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Spotlight on Homeowners Facing Foreclosures
Now that the U.S. election is over, the new president, together with his secretaries, advisers and Congress, can now start to work and focus on rescuing Americans who are facing expulsion from their foreclosed homes....
“Banks: We are making loans after bailout” CYA (cover you’re a… ) ?
“Banks: We are making loans after bailout” Senate panel concerned money is going toward compensation, acquisitions Story posted by msnbc.msn.com I’m sure quite a few companies are trying to do a lot of... Are We Failing to Allow Failure? Is that a bad thing?
Is it the government's job to bail out any and every company that fails? Are businesses no longer accountable for their actions? Where do we draw the line? General Motors is the latest company begging for a blank... Pelosi supports new help for ailing US automakers
The US has been rife with specualtion over whether the US government would inject huge amounts of money into the US auto industry in order to keep it afloat or let it die. Speaker of the House Nancy Pelosi signalled... AP FACT CHECK: Obama “Infomercial” Avoids Budget Realities
"Democratic presidential candidate Barack Obama was less than upfront in his half-hour commercial Wednesday night about the costs of his programs and the crushing budget pressures he would face in office.... 249 views | 2 comments | 12 recommendations
They Did It On Purpose: The Housing Bubble & Its Crash were Engineered by the...
During the Clinton administration, the government required the financial industry to start expanding the frequency of mortgage loans to consumers who might not have qualified in the past.When George W. Bush was named president by the Supreme Court in December 2000, the stock... South Korea guarantees foreign loans
South Korea will guarantee foreign loans to help stabilise financial markets.The government is expecting about $100 billion to be borrowed in the deal.Another $750 million will be released into the Industrial Bank of...As Credit Crisis Spreads, Global Approach Weighed
" WASHINGTON — The United States and Britain appear to be converging on a similar blueprint for stemming the financial chaos sweeping the world, one day before a crucial meeting of leaders begins in Washington that the White House hopes will result in a more coordinated...Fed Tries to Unclog Credit Markets With $900 Billion
" The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe. The Fed's action is aimed at spurring... Hear The Train A Comin'
I know nothing about economics or finances. However, it would seem to me that the things which have led to this current financial crisis isn't anything new. It's been going on for a while now. The housing market has... 74 views | 0 comments | 0 recommendations
Hedge funds loans to break the banks « Peter J. Cooper’s Weblog
" It might look amusing to think of the hedge funds who had been shorting the bank stocks suddenly getting shafted. But whose money were they playing with? Yes, it came from their subscribers but who else? Well, the banks of course - and given the massively geared nature of...Burning Through Billions
"I thought it was expensive in Vancouver… So far this week the US fed has committed: AIG= $85 billion Fannie Mae and Freddie Mac=$200 billion Federal Housing Administration to refinance failing mortgage into new, reduced-principal loans with a federal guarantee, passed as...Financial Literacy – Control Your Credit – Metal Con
The Advertising Council, in partnership with the U.S. Department of Treasury, announced today the launch of a new public service advertising (PSA) campaign designed to encourage young adults between the ages of 18...Senate to Fannie, Freddie: Freeze Foreclosures!
"This week, several mortgage companies were placed under the control of government-backed enterprises Fannie Mae and Freddie Mac. And to provide the troubled borrowers with immediate relief, the Senate Banking...This just has to be a great week for gold and silver! « Peter J. Cooper’s ...
"It looks like the financial crisis will claim its first big victim this week in the shape of Lehman Brothers, unless ‘a miracle occurs’ in the words of one observer. Meanwhile, shares in Merrill Lynch plunged 50 per cent last week on fears over its viability; American...
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