Finance
Last summer finished the Recession, but began the expansion economic downturn
The term recession technically does not apply to the United States in its current state. Monday, the government announced that June 2009 was when the economic downturn officially finished, even though the economy is still terrible. This has been the longest slide since World War II as the economic downturn lasted 18 months after beginning ...
Taxpayer private loans being repaid by American International Group
the bailout caused American International Group to borrow a ton of cash. The insurance business really took out a $130 billion short term loan from all of the taxpayers that caused a lot of talk. AIG has shown progress. This gives hope. Various billion has been paid back to the government while debt negotiation ...
Working on getting debt consolidation
Numerous want to divest their debt when the economy is so bad. Trying to get a better interest rate with a mortgage loan modification is an idea while numerous still settle their extra debts by just getting a second mortgage. The market started to tank making many of the strategies fail miserably. It is hard ...
Americans like Social Security continuing
Cutting social security to fix the deficit is not an idea that Americans like according to a survey funded by AARP and conducted by GfK Roper. Cutting Social Security is not wanted by 85 percent of American's, reports the Huffington Post. Within the survey, 72 percent "strongly opposes" this action.
Anybody with Social Security benefits say ...
20 percent of homeowners have underwater mortgage loans
Recent studies reveal that 20 percent of Americans owe more on their homes than the home is worth. That means 1 in 5 individuals would not benefit from mortgage loan modification even if they could get it. The number of underwater home loans is slowly decreasing though. Nevertheless, that decrease is partly due to the ...
