Housing crisis and a look behind the scenes>

Wow - I was sort of napping on the couch yesterday when I listened to This American Life on NPR. They did a show called The Giant Pool of Money (you can listen to it here: http://www.thislife.org/). What an eye-opener.
It gave a real behind the scenes look at how so many people and institutions got in such financial hot water. Lending institutions were telling people to lie on their applications while at the same time mortgage apps were asking for less and less information, or at least verifiable information. They interviewed one guy whose mortgage app had him earning over 16,000 a month! The poor guy had no idea - because he actually made around 38k a year.
If you care at all about the housing crisis - listen to this show.

Comments

Post a Comment

Popular posts from this blog

Olive oil and lemon juice gallstone cleanse works!

Image
May 29, 2011 - This post has been up since June 2008. I am amazed at the number of people who read it. There are several hundred page views every month. Please take the time to read the various comments after my post. In addition to some success stories, I have been diligent to put up comments from people who don't agree with my thinking and/or experience on this matter. My purpose in writing this was NOT to try to convince others to do what I did, but rather to share my experience. Anyway - since doing this I have not had any further issues with gallstones or pain (knock on wood, toss salt over my shoulder, etc. etc.). I am not trying to replace a visit to the doctor, just sharing what I did and inviting others to share their experience - even when it does not line up with mine. January 8, 2012 - the comments and readers keep coming. I thought I should mention one more thing. If you take the time to read all the comments you will find some variations on the recipe I followed. I
Read more

A blog called SuperForest and saving seeds.

Don't cha love the interweb? You can find the coolest people out there. One day whilst surfing around I found a blog called Super Forest. What a great combination of uplifting stuff along with challenges to do better by our planet. Super Forest is very much behind the Millennium Seed Bank. What is that, says you? From Wikipedia: "The Millennium Seed Bank Project is an international conservation project coordinated by the Royal Botanic Gardens, Kew . Launched in the year 2000... its purpose is to provide an "insurance policy" against the extinction of plants in the wild by storing seeds for future use. The storage facilities consist of large underground frozen vaults preserving the world's largest collection of seeds.In April 2007 it banked its billionth seed, the Oxytenanthera abyssinica, a type of African bamboo." Anyway - the folks at Super Forest are raising awareness and raising funds to save one seed. Read about them here: http://www.superforest.org
Read more

Love Wines Opens Tasting Room in Lowell at Red Barn Mercantile

Image
  Red Barn Mercantile Opens Tasting Room for Love Wines Originally Published in the Lowell Ledger August 16, 2023 Hopefully by now anyone reading this article appreciates how important it is to shop at locally owned businesses because studies consistently demonstrate how dollars spent at a local mom and pop results in way more of that money staying right in the community. Want to know a way to double down on that principle? It happens when you support a local family owned business that is selling a product produced by another family owned business. The Red Barn Mercantile at 217 West Main is a mom and pop business owned by Laurie and Marty Chambers. After lots of phone calls, form filling, and hoop jumping, they are very pleased to open their tasting room for Love Wines – hand crafted wines produced by another family operation located in Luddington, MI. The wine tasting room is one more step for Red Barn Mercantile in their effort to provide a nice selection of Michigan Made food, b
Read more