Word: bankes
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...affordable payments. Or you could have refinanced your home at a lower rate. But today home values have fallen so sharply that even if you make a large down payment, the current value of your mortgage may still be higher than the current value of your house. So no bank will return your calls, and no sale will return your investment. You can't afford to leave, and you can't afford to stay...
...other expenses. He has about $15,000 in unpaid medical bills and a similar amount in missed house payments. He has no significant assets; his home equity is gone. Houses comparable to his in more desirable neighborhoods are selling for less than the amount he owes to the Bank of New York Mellon. As the saying goes, Zachery is under water. It was this math that led him to Wagoner's bankruptcy office. (See pictures of the top 10 scared traders...
...These men would have once spent their days barking out orders for shares on the trading floor (actually a U-shaped conference table in a nondescript downtown office) of the Harare bourse, but Zimbabwe's central bank forced the exchange to shut down last November amid allegations of fraud and rampant speculation - allegations deemed spurious by Zimbabwe's small investment-broker community. To be sure, the exchange was producing annual nominal returns of 23 sextillion percent, but Zimbabwe's inflation rate is even higher, rendering the bourse's real return close to -35%. Still, the government was taking no chances...
...stack of unused posters is but a symptom of the collapse of support for Fatah in Lebanon, home to the most politically active population of Palestinians outside the West Bank and Gaza. It was the movement's traditional support there that underscored Abbas' mandate, as chairman of the PLO, to negotiate on behalf of all Palestinians. But the failure of Abbas' negotiation strategy to deliver any meaningful change for the prospects of Lebanon's Palestinian refugees has led many - like their kin in the West Bank and Gaza - to transfer their support to Hamas and other radical Islamist groups...
...other countries to build clinics, kindergartens and social-services centers in every camp. Hamas supporters also get vouchers for medical care at hospitals run by Hizballah, the Lebanese anti-Israeli militant group that's also supported by Iran. And the refugees hear stories about leaders in the West Bank growing rich from embezzled international aid, while refugees see almost nothing in social services from the Palestinian Authority, which is controlled by Fatah. "Fatah isn't helping people," says the Beirut Fatah commander. "Hamas is taking advantage of this. They are entering deep, deep into the population...