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Who Started the Bailouts?

According to a new Pew poll, the majority of Americans are mistaken about who they believe started the bailouts. 47 percent of the respondents thought that President Obama initiated the Troubled Asset Relief Program, compared to 34 percent who correctly said that it was actually...

Mortgage Woes After The Mortgage Crisis

We are all experiencing the worst recession since the great depression. It is said that as many as 1 in 12 mortgages are delinquent more than 90 days and there are more foreclosures all of the time. And much of it is blamed on the...

Visa Revenues Up

Visa, Inc. has reported that second-quarter profits increased 33% over last year as the U.S. credit card spending has climbed for the first time in over a year. Net income for the first 3 months of 2010 was $713 million or 96 cents a share...

No End In Sight To The Housing Meltdown

The Rich are walking away from their mortgages in record numbers. More than 1 in 7 homeowners with a mortgage of over $1,000,000.00 are seriously delinquent, while the numbers of delinquencies on mortgages under $1,000,000.00 is just 1 in 12. 1 in 7? 1 in 12? And...

The Decentralized Power of Blockchain and its Future

Decentralized Power The thing that makes the concept of cryptocurrency so lucrative to people is its decentralized nature. The fact that there is no centralized body or ?middle money man? to take a cut out of a transaction...

Credit Repair And The Homebuyers Tax Credit

The Homebuyers Tax Credit that was part of the economic stimulus package from last January will continue and will now include some homeowners rather than just first time buyers. The program was scheduled to expire at the end of November but last Thursday,...

An Extension For Closing?

Apparently the $8000 tax credit for home purchases was a success. In fact, it was so successful that right now it is estimated that as many as 180,000 of these people are in danger of not being able to close on time in order...

Preventing Medical Bankruptcies

While Congress is continuing to bicker back and forth between the parties about health care reform one of the effects of our currently broken system is that over 60% of all bankruptcies can be related back to medical expenses. The Senate...