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Tag Archive: federal government
Cities Can File Bankruptcy Too
How does a city go bankrupt? Same way you or I do, spending more than it takes in, over-estimating revenue, under-estimating expenses, or just ignoring reality. Like the federal government, local governments spend OPM, other people’s money. Its just that only the Federal government can print money. We used to be a federation of states,…
The New Truth About Debt Settlement Companies
“We can settle your debt for pennies on the dollar!” You don’t hear those ads as much as we used to, because the federal government finally clamped down with FTC regulations 7 months ago. “Settle your debts for 60, 70 as much as 85% off!” What these debt settlement companies left off their spiel was…
The Foreclosure Scam Story
False advertising fills the airwaves: “the secret credit card companies don’t want you to know.” The secret? They don’t tell you is, you pay, and get no guarantee of anything. The State of Ohio busted a foreclosure scam outfit operated with attorneys. Check with your state’s Attorney General’s office. Better Business Bureau, not so much….
Foreclosure Fraud, What Does It Mean?
We write mostly about specific issues and ways to improve family finances, what might be called micro issues by the economists. This post is a look at the macro picture, as it is referred to by the “dismal science” of economics. Massive fraud in mortgage documentation is coming to light across America. The Federal Reserve,…
