What is debt ? You can find lot of definitions in books but my definition in simple words, it’s money borrowed which sometime in future must be paid back. Interestingly if it need not be paid back then, it becomes a gift or a donation.
Entries from December 2010
-Fannie Mae III
August 21st, 2008 · 1 Comment
Tags: Finance & Economy
-FDIC III
August 18th, 2008 · 1 Comment
It has not been very long since I made a post about FDIC. Those else where outside United States if you’re wondering what is FDIC it’s called Federal Deposit Insurance Company and what it does is “ if a bank files for bankruptcy and all depositors loose their money then, this agency takes over the [...]
Tags: Finance & Economy
-Happy Independence Day
August 16th, 2008 · No Comments
August 15-2008.
Hi, guys sorry for the delayed posting. I had been looking for a video clip of independence day celebration in my town (NJ). But so far looks like nobody has uploaded a video or a photo presentation for 2008 celebration.
Tags: India
-Alt-a
August 16th, 2008 · 1 Comment
Alt-a loan problem in US.
Tags: Finance & Economy
My Trip to India VI 08/12/2008 - Last one.
August 12th, 2008 · 2 Comments
This is the last post on ‘My trip to India’ series. It won’t be over until I include some economic facts into my posting and present my individual point of view about certain things. Without that I guess series would look more like a traveling photo journalist’s log…
