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"In Globally Contained Liquidity Crunch I pointed out that the Fed was providing temporary loans (as repos) not capital to the markets. While true I missed something. What I missed involves the collateral the Fed is willing to take for those short term loans. Mr.... more
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Pinched - Salon.com
From the page: It would be nice. A middle-class family might think it would be nice to have an in-ground swimming pool. A millionaire might think it would be nice to have a yacht. The billionaire, a private jet. Someone, somewhere might think it would be nice to have food to... more
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Why were broke
Starluss: "blame the war when we were broke before it! woo!" Well if you are in debt, doesn't it seem a bit illogical to then spend recklessly on the military? I'm constantly boggled by the priority "defense" spending gets in the USA. Just... more
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Avoid The Financial Trap Of A Reverse Mortgage - Canadian...
2 reviews • canadianfinanceblog.com
They don't call it reverse mortgage because the bank pays you, its a mirrored mortgage. In a regular mortgage you build up value from paying it off, but with a reverse mortgage you lose value by NOT paying it off.
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Percentage of Credit Accounts 30 Days (or more) Past Due...
Amazing to see the number of debt here in America.
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Generation debt: more college graduates owe money after...
I think that in high school they should stress certain skills such as how to manage finances and practical, real world, things.
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Dubai official: Dubai Worlds debt its own - Yahoo! News
The heavily indebted Dubai World is not guaranteed by the emirate's government, a top financial official from the city state said Monday, offering little direction to anxious investors on a day when the United Arab Emirates registered a record fall on the back of... more
