Bankruptcy Credit Cards » Crisis

President Obama on Working Through the Mortgage Crisis

admin — Mon, 27 Dec 2010 02:02:11 +0000

The President speaks after Housing Refinance Roundtable with real people who have benefited from renegotiating their mortgages and explains how millions of others can take advantage of his Making Home Affordable plan.

(public domain)

Duration : 0:6:55

Technorati Tags: Affordable, barack, Crisis, home, housing, Making, mortgage, obama, president

The Greek Debt Crisis Explained in Four Minutes

admin — Mon, 11 Oct 2010 03:07:10 +0000

In which John explains the Greek debt crisis, which has pushed the Greek government close to defaulting on its loans, the reasons why the Euro zone and the IMF are desperately trying to bail Greece out, and what the rising cost of sovereign debt means for the massive budget deficits throughout the developed world.

Thanks to Karen Kavett at http://www.youtube.com/xperpetualmotion for the illustration.

Debt Chart: http://en.wikipedia.org/wiki/File:US_Federal_Debt_as_Percent_of_GDP_by_President.jpg

Duration : 0:3:49

Technorati Tags: Crisis, currency, debt, economics, euro, europe, finance, financial, greece, international, monetary, money, nationalism, policy, sovereign

After the Financial Services Revolution: Deregulation, Bankruptcy Reform and Consumer Debt Crisis

admin — Mon, 26 Jul 2010 05:30:09 +0000

February 8, 2007
Speaker: Robert D. Manning, PhD, Research Professor and Director, Center for Consumer Financial Services, Rochester Institute of Technology

Summary: The Frank J. Battisti Memorial Lecture

Banking deregulation has profoundly changed the financial services offered to consumers and the institutions that offer them. How has the dramatic erosion of federal and state regulation affected consumer usury laws, marketing policies, and consumer education? What are the factors that have shifted the focus of banks from corporate to consumer lending? How has the profitability of the industry changed and what does it mean to local banks? What factors are responsible to diluted loan underwriting standards? What role have credit cards played in this “revolution”? How have these changes influenced attitudes toward credit and debt now that America has a negative savings rate (first time since 1933)?

The financial services industry argued that consumer defaults on loans cost the average American over $400 simply because people are exploiting the bankruptcy law to avoid paying their debts. What are the economic realities to the industry? Can consumers expect lower cost products now that the bill was enacted? What are the most important changes in the law for consumers? What impact has the law had on bankruptcy filings? Who is responsible for soaring consumer bankruptcy rates? What role does homeownership play in the process of consumer bankruptcy?

Finally, how do we explain the dramatic change in social attitudes toward saving and consumer debt? When and why are Americans assuming record levels of debt? What are the implications of rising consumer debt to the future of American society? What are the near term consequences of consumer debt on retirement and social inequality? Is inheritance or rising property values the solution to the debt problem?

Dr. Manning’s lecture will explore all of these questions and conclude with a prediction that American society has about 10-15 years to reverse the consumer debt crisis or the U.S. will face a sharp decline in its standard of living and serious financial crises in 20-25 years — independent of the financial pressures of the retiring baby boomer “bulge.” Also, the failure to rapidly reverse the consumer debt crisis has enormous implications to the future global economic power of the U.S. as our dependence on cheap credit dwarfs our dependence on cheap energy.

Duration : 1:17:25

Technorati Tags: banking, bankruptcy, Battisti, Case, consumer, Crisis, debt, deregulation, financial, law, Lecture, Manning, Memorial, reform, reserve, revolution, Robert, school, services, University, Western

Breaking: Major Banks File Bankruptcy – Lehman Brothers

admin — Fri, 04 Jun 2010 17:57:08 +0000

158-Year-Old Investment Bank Goes Belly-Up After Failed Rescue Bid; Bank Of America Takes Over Merrill Lynch

Say hello to a recession very soon!

Duration : 0:2:45

Technorati Tags: 11, america, American, bank, bankruptcy, bros, brothers, chapter, collapse, Crisis, economy, file, international, Investment, lehman, lynch, Market, merrill, recession, stock, street, wall

President Obama predicts US Bankruptcy – BREAKING NEWS

admin — Fri, 07 May 2010 09:13:12 +0000

In an ABC news interview, president Obama predicts the bankruptcy of the federal government. It is as such remarkable, because it is the first time a president talks about this as an option: http://abcnews.go.com/video/playerIndex?id=9358333

Duration : 0:4:34

Technorati Tags: Argentina, bankruptcy, budget, celente, collapse, collapsing, Crisis, currency, dollar, Dollar crisis, faber, federal, Gerald, Index, investing, jim, keiser, Mark, max, model, obama, peter, predicts, president, right, rogers, schiff, US, USD, were

Citigroup Bankruptcy: Federal Reserve & SEC Response

admin — Sat, 24 Apr 2010 21:53:06 +0000

The purpose of this video is to discuss the real inside story regarding Citigroup’s potential bankruptcy and why the mortgage crisis, although real, is a ruse distracting the public from the real source of the problem. This is an unregulated shadow banking system dominated by hedge and private equity funds. Step one to turn the economy around should be that President Bush, Federal Reserve Chair Bernakke and SEC Chair Christopher Cox require these funds to register with the SEC and disclose their holdings and related accounting practices. Only then can confidence be restored.

Duration : 0:8:54

Technorati Tags: 2008, Bail, bill, Citigroup, Crisis, federal, financial, Funds, Hedge, Investment, management, mortgage, out, Parish, Portland, recession, reserve, SEC, subprime

Los Angeles on the Brink of Bankruptcy

admin — Thu, 08 Apr 2010 21:56:09 +0000

LA Area Chamber of Commerce CEO Gary Toebben on efforts by the Los Angeles city government to avoid bankruptcy.

Duration : 0:3:59

Technorati Tags: bankruptcy, budget, California, CEO, costs, Crisis, cut, debt, deficit, efforts, financial, Gary Toebben, LA Area Chamber of Commerce, los angeles, services, spending

The Great Bankruptcy of the United States of America

admin — Thu, 01 Apr 2010 03:21:33 +0000

The great bankruptcy of the United States: America is now run like a disaster. We have politicians that do not see more than the next election, blood sucker elit and businesspersons that trumple all ethical and moral values, and sleep walking people with a strong enough shoulder to carry them. The country is now in a disasterous swirl.

Duration : 0:9:6

Technorati Tags: america, bank, beck, collapse, collaspe, comptroller, Crisis, deficit, dollar, financial, Glenn, horor, pension, states, storm, united

Ron Paul: National Bankruptcy will Repeal Obamacare – Not Republicans

admin — Thu, 25 Mar 2010 23:57:02 +0000

Ron Paul tells it like it is: There is no “right” to healthcare. Obamacare will be repealed by a national bankruptcy. The IRS is hiring new agents to steal more money. Central economic planning has failed. A much bigger economic crisis is coming. And, every country in the world is technically bankrupt.

Ron Paul is America’s leading voice for limited constitutional government, low taxes, free markets, and a return to sound monetary policies.

Duration : 0:5:51

Technorati Tags: 3-21-10, 3/21/10, America's, baby, bankruptcy, bill, Boehner, cant!, care, central, Congress, Crisis, day, dooms, economic, Health, healthcare, Hell, Historic, house, irs, John, killer, new, No, NWO, obama, Obama's, obamacare, order, pass, passed, passes, Passing, paul, planning, president, Reaction, Ron, Senate, Speech, success, to, vote, VS., World, you

UK on the verge of Bankruptcy !!!!!!

admin — Mon, 08 Mar 2010 04:22:04 +0000

UK on the verge of Bankruptcy

uk britain Peter schiff Jim Rogers Obama gold silver federal reserve economic collapse crisis michael maloney gata inflation alan greenspan ben bernanke LTCM Peter schiff max keiser stacy herbert comex GATA dollar fiat amero currency bretton stock market crash rothschild jp morgan goldman sachs credit hyperinflation celente weimar Moriarty bullion coin manipulation lindsey williams bob chapman IMF bailout larouche alex jones ron paul wearechange depression

Duration : 0:2:38

Technorati Tags: alan, alex, amero, bailout, ben, bernanke, bob, bretton, britain, bullion, celente, chapman, coin, collapse, comex, crash, credit, Crisis, currency, dollar, economic, federal, fiat, gata, gold, goldman, greenspan, herbert, hyperinflation, IMF, inflation, jim, jones, jp, keiser, larouche, lindsey, LTCM, maloney, manipulation, Market, max, Michael, morgan, Moriarty, obama, paul, peter, reserve, rogers, Ron, rothschild, sachs, schiff, silver, stacy, stock, uk, weimar, williams