Recent Articles
The percentage of prime borrowers seriously delinquent on their mortgage rose 20.3 percent during the first quarter compared with the previous quarter. It was up 163.7 percent compared with the same quarter a year ago.
Most people fail to realize that by prolonging their problem, they are much further from a real solution.
The headline “Personal Income Boosted by Stimulus” on June 26 caught my eye. The first story was carried by CNN Money and is now available from 287 news services. When I first saw the headline and read the story, I thought “What a Load of Manure”. Well not exactly, but I will not use the first word that came to mind.
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.
As June 2009 rolls on more banks were shut down by the FDIC. In a recent article we asked “What is the main problem with banking in Atlanta Georgia? Perhaps the question should be “What’s wrong in Georgia?”