Remember Tom Jeffries, the velvet-voiced interviewer from HoweStreet.com? He’s on to a new gig, working for a Canadian group that is going to deliver investment interviews to mobile devices. It downloads as a podcast rather than streaming. This 15-minute interview with me took about 30 seconds to download and activate on my computer …
http://www.mobileinvestor.com/_resources/audio/download.php?file=seanbrodrick11032010.mp3
Here’s an interesting [...]
From the category archives:
Debt
Here are 7 things worth reading …
#1) The News N Economics blog has a good piece on how some countries Europe – Estonia, the United Kingdom and Lithuania are cutting wages.
From News N Economics: “every country across the 26 countries listed except Belgium, Germany, Greece, and Spain, saw the rate of hourly wage growth decrease since 2008.”
The [...]
In my latest dispatch from the debtor’s revolt, we’ll look at how walking away from a mortgage can lead to more nightmares for underwater homeowners.
From Bloomberg: Lenders Pursue Mortgage Payoffs Long After Homeowners Default
When John King stopped making payments on his home in Coral Gables, Florida, two years ago, he assumed the foreclosure ended his [...]
There’s a lot of great stuff on the blogs today. So, I’m going to give you a blog round-up, pardner.
Nice Country You Have There, Be a Shame If Anything Happened to It
Ian Welsh covers the threats that Britain and the Netherlands are making toward Iceland over its refusal to pay $5.5 billion of what amounts [...]
Professor advises underwater homeowners to walk away from mortgages
Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don’t feel guilty about it. Don’t think you’re doing something morally wrong.
That’s the incendiary core message of a new academic paper by Brent T. White, [...]
I’m about to tell you something anecdotal, but it tells me that the mortgage system is truly broken, and mortgage lenders are doomed.
We had some wonderful neighbors who moved to a new neighborhood at the height of the housing bubble. They paid about $420,000 for their new home.
Now, the bubble has imploded. A home on [...]
Yves at Naked Capitalism relates her experience in “A Curious Meeting at the Treasury Department.” A whole bunch of financial bloggers got to sit down with high-ranking Treasury officials and have their questions answered. As Yves explains …
My bottom line is that the people we met are very cognitively captured, assuming one can take their [...]
