Posts tagged as:

Credit


News Flash: Dow Jones Loses 780 Points …or… The Sky is Falling!

by John P.

Market CrashDamn! Why has everyone lost their freakin mind lately? Basically every where we turn the economic indicators are going absolutely insane! Let’s recap some of the horrible things that have been going on lately, shall we? Yes. We shall…

Before we get started, I would just like to send out a big “I told you so” to all the haters who didn’t believe it when I called in the recession on March 10.
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Exactly 9 Years Ago Today: Fannie Mae Eases Credit To Aid Mortgage Lending

September 30, 2008

This is sickening. Thanks to Jimbeau for passing along this little piece of financial history. If you wonder why the economy is completely in the crapper right now, well here is a contributor to the problem. Nine years ago today the New York Times issued this report. Let’s be clear, although the report gives some [...]