Category Archives: Economics

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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L.A. Bank Death Watch: Downey, First Federal, Washington Mutual, Fremont

You’ll show up one day and there’ll be a notice that this bank has been taken over the FTIC and if you have money there, it’ll take a couple of days to get it. Or Bank of America buys them … Continue reading

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Banks With All Their ‘Capital’ In Junk Loans

Downey Savings, and then not far behind them, First Federal and Washington Mutual are going to have all the "capital" in junk loans.  No one should have any faith in the banking system and should move their money out of … Continue reading

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