Stress Tests Show that Ten Big Banks Have not Recovered from the Shock of Foreclosures

Stress tests show that ten big banks have not recovered from the shocking blow of foreclosures. They need $75 billion more to be able to chug along. Without this extra amount they would not be able to stand up to the deeper recession[...] (read the full entry)

The Pros and Cons of Bankruptcy Bill’s Effectiveness to Contain Foreclosures Ruffle Feathers

The debate rages as the pros and cons of the bankruptcy bill’s effectiveness to contain foreclosures ruffle feathers. Ultimately due to intense pressure the terms had to be greatly watered down to suit the lending group. David Kittle the chairperson of Mortgage Bankers Association of Washington said, “We are pleased that the House moved [...] (read the full entry)

Foreclosures in USA Pulling Global Nations Together with Help Measures

The humble borrower crumbling under foreclosures has set off a chain reaction that has resulted in world bigwigs powwowing together in London in April. The net result has been a pill of $1.1 trillion for sick economies. Faced with this spreading infectious disease of ailing economies the global leaders have buried all their differences and come [...] (read the full entry)

Translators Trapped in a Tower of Babel Thanks to Foreclosures

Thanks to foreclosures translators are trapped in Tower of Babel. Yu Ching had been busily and profitably employed helping credit card firms and mortgage companies reach a huge section of Mandarin-speaking clients in USA. But recently things have turned upside down. This interpreter at a call centre did not how to translate certain abuses shouted [...] (read the full entry)

Foreclosures Pull Down a New Iron Curtain in Europe

In this global age, foreclosures in distant USA are pulling down a new iron curtain in Europe. The eleventh century Hungarian town of Mosonmagyarovar is prospering. This castle town is a case study of the impact of the foreclosure crisis on eastern as well as central Europe. The seeping in of greed in capitalism in the two [...] (read the full entry)

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