The Money Code Blog
Kalinda Rose Stevenson, Ph.D.  

Banking Crisis: Why The Banks Went Broke Making Money From Mortgage Loans

Wednesday, November 4th, 2009

Welcome back!The banking crisis raises many questions. 
Do you wonder how banks that claimed to hold billions of dollars in real estate mortgage assets could go broke? 
And most importantly, how did a banking crisis involving mortgages turn into a global financial crisis that affects all of us? 

Tags: bank crisis, banking, Banking crisis, economic crisis, financial crisis, [...]

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Owner Financing To Bypass The Banks During the Credit Crisis

Sunday, October 26th, 2008

Owner financing is a proven strategy that will let you bypass the banks during the credit crisis.
The current economic crisis is a credit crisis. The banks are extremely reluctant to make loans, even to qualified buyers.
This credit crunch affects both buyers and sellers.
Unless buyers can pay cash, they need some sort of financing to buy [...]

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When The Banks Cut Off Credit

Friday, October 10th, 2008

The world is in economic crisis.  So far, nothing has stopped the crisis from spreading. It started with subprime mortgages, and has grown into a hydra-headed monster that is creating fear around the world as banks cut off credit.
With global stock markets continuing their sickening plunge and the credit system all but shut down, efforts [...]

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