December 2008
9 posts
“When handed a Lehman, make Lehman aid.”
– Harold Meyerson
Dec 31st
Dec 24th
Dec 23rd
If you take out the FIVE worst states: AZ, CA, FL,... →
Dec 12th
Defaulters default again
According to the Office of Comptroller of the Currency statistics released today, 36% of borrowers who had their loans modified in the first two quarters of 2008 re-defaulted after just 3 months. After six months, the redefault rate was roughly 56%. After eight months, 58% of borrowers re-defaulted.
Dec 9th
Dec 5th
Dec 4th
Dec 3rd
Credit Card Users
According to Meredith Whitney, 90% of all credit card users “revolve” at least once a year.  Meaning, they pay a portion of the bill one month, and pay the balance in total the following month.  WOW!  She said that 45% of credit card users do this more than twice a year.
Dec 2nd