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Yielding Wealth | Personal Finance

October 24th, 2007

Predatory Lending Bill Does Little in Way of Education

While the predatory lending bill introduced into the House earlier this week does, in fact, show some promise in curbing some of the practices that led to the subprime lending crash, it is somewhat low on education.
Even though mortgage lenders and other creditors, such as credit card companies, do deserve some of the blame for […]

By miranda -- 0 comments

September 26th, 2007

Take a Look at This: IMF Diagrams the Twisty Path of Global Finances

By now, it should be fairly obvious that global finances are inextricably related. I mean, the subprime lending crash here in the U.S. triggered all sorts of investing snafus all over the world. And the IMF has come out with a financial stability report. Check this out. It diagrams the twisty path from subprime to […]

By miranda -- 2 comments

September 4th, 2007

Yielding Wealth: Only Buy Things You Can Afford

This whole subprime lending mess has brought to light some very real problems with our society. This whole idea of “buy now, pay later” has really caught up to us. So, even though it is possible to use credit cards to your good, it is important ONLY to buy what you already have money for. […]

By miranda -- 0 comments

August 10th, 2007

What the Subprime Lending Crash is Going to Do to You

The word is out. Ben Bernanke’s famous “contained” statement about the subprime lending crash from not too long ago has been considered way wrong, and now rumors are flying of an emergency Fed meeting. The “shoddy” lending practices espoused by banks and brokers for the last decade have finally caught up with the U.S. economy. […]

By miranda -- 1 comment

August 7th, 2007

Finding Opportunities: Subprime Lending Crash

There are many opportunities for yielding wealth and using good personal finance sense all around. One of the most recent opportunities in disguise is the subprime lending crash.
There are many lessons to be learned from the subprime lending crash. One of those is that you should be carefully of what kind of mortgage loan […]

By miranda -- 3 comments