Causes of Bankruptcy

The moneylenders have created the myth that people spend themselves into bankruptcy.  The moneylenders want consumers to be too embarrassed or ashamed to file bankruptcy. Yet even large lottery winners find themselves in bankruptcy court, so the statistics simply do not support this myth.  Four out of five bankruptcies may be traced to conditions which [...]

By |2012-04-12T14:43:08-05:00May 7th, 2012|General|Comments Off on Causes of Bankruptcy

Top Three Causes of the Foreclosure Crisis

The Republicans Most conservatives favor economic deregulation as a means to reduce the government’s size.  It stands as no surprise that George W. Bush never met a banking deregulation law that he didn’t like.  Many Bush-era laws contributed to an attitude that all things were permissible if there was a profit to be made. The [...]

By |2012-03-15T16:27:29-05:00March 15th, 2012|General|Comments Off on Top Three Causes of the Foreclosure Crisis

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