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Discipline will save the day; PERSONAL FINANCE HOUSING What happened to regular savings and paying off debt?(Business)

Article from: The Birmingham Post (England) Article date: November 07, 2008

In a quiet moment of reflection in amongst all the recent carnage in financial markets, I considered what event, or series of events may have contributed to the extraordinary happenings in global finances.

At the heart of things, particularly in the UK and the United States is "home sweet home".

Our home is traditionally our largest personal asset and our mortgage is our largest financial liability. Sub-prime loans, or put another way, high risk credit was one of the major factors in destabilising the banking sector.

This can be traced back to Northern Rock who were ...

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McMahon Sues Billionaire, Hospital Over Broken Neck

Posted Jul 19, 08 1:08 PM CDT in Gossip 

McMahon Sues Billionaire, Hospital Over Broken Neck
Source: AP Photo

(Newser) – Venerable TV sidekick and debtor Ed McMahon is suing two parties he says have contributed to his financial crisis, People reports. First, McMahon’s suit alleges that “unsafe entry stairs” at a billionaire investor’s home caused him to fall and break his neck; the second party is the hospital he was taken to, which allegedly failed to diagnose the broken neck and subsequently provided substandard care. McMahon, meanwhile, is trying to save his Beverly Hills home from foreclosure.

Source: People

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