Submarine housing markets – Negative equity map and the 7 metro areas where mortgage balances outweigh the entire stock of housing. Examining underwater housing across the U.S.
Negative equity at such a large scale is a rather unique phenomenon from this housing bubble. Even just a decade ago, a person got into a negative equity position due to a really significant shift in a localized market. For example, a city lost a major manufacturing company that supported most jobs and home values […]
FDIC holding banking system by a thread – $13.2 trillion in assets backed by -$15.2 billion Deposit Insurance Fund. 19 Banks hold 50 percent of all banking assets out of 7,830 institutions. What needs to be done to restore the banking system for the American public.
It was interesting to see the spin regarding the FDIC quarterly report this week. The report was largely a reflection of the way we now categorize profits in the banking system. Banks made a nice amount of profit through trading securities (on bailout leverage) while at the same time cutting back the amount of capital […]
How we lost 1.3 million households from 2008 to 2009. New Census figures show a large decrease in U.S. household count.
Preliminary Census data is now coming out showing the effects of the recession on a macro scale. The 2008 Census figures don’t highlight the deep capital loss that was experienced by middle class families over the last two years. We now have data showing how deep the recession has gotten. From 2008 to 2009 the […]
The Struggling Class – The emergence of consistent poverty. How the other half live financially. 40 million Americans on food assistance and large unbanked population. Family Dollar up over 80 percent through the recession.
It is disturbing to see many articles published in foreign newspapers and magazines highlighting the plight of the middle class in America. You would think that our own media would want to cover this issue which should be at the top of the list for everyone. Instead, our mainstream media systematically attempts to keep everyone […]