by Kirk Kinder on March 9, 2010
I am a big fan of John Hussman. His recent article, “The Rubber Hits the Road”, hits my thoughts exactly. The Fed and our government through a massive amount of stimulus at the economic downturn. However, this only provides a short term fix. The underlying structural problems still exist and will manifest itself at some [...]
by Kirk Kinder on March 8, 2010
Here is an interesting article about a program in Pennsylvania that loans up to $60,000 to homeowners who can’t pay their mortgage due to a layoff or other financial strain.
The program, which has distributed $450 million on behalf of 43,000 homeowners since its inception, has an 80% success rate in helping borrowers avoid foreclosure. And [...]