Showing posts with label Mortgages. Show all posts
Showing posts with label Mortgages. Show all posts

Tuesday, November 25, 2008

Random Economy Thought

Remember all those Web site ads for lowermybills.com? Here's a New York Times article about them. Read the last quote on the second page:

Mr. Coffin was not apologetic about his company’s methods. “One thing we will probably expand to the nth degree are the dancing silhouette ads,” he said. “It’s a great opportunity to double down on a proven winner.”
Barring any jokes about his name, what ever happened to those ads? You know, the ones that drove people to your business? The business of handing out mortgages to anyone on the internet?

Haven't seen those around lately... you guys taking your advertising in a different direction? ...I'm sure there's still plenty of places to advertise on... You guys aren't going through hard times or anything, are you...?

Oh, right, sub-prime meltdown. Yeah, I guess the advertising department would get cut first.

Monday, February 25, 2008

The Subprime Primer

The Consumerist linked to a pretty good explaination of the subprime meltdown. Not just how people buy stuff they can't afford, but how pretty much EVERYONE involved made bad decisions in order to get rich quick. Best of all, it's told through the magic of Stick Figures. Enjoy!

Warning: Language that might make some of the more sensitive people gasp.