Word: mortgagees
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Dates: during 1980-1989
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"People don't realize how much earning money costs," says Oest, 55. "Having a job is expensive. The clothes, the car, the house with the mortgage payments. If you spend all your time working for someone else, you don't have time to learn to do things yourself."
Intelsat began getting suspicious a year ago, when Charles Gerrell, an Arkansas mortgage broker who was later convicted with Colino of conspiracy to commit fraud, demanded payment of a commission for arranging a construction loan. A spot internal audit discovered that no such payment was due. Further auditing by Peat...
Some industry experts think the luxury-housing bubble is bound to burst before too long. The economy cannot keep expanding indefinitely, and interest rates, including mortgage costs, are starting to rise from the low levels that have prevailed for the past few years. But as long as the heated demand...
It's particularly distressing, though, that those benefited with education through public largesse are so ready to disregard one of the basic conventions of our society--the repayment of debt. From farmers in the Midwest who auction off their land to pay back the banks to struggling young families who...
For some reason the defaulting students believe they are somehow better, that they can waive the rules everyone else plays by. They sit in the Ivory Tower thinking big thoughts while their debts go consciously unpaid. And who else is footing the bill but the average American taxpayer--the same...