Tags |
|
|
Links |
|
|
Top Adding - Middle Class Americans in Foreclosure and Bankruptcy at Record Levels - Why?
Research by Harvard University predicts that 1 in 7 middle class families will go bankrupt by the end of this decade!
Foreclosure rates on American home owners have exploded over the last 5 years.
Yes, we know about the rea
Foreclosure rates on American home owners have exploded over the last 5 years.
Yes, we know about the rea
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
l estate Bubble. The Bubble was also a creation of the banking industry, specifically the policies of the Federal Reserve Bank; but
we will focus on the underlying predatory bank practices that preceded the Bubble and will e
we will focus on the underlying predatory bank practices that preceded the Bubble and will e
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
acerbate the situation once it pops.
These are the truths the mainstream media, the conservatives and the government do not want the average person to know.
Research at the Demos Institute, in New York among others; show mo
These are the truths the mainstream media, the conservatives and the government do not want the average person to know.
Research at the Demos Institute, in New York among others; show mo
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
t middle class families in foreclosure and bankruptcy are there for reasons beyond their control: Job loss, Medical bills, Family breakups account for nearly 80% of the cases.
Many of these people were victimized by the bank
Many of these people were victimized by the bank
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ng industry in their quest for super profits.
They extended excessive credit to those it knew did not have the ability to repay.
Why would they do that?
Greed, unethical business practices and the desire to permanently ens
They extended excessive credit to those it knew did not have the ability to repay.
Why would they do that?
Greed, unethical business practices and the desire to permanently ens
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ave middle class people in debt, to name a few reasons.
While credit card delinquencies exploded, up 33% from 1980 to 2001, these accounts were twice as profitable as other bank loans. Bank’s fee income from late payments, o
While credit card delinquencies exploded, up 33% from 1980 to 2001, these accounts were twice as profitable as other bank loans. Bank’s fee income from late payments, o
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
er limit charges, etc. have risen nearly 500%, from $1.7 Billion in 1992 to $7.3 Billion in 2002.
The banks convinced the Federal courts in 1997 that they are exempt from state usury laws. They can charge any interest rate t
The banks convinced the Federal courts in 1997 that they are exempt from state usury laws. They can charge any interest rate t
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
hey want. Rates as high as 29% or more are not uncommon among hapless borrowers with late or missing payments.
Banks prey on weak borrowers. A high placed Citibank credit card executive said these people were their "Best Cus
Banks prey on weak borrowers. A high placed Citibank credit card executive said these people were their "Best Cus
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
omers!" according to E. Wilson, a Harvard Law Professor in her best selling book, “The Two Income Trap.”
The banks bailed themselves out by offering these borrowers the chance to go from the frying pan into the fire by "Cons
The banks bailed themselves out by offering these borrowers the chance to go from the frying pan into the fire by "Cons
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
lidating" (paying off the bank's delinquent credit cards, including arrears and fees) their credit card debts.
They were given "Sub-Prime" loans. These loans carry high rates, making it even more difficult for these financia
They were given "Sub-Prime" loans. These loans carry high rates, making it even more difficult for these financia
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ly stressed people to pay even higher bills.
While interest rates on 1st mortgages were 6.5% in 2001, Citibank was enjoying a rate of 15.6% on its sub prime loans! (Incidentally, Citibank was fined by the government for forc
While interest rates on 1st mortgages were 6.5% in 2001, Citibank was enjoying a rate of 15.6% on its sub prime loans! (Incidentally, Citibank was fined by the government for forc
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ng sub-prime loans on minority and elderly applicants!)
Why would they, having just escaped with their profits from the delinquent credit cards, offer the same borrower tens or hundreds of thousands of dollars more money?
T
Why would they, having just escaped with their profits from the delinquent credit cards, offer the same borrower tens or hundreds of thousands of dollars more money?
T
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
e banks are cynical and immoral!
They know that by consolidating their credit card debt, the borrower's are converting their Unsecured Debt (credit card debt) to Secured Debt, mortgage debt.
The banks were positioning thems
They know that by consolidating their credit card debt, the borrower's are converting their Unsecured Debt (credit card debt) to Secured Debt, mortgage debt.
The banks were positioning thems
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
lves to make ungodly profits or take the homes of the desperate borrowers!
You see, Unsecured Debt could be wiped out in bankruptcy, Secured Debt cannot. The banks will either enjoy the super high returns on their sub-prime
You see, Unsecured Debt could be wiped out in bankruptcy, Secured Debt cannot. The banks will either enjoy the super high returns on their sub-prime
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
loans (a sub-prime, $100,000 loan can pay the bank $250,000 more than a normal loan) or they will get the person's house!
If the person falls behind in their mortgage payments, they are doomed to lose their home. Many will r
If the person falls behind in their mortgage payments, they are doomed to lose their home. Many will r
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
sh to file bankruptcy, trying to save their homes.
Whereas, they could (prior to October, 2005) have declared bankruptcy and wiped out All of their credit card debt, and been debt free, they cannot wipe out the mortgage debt
Whereas, they could (prior to October, 2005) have declared bankruptcy and wiped out All of their credit card debt, and been debt free, they cannot wipe out the mortgage debt
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
on their home by declaring bankruptcy!
Since the passage of the anti-consumer bankruptcy reform act of October, 2005, it seems that banks have closed off this possibility of wiping out credit card debts through bankruptcy as
Since the passage of the anti-consumer bankruptcy reform act of October, 2005, it seems that banks have closed off this possibility of wiping out credit card debts through bankruptcy as
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
well, sentencing even more borrowers to debtor’s prison for life.
Now borrowers will have to file a phony “bankruptcy” which doesn’t wipe out their debts, it merely gives them more time to pay them; while still showing up on
Now borrowers will have to file a phony “bankruptcy” which doesn’t wipe out their debts, it merely gives them more time to pay them; while still showing up on
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
their credit.
The truth is that over 80% of those filing these chapter 13 bankruptcies lose their homes the court mandated payments are too high. Ironically, only $300/mo more income would have allowed most of these families
The truth is that over 80% of those filing these chapter 13 bankruptcies lose their homes the court mandated payments are too high. Ironically, only $300/mo more income would have allowed most of these families
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
to avoid bankrutcy!
With a foreclosure and a bankruptcy on their credit, these people are locked into Sub Prime Hell for the rest of their lives.
I suppose that Citi Bank executive would say they were now his Ideal Customer
With a foreclosure and a bankruptcy on their credit, these people are locked into Sub Prime Hell for the rest of their lives.
I suppose that Citi Bank executive would say they were now his Ideal Customer
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.topadding.org.ua/article/138988/topadding-Middle-Class-Americans-in-Foreclosure-and-Bankruptcy-at-Record-Levels--Why.html">Middle Class Americans in Foreclosure and Bankruptcy at Record Levels - Why?</a>
BB link (for phorums):
[url=http://www.topadding.org.ua/article/138988/topadding-Middle-Class-Americans-in-Foreclosure-and-Bankruptcy-at-Record-Levels--Why.html]Middle Class Americans in Foreclosure and Bankruptcy at Record Levels - Why?[/url]
Related Articles:
So Many Affiliate Programs! Which One Do I Choose?
Personal Injury Settlement 101
Bookmark it:
|