House begins work on overhaul of financial regulation

Let’s see now, Congress hasn’t even finished work on health care reform and now the House of Representatives is taking up another issue that has been a priority of President Obama. In my opinion, one of the main reasons Obama won the election against John McCain was the complete and total meltdown of the financial [...]

Banks raising fees after receiving TARP funds

This may fall under the “the government can’t tell them what to charge for fees” category, but it bears mentioning. It is being reported that some banks are raising fees after having received money from the Troubled Asset Relief Program (TARP). It concerns me because I do not necessarily believe in government intervention into the [...]

Mortgage companies under investigation by the FBI

In a new development concerning the economic crisis surrounding the mortgage industry, FOX News is reporting the FBI is investigating mortgage finance companies Fannie Mae and Freddie Mac, along with Insurer American International Group (AIG) and Lehman Brothers. While I am not a vindictive person, I believe this investigation is a good thing, if it [...]

A $700 billion dollar bailout

I will be the first to agree if you come right out and tell me I don’t know much about the economy and the way it should work, but I am pretty sure the way things have been going lately, that’s not how it’s supposed to be. Between the credit crisis, the mortgage crisis, and [...]