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The "ARM" and leg that’s not being talked about

Posted by Greg L on December 5, 2009 · Leave a Comment

Over the past couple of weeks there have been a few headlines about housing prices and home sales increasing along with an overall economic recovery. The so-called economic recovery is fragile and bifurcated in the sense that Wall Street is having a party while the regular folks worry about having jobs and covering the mortgage. … Continue reading →

Filed under Economics, Financial Crisis · Tagged with Banks, Commercial Mortgage Defaults, FDIC, Financial Crisis, Home Sales, Housing, Mortgage Holiday, Option ARMs, real estate, Residential Mortgage Defaults, Tenant Vacancies, www.saveoureconomy.com

“If we remain poor and dependent, the riches of other men will not avail us. If we are ignorant, the intelligence of other men will do but little for us. If we are foolish, the wisdom of other men will not guide us. If we are wasteful of time and money, the economy of other men will only make our destitution the more disgraceful and hurtful. “
Frederick Douglass
“If you form the habit of going by what you hear others say about someone, or going by what others think about someone, instead of searching that thing out for yourself and seeing for yourself, you will be walking west when you think you’re going east, and you will be walking east when you think you’re going west. This generation, especially of our people, has a burden, more so than any other time in history. The most important thing we can learn to do today is think for ourselves.”
Malcolm X
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