Items of Interest:
Obama's subprime pal -- White House hopeful Barack Obama talks a lot on the campaign trail about how failing banks have used subprime loans to victimize customers....
One of the banks that went under after making a lot of subprime loans -- leaving 1,400 of its customers without part of their savings -- was Chicago's Superior Bank.
At the helm of Superior Bank at least some of the time was Obama's national finance chairwoman, Penny Pritzker, an heiress to the Pritzker fortune...
Forget the Teardown, The 'Unbuild' -- Is Eco-Friendly But More Costly
When people think about someone tearing down a house, they probably imagine a dramatic scene beginning with a wrecking ball and ending with a pile of debris.
But times have changed. It's now possible to carefully disassemble a home, piece by piece, and use the parts for a new house and/or donate them for reuse elsewhere. Whatever is donated can be deducted from income tax. That's the route we chose for our teardown, which began last week...
Is Tony Soprano Running American Express? -- Like most I have an Amex Blue card and recently I failed to pay my bill on time. I got a little busy so don’t spread the word or the credit card police will be knocking on my door. I noticed on my bill that the interest payment seemed a little higher than normal so I did the calculation. YIKES! To my horror I found that the rate had jumped to 27.99%. I thought I borrowed money from American Express not Tony Soprano.
I called customer service whose reps were very polite but told me that you jump to the “default” rate when late on a payment...
- More on the Subprime Market and Derivatives - Seeking Alpha
- New Home Sales, Inventory Chart: You're Going the Wrong Way! - Seeking Alpha
- Too Many Houses, Not Enough People [Vacantvilles] - Apr 28, 2008
- The Federal Reserve's Bender - Editorial, Wall Street Journal
- Rein In Fannie and Freddie - Editorial, USA Today
- The Trouble with Doom-and-Gloom Predictions - Editorial, National Post
- Your Back Yard Could Be "Seed" Of Valuable Asset - CNBC