“PPIP” is what Washington (FDIC) is calling it.
It means Public – Private Investment Program, which is what the Feds want to use as a vehicle to liquidate all the toxic real estate assets off the books. A toxic real estate asset means LOANS.
There is not enough money in the government coffers to [...]

“Ostrich Syndrome” action by homeowners which represents a counter-productive denial of reality.
If you know someone that owes more on their home than it is worth then be the true friend that you are and help them out. By telling them about their options to prevent a foreclosure on their credit.
As you know they [...]

Forbes, the top ten foreclosure states are currently: 1. California 2. Florida 3. Arizona 4. Nevada 5. Illinois 6. Michigan 7. Ohio 8. Texas 9. Georgia 10. Virginia

The Labor Department says gasoline prices and clothing costs leaped the most in nearly two decades in February, driving a rise in consumer inflation of 0.4 percent in February. Core inflation, which excludes food and energy, rose 0.2 percent in February, slightly higher than the 0.1 percent rise economists expected. Can anyone guess what it’s [...]

The US Labor Department said that the jobless rate jumped to 8.1% in February, its highest month since 1983.
Here are the number of the last 3 months of the “jobs lost” mayhem: December: 681,000 lost, January: 655,000 lost, February: 651,000 lost.
**3 month total: 1,987,000 jobs lost**
If you, or anyone you know owes more than [...]