The shrinking number of U.S. banks but growing assets – From 12,000+ in 1990 to roughly 7,000 today. The rise of the too big to fail banking system. Are bank hours conducive to the working and middle class?
Some people have a hard time believing that prior to the Great Depression, there was a point in U.S. history where we had over 20,000 various and diverse banks in the country. These banks would boom and bust and with no FDIC insurance, placing your money in a bank was a risky proposition. The Federal [...]
Middle class shuffle – how the banking system has given the illusion of prosperity with debt serfdom to working and middle class Americans. $14 billion in consumer credit yanked from the system last month.
A cold bucket of water was thrown on many middle class Americans when the consumer credit figures for May were released. Analysts were expecting an increase of $1 billion but instead over $14 billion in consumer credit was yanked from the system. You would think that a growing and healthy economy would require more credit [...]
Top 10 states with biggest renter occupied housing. Does having a low owner occupied housing rate create a state housing bubble? Renting is the solution, not the problem with the current housing crisis. Rents have fallen for Los Angeles and San Francisco.
Many articles are now finally highlighting the financial benefits of renting or leasing a home. There is no national association with deep budgets that promotes renting so there is little advertising dollars that go into this market. But in many cases, renting is a solid and financially wise decision. Given this current housing market debacle [...]