Can’t afford your home or your loan? Heck, just put in on your charge card and forget about it.

Well, at least until your credit card bill comes due next month and now Guido wants his money. One more month with your head above the toxic water and a temporary plug in your foreclosure boat for a few more weeks.

Is this a great great idea or just another debt trap for Americans? Read the rest of this entry »

By Paul Kiesel

Over the last 15 years, there have been five “avoidable events” stemming from Wall Street’s or Congress’ actions (or inaction), that led directly to the mortgage crisis. Read the rest of this entry »