Is it really the American consumer they're blaming for the mess on Wall Street? - 02/18/09 10:23 AM
I don't know about you, but I'm so tired of hearing the media place blame on "the American consumer" for the state of the economy. Remember when they told us that American consumers were spending too much, especially when they bought their homes? Needless to say, someone allowed 100% financing to take place??? Who was that anyway? It is apparent now, that the banks unloaded their risky loans on Wall Street's unwary investment companies. I would guess that many people trusted those same investment firms to invest their savings carefully, so that it might be there someday.
Now I'm reading that … (0 comments)

Biting off your nose to spite your face... - 02/09/09 07:37 PM
Nowadays, some credit card companies are changing the rules to their user agreements. This is a prime example of "biting off your nose to spite your face". One might ask how could that be? In essence, a credit card company needs income to keep afloat, but by raisiing their interest rates and saying you could close your account if you don't like it, is basically throwing good business out the window. Granted, not everyone that would leave are worth keeping, but not having regular interest income from your good paying customers is another story. It would stand to reason that the people who could get a better … (0 comments)

 
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Lisa Hayashi E-Pro REALTOR DRE#00915227

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