Archive for January 19th, 2008

Awarding people

Tropy have an excellent shop for school awards and such gifts. There are a lot of things you can think of keeping as awards for winning in various categories. Something like a Apple Box trophy looks a very nice thing.

If a sports award to the best coach is to be given, there are good coach whistle in bronze for the 3rd place. Similarly in silver and gold.

A hand painted music trophy can be given on singing nights and stuff like a Pentagon crystal too.

There are also good pepsi paper weights which you can give on some occasions.

More of Subprime

People who took installment loans with bad credit history from lenders who were so reckless to give them a loan in the first place cannot pay them back. There are huge losses by everyone. There are homes to be vacated because of this and the problem on top of this is that the rates of real estate has crashed along with this.

The big problem to add with this situation is rents for staying have not dropped. So all problems have added up and resulted in this huge crisis which is leading the United states into a recession.

Due to this recession, the global markets be it financial or realty have also started taking a hit.

Sub Prime Crisis

This has been the saying all this past year. The USA housing market has crashed big time after reaching their peaks with high interest rates.

What has happened is that people with poor credit history managed to get loans from lenders at high interest rates and these people obviously did not have that much income to pay their monthly dues. This is how it all began.

The losses due to the subprime mortgages have been estimated to be above 2 trilion dollars and institutions like Citibank and others have faced losses in access of 25 billion. The only way these poor people who have lost their homes can get it back is home they get lucky in vegas or win at Online Bingo. Sadly this is the state!


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