Banks are bound to fail from time to time. But, asks Andrew Palmer (interviewed here), does the fallout have to be so painful?
WILSON ERVIN, the chief risk officer at Credit Suisse, a large Swiss bank, cannot pinpoint the precise moment he knew something was up: “This was not like Paul on the road to Damascus.” But signs of the gathering subprime storm in America started to trigger alarms in late 2006. Data from the bank's trading desks and from mortgage servicers showed that conditions in the subprime market were worsening, and the bank decided to cut back on its exposures.
Everything is falling to pieces for Francesca Thayer. Her beautiful old house is full of leaks and in need of total restoration. Then her relationship with lawyer Todd collapses and he moves out. As the owner of a struggling art gallery she can’t possibly manage the mortgage alone, so she is forced to do the one thing she never imagined she would: she advertises for lodgers.
Your Mortgage and How To Pay It Off In Five Years (Audiobook, MP3)
How many more decades before your mortgage is paid off? How many tens of thousands of dollars in interest will you pay between now and then? This book shows how to free yourself. Anita Bell and her husband, Jim, paid off a three-bedroom brick home on a combined income of less than $50,000 when interest rates were at 17%. And they did it in three years.
Corporate Finance (with Thomson ONE - Business School Edition) 2010
Focus on the financial concepts, skills, and technological applications that are most critical in today's workplace with CORPORATE FINANCE: A FOCUSED APPROACH, 4E. This lean text provides an in-depth treatment of topics essential to corporate finance within a streamlined presentation you can easily complete in a single semester. Review the latest financial developments -- from the collapse of the sub-prime mortgage market to the financial and the global economic crisis -- as you learn how to maximize a firm's value in today's changed world.
The bestselling one-stop guide to mortgages - updated for the post-housing crisis market! The Mortgage Encyclopedia demystifies all the various mortgage terms, features, and options by offering clear, precise explanations. Fully updated to address the new realities introduced by the housing crisis of 2007, The Mortgage Encyclopedia provides not just a complete description, but also in-depth discussion of the issues that may affect you, whether you're a homeowner (or homeowner-to-be), real estate agent, loan provider, or attorney.
