The Mortgage Meltdown and Credit Crunch Explained
Q: How did the mortgage meltdown and wall street’s woes lead to the credit crunch? A: The economic crisis that initially began when sub-prime mortgages started unraveling in 2006 and 2007, became a full-scale financial meltdown in 2008, and continues today to have a huge impact on the overall economy, as well as on you […]
What to Expect if Your Bank Closes
A Facebook fan read about some local banks closing, and wanted to know how – as an account holder – this will affect her. Here’s what you need to know if your bank fails. So far this year, 115 banks have collapsed in the U.S., and many of them are local banks. The Federal Deposit […]