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Once the phantom collateral vanishes, there's no foundation to support additional debt and leverage.
When a speculator bought a new particle-board-and-paint McMansion in the middle of nowhere in 2007 with nothing down and a $500,000 mortgage, the lender and the buyer both considered the house as $500,000 of collateral.  The lender counted the...
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You can be forgiven if you had concluded that Donald Trump had redefined stupid by alienating all Latino voters, who make up the second largest ethnic group in the U.S., with his false and racist comments about a virtual tsunami of violent Mexican criminals pouring over the border every day to rape our women and steal our stuff. Yes, indeed sports...

Saturday, 18 July 2015 |

Links 7/18/15

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The Christian life is a matter of prayer, not prediction; it is defined neither by optimism nor pessimism but by hope....
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July 17 (Reuters) - Wells Fargo & Co on Friday won the dismissal of a lawsuit by Cook County, Illinois that accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending practices in the Chicago area....
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Experts advise people to “never keep secrets in a relationship,” yet, according to...

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IT delays at HMRC took the shine off an overall improvement in tax collections...
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The trick is to borrow as much as you can and leverage it to the hilt, and buy, buy, buy.
Thank goodness everything's been fixed.  Now that the bigshots in the Eurozone have given Greece the Humphrey Bogart treatment--  When you're slapped, you'll take it and like it , Bogart's line as he bullied Peter Lorre in  The Maltese Falcon --...
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imageLooking for a powerful desktop that won't break the bank? Check out the Inspiron 3847 from Dell. With a quad-core CPU, plenty of RAM, and tons of potential for expansion, this PC is a great bargain -- especially when you use today's coupon code....

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