Category Archives: Economics

Never Lie To A Lender

Posted on July 11, 2008 by Luke Ford

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

Posted on July 11, 2008 by Luke Ford

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?

Posted on July 7, 2008 by Luke Ford

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

Posted on June 2, 2008 by Luke Ford

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

Posted on May 23, 2008 by Luke Ford

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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