Steadfast Finances

 Financial Crisis, Mortgages         1 comment

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For anyone that doesn’t understand how the stock market crash and the credit crisis are related to the foreclosures in your neighborhood, this video might be for you.
It clearly shows how one simple family based (sub prime?) mortgage was converted into a “ticking time bomb” after some creative financial processing.  …

 Consumer Education, Documentary Films, Financial Crisis         No comments

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Niall Ferguson’s popular book, The Ascent of Money: A Financial History of the World, made it’s debut as a documentary film tonight via PBS.
I will not bore or insult you by doing a review, because quite honestly, the film is so well done that it would take several days for me to write a review that …

 Auto Sales, Bargain Hunting, Financial Crisis         3 comments

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60 Minutes just aired one of the best video segments I’ve seen (to date) that sheds some new light on the 700 Billion Dollar Bailout Question:
What caused the current financial crisis?
In the segment, 60 Minutes tapped credit market expert (Jim Grant from Grant’s Interest Rate Observer) to delve into …