Category Archives: Economics

Never Lie To A Lender

I’m reading this book on mortgage secrets. Gary W. Eldred, PhD, writes: Secret #11: Never lie to a lender. The application itself reveals your integrity. Justify hard-to-believe items. Do not try to slip by an applications that intends to deceive. … Continue reading

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Feds Close IndyMac

If I had money in First Federal or Downey Savings, I’d pull it out. I predict those banks will be gone in a few months. I believe U.S. Senator Charles Schumer said to the regulators, what is going on over … Continue reading

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Indy Mac Bank Going Down?

It appears to be a few months from being shut down, something you wrote about with regard to Downey and First Fed many months ago – they are cutting 60% of their workforce and not doing any more loans. I … Continue reading

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Adsense – Google’s Money Machine

Here’s my interview with one of the founders of Adsense — Eytan Elbaz. Here’s today’s New York Times: “You can see very, very quickly if anything is amiss,” said Mr. Fox, director of business product management at Google. Mr. Fox … Continue reading

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Financial Briefs

Joe emails: Banks – the order of failure will be – Downey Savings within 12 months, just like the angel said to Sarah regarding the birth of a baby boy. Next is First Federal, probably in the next 18 months. … Continue reading

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Stop Whining About Higher Gas Prices

By any comparative measure, gas is still cheap. It costs me $80 to fill my tank and I need to do that every two weeks. I get about ten miles to the gallon. Gasoline is not my major car expense. … Continue reading

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Southern California Savings & Loans Holding On

This is not good for the Jews. The Gentiles are gonna get restless and who will they blame? The Los Angeles Times reports: Investors are increasingly throwing in the towel on Southern California-based savings-and-loan mortgage lenders IndyMac Bancorp, FirstFed Financial … Continue reading

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Start Your Profits Today

How To Make Money Online (yes, even if you’re a newbie) Have you noticed how difficult it is to actually get any REAL information about how to make money online? It’s a nightmare isn’t it? You start off buying up … Continue reading

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Washington Mutual Leaves The Mortgage Business

Along with a lot of Los Angeles banks, Washington Mutual has lost much of its value due to its bad mortgage lending decisions. Here’s a report: Seattle-headquartered Washington Mutual, which recently entered into definitive agreements to raise an aggregate $7 … Continue reading

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John McCain Shows Excellent Restraint On The Housing Crisis

George Will writes: Hurling a compliment at Barack Obama in the hope of wounding him, Hillary Clinton‘s campaign has said that his proposals for responding to the economy’s housing-related credit woes put him "to the right of the Bush administration." … Continue reading

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