When people ask why banking CEOs haven’t been called to account for the devastating mortgage meltdown that helped plunge the …
subprime
The Stubborn Consumers Who Just Aren’t Buying Cars
At first glance, June 2012 appears to be shaping up as a fairly big month for auto sales. Industry experts estimate that 1.2 million new cars will be sold by the end of June, a rise of 18% compared to last June, and the most cars …
Foreclosure Lite, Or Losing the Home You Bought With Nothing Down
If you’ve read anything about business in the last couple of months, and I’ll work under the assumption that almost all the readers of this blog have to avoid repeating all the sordid details, you know about the subprime mess. The basic story line goes like this:
Irresponsible and unscrupulous bankers offered borrowers loans at high …
