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Eminent Domain for Underwater Mortgages… Another Bad “Bail Out” Idea?

California found it’s self in the middle of a national debate last year when San Bernardino County, considered the Eminent Domain tactic as a way of helping residents victimized by the recent housing crisis. With push back from Wall Street groups and the lack of public support the idea never materialized. Well, the rob from […]

US Household Debt Drops… But Not for Everyone

AP – U.S. household debt has dropped and more consumers are paying their bills on time, signaling some growing stability among consumers in a still shaky economy. A report released Wednesday by the Federal Reserve Bank of New York found that total household debt fell by $78 billion in the second quarter to $11.15 trillion, […]

US Household Debt Drops… But Not for Everyone

AP – U.S. household debt has dropped and more consumers are paying their bills on time, signaling some growing stability among consumers in a still shaky economy. A report released Wednesday by the Federal Reserve Bank of New York found that total household debt fell by $78 billion in the second quarter to $11.15 trillion, […]

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