Tag Archives: US

See ‘I.O.U.S.A.’ and weep for our kids (and their descendants)…

Posted on August 22, 2008 by editor

(a summary) Thursday, August 21, 2008 Over the last few years, millions of homeowners borrowed more money than they could repay. They were living beyond their means, hoping that sometime in the future, something would come along to bail them … Continue reading →

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LARGE US BANK TO FAIL IN MONTHS (want more of the same?)

Posted on August 19, 2008 by editor

The global financial crisis is set to get worse, with a large US bank likely to collapse in the next few months, a former IMF chief economist has warned. Kenneth Rogoff’s comments came as shares in Fannie Mae and Freddie … Continue reading →

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MIDDLE CLASS HOMELESS LIVING IN CARS?

Posted on August 9, 2008 by editor

(summary by editor) Homeless people living in cars and mobile homes across the US are being joined by a new breed: the middle-class. As mortgage foreclosures continue rising month on month, growing numbers of middle-class professionals are losing their homes … Continue reading →

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McCAIN GETS EAR FULL IN OHIO….

Posted on August 8, 2008 by editor

 (summary by editor)  August 8, 2008 WILMINGTON, OHIO — Finally given a chance to address Sen. John McCain, Mary Houghtaling choked up Thursday and began to cry. Houghtaling first warned McCain of the pending catastrophe July 9 when he campaigned … Continue reading →

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