PERSONAL FINANCE: SHELTER FROM SUBPRIME FALLOUT 1

The fallout from the eruption in the financial markets caused by the collapse of worthless subprime mortgages is already being felt, not only in the United States, but in the rest of the world as well.

Worst hit with wide ranging effects are businesses. Large corporations are downsizing and turning out employees in the thousands into the streets and unemployment lines.
Wage earners and their families are filled with anxiety and uncertainty about the future. Many are being forced to go into arrears and into default in their credit cards and mortgages.

What can you do? In …read more