andreasnewyorkcity

Read this Article America, 11m borrowers “under water”

In Arctic Oscillation, Capital Shortfall, Cyprus Investment Promotion Agency (CIPA), Cyprus Securities and Exchange Commission (CySEC), Economic Institutions, Financing Reconstruction, FX, Global Economics, macroeconomic factors, Regulatory demands, selective default, spillover effect, Turbulent Markets on November 9, 2011 at 5:20 pm

30m mortgage holders out of 55m are paying above market interest rates… 1% over the average for a new 30 year…
This is quoted from the article: “I answered an ad in 1995 that I thought was for a job related to “security” (as in security guard) but was in fact related to “securities.” That’s how little I knew about the stock market. A few months later I found myself working a phone at a Fidelity Investments call center. Things went well, and by 1999 I was a Merrill Lynch financial adviser and a certified financial planner.”
— How a Financial Pro Lost His House – NYTimes.com
http://www.nytimes.com/2011/11/09/business/how-a-financial-pro-lost-his-house.html

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