Join the Big Bank Exodus

Written by Gary North on February 29, 2012

Some Americans are fed up with the big banks. They are withdrawing their funds and placing them in regional or local banks. They have several reasons. One is new fees. The old standbye, poor customer service, is also invoked. The defection rate for large and medsized banks in 2011 was a little over 10%. That’s […]

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The Case for House Foreclosures

Written by Gary North on February 15, 2012

Real foreclosures that take place on the courthouse steps are a benefit to the community. They get homes occupied. They get paying people shelter. There is enormous hostility to foreclosures. Lenders hate them, because they must write off the losses. People who stopped paying but who live in the houses rent-free hate them. They like […]

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