCHill
The International Monetary Fund said Tuesday that financial losses stemming from the U.S. mortgage crisis might approach $1 trillion, citing a "collective failure" to predict the breadth of the crisis.
Comments: 6 Score: [-] 106 [+].
Worst Crisis Since '30s, With No End Yet in Sight Posted: 1 year ago by bingo
The financial crisis that began 13 months ago has entered a new, far more serious phase.
Lingering hopes that the damage could be contained to a handful of financial institutions that made bad bets on mortgages have evaporated. New fault lines are emerging beyond the original problem in areas like credit-default swaps, the credit insurance contracts sold by American International Group Inc. and others firms. There's also a growing sense of wariness about the health of trading partners.
Comments: 6 Score: [-] 7 [+].
What Is A Reverse Mortgage? Posted: 3 years ago by inakisant
Really great information about mortgage you need to know.
Comments: 0 Score: [-] -8 [+].
"Parliament of clowns" laughs off financial crisis Posted: 9 months ago by Bornbad
Clowns from across the world met in Germany Friday to pitch laughter as a way to survive the economic crisis.
Comments: 1 Score: [-] 121 [+].
Global financial crisis takes its toll on China Posted: 10 months ago by aclister
- 20 million laid off
- half of all toy factories have closed
- government plans 4 trillion yuan ($USD 585 million) stimulus package.
- risk of "mass incidents and social unrest" as jobless migrants return to the countryside.
I have also heard that the factories are just closing their doors - no back pay, no severance packages. We are not talking wealthy people here but they all contribute to the developed world's way of life.
Comments: 4 Score: [-] 79 [+].
Feds Promise $7.7 Trillion to Ease Frozen Credit Posted: 1 year ago by JoshSF49
And the little guy gets nothing. Again.
Comments: 6 Score: [-] 127 [+].
Get free a mortgage calculator for blog ( no php or cgi ) Posted: 3 years ago by alextor
Free a mortgage calculator for webmasters. No required php, cgi or other script. Easy instalation.
Comments: 1 Score: [-] 1 [+].
Yagna to end global financial doom Posted: 12 months ago by SkandarGraun
Cca 3,000 priests have gathered here to hold a two-year-long yagna (religious ritual) where they are sitting around 109 sacrificial fires and chant hymns to appease goddess Meldi to tackle the Global Financial Meltdown.
Comments: 2 Score: [-] 16 [+].
Debt Slavery: Why Are Americans So Willing to Dig Themselves Deep into Debt Posted: 1 year ago by BWallaby
Just two generations ago, America was a nation of mostly thrifty people living within their means, even setting money aside for unforeseen expenses.
Today, Americans carry $2.56 trillion in consumer debt, up 22 percent since 2000 alone, according to the Federal Reserve Board. The average household’s credit card debt is $8,565, up almost 15 percent from 2000.
Comments: 1 Score: [-] 78 [+].
Women 'are facing extinction' in rural England, leaving thousands of bachelors in crisis Posted: 2 years ago by AutumnLotus
The countryside is in crisis. But for once it isn't the threat of disease to livestock, the purchasing power of the supermarkets or house building plans that is ruining rural England. It is the extinction of that species so integral to a thriving village life - the eligible young woman.
Comments: 1 Score: [-] 164 [+].
The world's first $1 trillion company Posted: 2 years ago by wags273
The meaning of the term "Big Oil" has changed overnight, as state-controlled PetroChina became the first company worth more than $1 trillion, tripling its value Monday in its debut on the Shanghai Stock Exchange and making it by far the largest company in the world.
Comments: 3 Score: [-] 135 [+].
Putting aside food crisis, G8 leaders savor world delicacies Posted: 1 year ago by topofall
Food crisis - what food crisis!!
Comments: 1 Score: [-] 127 [+].
Finger length may predict financial success Posted: 11 months ago by Bornbad
The length of a man's ring finger may predict his success as a financial trader.
*I'm in the wrong trade*
Comments: 4 Score: [-] 143 [+].
A Pillow Salesman from Crisis, Pursued By Disaster, Followed Closely By Catastrophe Posted: 2 years ago by zion
Here's an article related to a new book that came out last week called Crisis, Pursued By Disaster, Followed Closely By Catastrophe. It's a pretty interesting memoir.
Comments: 0 Score: [-] 14 [+].
They never learn department Posted: 10 months ago by 2manyusernames
One of the many causes of the home mortgage crisis was the lowering of loan requirements some forced upon the banks and others done to make a quick buck. Now Fannnie Mae is saying they will lower the requirements for refinances. They'll lower minimum credit scores, even lower income verification standards.
Comments: 7 Score: [-] 349 [+].
London's financial district goes wireless Posted: 3 years ago by AutumnLotus
The heart of London's financial district has gone wireless. The Square Mile, Europe's premier financial center, has been turned into an oversized WiFi "hot zone," turning broadband-speed Internet into radio signals that can accessed through browsers on laptops, handheld game consoles, WiFi-enabled mobile phones and personal digital assistants.
Comments: 1 Score: [-] 133 [+].
German mogul kills self over financial meltdown Posted: 11 months ago by Bornbad
German billionaire Adolf Merckle threw himself in front of a train after his business empire, which included interests ranging from VW cars to pharmaceuticals to cement, ran into trouble in the global financial crisis
Comments: 0 Score: [-] 105 [+].
Bank Bailout to Cost Taxpayers $2 Trillion Posted: 9 months ago by iamamaniac
The UK Government’s recent bailout of struggling financial giants Royal Bank of Scotland and Lloyds TSB looks set to add between £1 trillion and £1.5 trillion to national debt, figures out today have revealed.
Comments: 0 Score: [-] 36 [+].
Living the Good Life on $5,000 a Year Posted: 1 year ago by karenben
Today's global financial cloud got you feeling gray? Vermonter Jim Merkel sees a silver lining.
Comments: 0 Score: [-] 51 [+].
Google puts Darfur crisis on its map Posted: 3 years ago by AutumnLotus
A scan of Google Earth shows a large swath of Central Africa trimmed in orange. Zoom in and the words "Crisis in Darfur" appear, along with icons of flames marking 1,600 villages destroyed in fighting.
Comments: 0 Score: [-] 115 [+].
Financial tip of the week Posted: 4 months ago by lynxears
Financial services guy posts information in general laymen's terms on finances, with links and lots of resources. He's got ideas on everything from what to do if your wallet is stolen to getting out of debt.
(Some information is geared toward college students, but most are general financial information).
Comments: 2 Score: [-] 32 [+].