Today’s Opinion Picks September 15, 2009
On the fiscal side, Barack Obama is presiding over the biggest peace-time government deficits and public debt build-up ever. According to my back-of-the-envelope calculations there is about a 10 percent of GDP gap between the medium and ….. El-Erian said the bankruptcy of Lehman Brothers Holdings Inc. in September gave the financial markets a “cardiac arrest” that accelerated the credit -market crisis. That week, worried about a breakdown of the banking system, …
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Today's Opinion Picks September 15, 2009
Obama picks credit card reform over housing - The Red Tape …
Bankruptcy mortgage reductions – known by the pejorative term “cram downs” by the banking industry — could help 1.7 million consumers avoid foreclosure , according to the Center for Responsible Lending. …… the difference between owing mortgage money and owing credit card money is… if you work and pay your mortgage … it will eventually get paid off. If you are working and pay your credit card… you still will be in DEBT ALL YOUR LIFE… credit card companies are …
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Obama picks credit card reform over housing - The Red Tape …