There is a debtors’ revolt going on over on YouTube. Basically when the credit card companies raise the interest rate, people revolt and pledge not to stop paying. The woman who started this was on Suze Orman tonight. Bank of America jacked up her rate to 30% from 12.99% despite the fact that she was [...]
Entries Tagged as 'Economic Depression'
Debtors Of The World Revolt And Take Over
October 17th, 2009 · View Comments
Tags: Economic Depression
California Woman lost home to Foreclosure and living in Motel 6
March 1st, 2009 · View Comments
Joan Adams is living out of a Motel 6 in the suburbs of Orange County, California. She lost her home to foreclosure. Theres no one out there to help, Joan says. Billions of dollars to all the banks for bailouts for something they caused, and yet were the ones that are homeless. Tomorrow, Congress will [...]
Tags: Economic Depression · Housing Bubble
Fear and Greed Drive Real Estate Prices
February 16th, 2009 · View Comments
Outer Banks Real Estate Tips claims that Fear and Greed drive real estate rather than supply and demand. Greed doesn’t drive someone to buy at the lowest possible price frugality does. The housing bubble was driven in part by greedy people with access to easy credit flipping houses. Anyway Outer Banks home prices have fallen [...]
Tags: Economic Depression · Housing Bubble
Frugalista buys gown for $4.96
January 18th, 2009 · View Comments
Frugal Fashionista Spends $4.96 on Dream Dress for Inaugural Ball. The new word is Frugalista. As the salesclerk subtracted extra discounts and a $25 coupon, I daydreamed about up-dos and strappy sandals. Then the clerk said the words that slapped me awake: “That’ll be four ninety-six.” Blinking, I said, “Excuse me?” “The dress is $4.96,” [...]
Tags: Economic Depression
One Degree of Separation Between Kevin Bacon and Benard Madoff
December 31st, 2008 · View Comments
Actors Bacon, Sedgwick among Madoff victims./a> NEW YORK – Call it six degrees of Bernard Madoff. Kevin Bacon and wife Kyra Sedgwick are among the many victims of the massive Ponzi scheme run by the disgraced New York money manager. Bacon’s publicist, Allen Eichhorn, confirmed Tuesday that the couple had investments with Madoff. He wouldn’t [...]
Tags: Economic Depression · Offbeat
Shoplifters of the World, Unite and Take Over
December 24th, 2008 · View Comments
Shoplifting is on the rise in this Bush economy. I’ve noticed more security guards this Holiday shopping season. Even at small stores like 5 Below. Retailers have blamed the global financial crisis for a litany of ills over the past year: slumping sales, mass layoffs and bankruptcy filings. Now, they are looking to the economy [...]
Tags: Economic Depression
Madoff Ponzi Scam Victim who lost $1.4 Billion Commits Suicide
December 24th, 2008 · View Comments
An Investor who lost $1.4B to Madoff kills himself. It wouldn’t surprise me if this Madoff Ponzi scheme claims more victims. NEW YORK – He was a distinguished investor who traced his lineage to the French aristocracy, hobnobbed with members of European high society and sailed around the world on fancy yachts. But after losing [...]
Tags: Economic Depression
Senate declares war on middle class
December 13th, 2008 · View Comments
Daily Kos: Senate to Middle Class: Drop Dead …a message from Michael Moore But even doing all that wasn’t enough to satisfy the bastard Republicans. These Senate vampires wanted blood. Blue collar blood. You see, they weren’t opposed to the bailout because they believed in the free market or capitalism. No, they were opposed to [...]
Tags: Congress · Economic Depression
Social lending site shutdown by the SEC
December 10th, 2008 · View Comments
Prosper.com Shutdown by SEC
Tags: Credit Crunch · Economic Depression
US mortgage crisis threatens tenants
December 9th, 2008 · View Comments
Tags: Economic Depression · Housing Bubble
Obama Supports Windows and Door Plant Sit-in
December 8th, 2008 · View Comments
Obama Backs Workers Staging Sit-In CHICAGO (Dec. 8) – Laid-off workers staging a sit-in at their abruptly shuttered factory are “going strong” and have no plans to give up the protest over severance and vacation pay, a union leader said Monday. Representatives of the Republic Windows and Doors plant were to meet later Monday with [...]
Tags: Credit Crunch · Economic Depression
Black Friday Stampede Death
November 28th, 2008 · View Comments
Wal-Mart worker dies after shoppers knock him down – washingtonpost.com NEW YORK — A Wal-Mart worker was killed Friday when “out-of-control” shoppers desperate for bargains broke down the doors at a 5 a.m. sale. Other workers were trampled as they tried to rescue the man, and customers shouted angrily and kept shopping when store officials [...]
Tags: Economic Depression
Brave woman stands up against foreclosure eviction and chains herself to house
November 27th, 2008 · View Comments
Anyone willing to chain themselves to prevent foreclosure has courage. But even if she can keep her home I think the mortgage payment would be like a chain around her. I don’t think there should be a mortgage moratorium.
Tags: Credit Crunch · Economic Depression · Housing Bubble
No HDTV refrigerator this year
November 26th, 2008 · View Comments
Oprah’s Favorite Things 2008 is going to be funny today. I can’t wait after the audience goes ape-crazy about Oprah’s Favorite Things to hear her say “This is going to be a frugal favorite things show.” I can’t wait for the reactions to the $6 gifts she is giving away. It is going to be [...]
Tags: Credit Crunch · Economic Depression
A Song for Uncertain Times
October 13th, 2008 · View Comments
Anthony Robbins said today on The Today Show that we are in new season: Winter. “Fast Car” is a song that best sums up these uncertain times.
Tags: Credit Crunch · Economic Depression