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Apparently it is the subprime mortgage melt down allover again. Only this time, the loans that customers are defaulting on due to high risk lending practices and bank greed are student loans. You know, those loans that are supposed to be easily accessibly for a more educated American public, and with low and fair [...] Student loans seem like the easiest thing to do when you’re trying to figure out how to pay for the increasingly cost prohibitive furthering of your education. There’s a lot of hypocrisy going on now when it comes to college, because government’s big aim is to educate our youth. They want to do [...] When I was searching for bank stocks to buy, and take advantage of the currently extreme negativity about banks in general given the current mortgage crisis which spawned the greatest financial meltdown most of us will see in our lifetimes, one came to the forefront as a promising business model with a promising outlook, [...] We have definitely entered a new era in the midst of the national credit crisis which seems to have everyone from mortgage lenders to automobile loan lenders running for the hills or closing up shop because many times these loans are simply no longer profitable to them. Included amongst the victims, you could say, [...] We are seeing one of the most trying economic times of our lifetimes, and experts are saying that it’s just going to get worse. Banks are failing and the government is needing to step in, many banks are not remaining solvent, and some are struggling just to avoid a major takeover, and others still [...] |
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