Category Archives: Economics

Cruel Jokes, and No One Is Laughing

Gretchen Morgenson writes: WHAT do banks call it when a troubled borrower abandons her home, sending them the keys? “Jingle mail.” And what do they call it when an irate borrower abandons his home, yanking electrical outlets from walls, leaving … Continue reading

Posted in Economics | Comments Off on Cruel Jokes, and No One Is Laughing

Moral hazards in Bush bailout

Why should I, a struggling blogger, bail out rich people with mortgages? I know the government isn’t kicking in money, but it is interfering with the free market and the inefficient allocation that results from that hurts all of us. … Continue reading

Posted in Economics | Comments Off on Moral hazards in Bush bailout

Best Creditors

Calvin Brown, CEO of CreditRestoreInc, writes: CITIBANK AND ALL ITS AFFILIATES LIKE CITI FINANCIAL/ They easily forgive late payments and encourage good credit scores by their very helpful attitudes toward their clients.  Getting credit limits increased is an easy process … Continue reading

Posted in Economics | Comments Off on Best Creditors

Top Ten Creditors To Avoid And Why

Calvin Brown, CEO of CreditRestoreInc, writes: BANK OF AMERICA BOA is the original creator of the Visa and the first commercial national bank. They give credit cards to illegal aliens who have no Social Security card. They make more mistakes … Continue reading

Posted in Economics | Comments Off on Top Ten Creditors To Avoid And Why

Six Easy Ways To Make $100

The MyMoneyBlog is my favorite personal finance blog. Here’s a popular entry: 1) Earn interest on your idle cash. Open up a high-yield savings account that links up directly with your existing checking account and pumps up that piddly interest … Continue reading

Posted in Blogging, Economics | Comments Off on Six Easy Ways To Make $100

Covering The Watchdogs

Dean Starkman writes: The business press has written about the mortgage crisis as a predatory-lender problem, a naïve borrower problem, a compromised rating-agency problem, an irresponsible debt-buyer problem, and, first and foremost, a problem manufactured on Wall Street, which fueled … Continue reading

Posted in Economics | Comments Off on Covering The Watchdogs

Subprime Mortgage Crisis Predicted By Three Academica In 2004

On December 18, 2007, Jonathan Chevreau writes for the National Post: A group of three finance academics foresaw the looming U.S. subprime mortgage crisis at least three years before the problems started to become public early in 2007.    Go … Continue reading

Posted in Economics | Comments Off on Subprime Mortgage Crisis Predicted By Three Academica In 2004

You Can Earn A Living Blogging

I’ve done it for more than a decade. Yes, most of that time, I made most of my money writing about the porn industry, but now I’m determined to make a clean living online. You can too if you’re smart … Continue reading

Posted in Economics | Comments Off on You Can Earn A Living Blogging

Powell’s turns the page

From the LAT: …The company started selling books online in 1994 — before Amazon — and ships millions of dollars of books, about 90% of them outside the Pacific Northwest, each year. (The company, privately held, does not release its … Continue reading

Posted in Economics | Comments Off on Powell’s turns the page

Which LA Banks Will Go Bankrupt?

The housing crisis/implosion is starting to come off the rails. Lots of local banks are holding loans against said houses, and those loans are starting to have all the credit quality of a loan to a third world country. The … Continue reading

Posted in Economics | Comments Off on Which LA Banks Will Go Bankrupt?