Posts Tagged ‘investor’
From 2007 through 2009 Mortgage Blues reported on the subprime crisis. Daily articles highlighted a nation in turmoil as financial greed and abuse rocked the country.
Most people fail to realize that by prolonging their problem, they are much further from a real solution.
When I returned from a trip on Friday, Bob Seger’s Against the Wind was playing. I sat listening to the lyrics after I parked the truck. It seems funny, I started the truck on Saturday and “Against the Wind” was playing again. I looked at the dash where the CD player would be and realized I was in my old truck and didn’t have a CD player. Almost exactly 20 hours later, the same song was playing on the radio, parked in my driveway almost exactly where I left off the day before, an omen, a subject or the mood.
What is the main problem with banking in Atlanta Georgia? While early reports show huge default and foreclosure rates inside the downtown loop, many homes were sold outside of Atlanta. Today, another bank was closed.
This case is not as clear-cut as shady characters selling subprime paper while telling investors they were investing in safe government back student loans. Here is this case: