I have to admit, this article covers a topic about which I know very little. I suppose you could say I am looking for someone to educate me on the subject. Have you ever heard of derivative trading? I didn’t have a clue what it was until sometime last year. You know, when all...
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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...
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First, there was Fannie Mae and Freddie Mac receiving help from the federal government. Then Lehman Brothers was allowed to go belly up, before AIG received some $85 billion dollars in their own financial bailout. Not long after that, the $700 billion bailout package was passed by Congress, after being touted as a necessary...
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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...
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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,...
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ABC News is reporting the United States Government has agreed to a bailout of $85 billion of American International Group, better known as AIG. In a bid to save financial markets and economy from further turmoil, the U.S. government agreed Tuesday to provide an $85 billion emergency loan to rescue the huge insurer AIG....
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