Tag Archives: Foreclosure

A California man has committed suicide just before his home was to be foreclosed. Thanks to our monetary system whose only purpose is to suck us dry till we dead. Norman Rousseau killed himself as he was just days away from being evicted from his house. “The engine is smoking like a chimney,” Norman Rousseau told his wife after working ... Read More »

Bank of America has reported a second straight quarterly loss, driven by a $2bn (£1.25bn) writedown of its mortgage business. The bank announced a net loss of $1.2bn in the last three months of 2010, compared with a $5.2bn loss a year ago. However, last year’s results included a $4bn charge related to the government’s Troubled Asset Relief Program (Tarp). ... Read More »