U.S. Treasury Department Contracts Out Its Own Job
The U.S. Treasury Department has recently hired Morgan Stanley, an investment bank, to assess how vulnerable the Government Sponsored Enterprises (GSE) of Fannie Mae and Freddie Mac are to future economic problems, in part by evaluating how much capital the GSEs should have in the future to weather any such similar housing problems. GSEs are [...]
Top Financial Leader Thinks Second Wave of Foreclosures Coming July 1
“We have a wave of foreclosures coming after July 1, which may make the first wave look small by comparison.” - Sen. Christopher Dodd (D-CT)
Earlier this week, Senator Christopher Dodd (D-CT), Chairman of the Senate Banking, Housing, and Urban Affairs Committee, expressed his less than enthusiastic financial forecast for the coming months during a Securities [...]
Why Didn’t I Receive My Economic Stimulus Check?
It’s early May, the last two digits of my social security number are between 00-20 and I filed my taxes on time with a direct deposit and I have some serious spending to do – where is my stimulus? Well, serious spending is more like a new ceiling fan and light fixtures, but hey, [...]
Should We Buy Individual Stocks Anymore?
In the aftermath of the Federal Reserves bailout of Bear Stearns, I have begun to wonder if buying individual stocks is worth the risk anymore. As you have probably heard, the Federal Reserve recently coughed up 30 billion dollars in loans to J.P Morgan to purchase the struggling Bear Stearns for $10/share. [...]
My Student Loan Decision
In a recent post, which you can view by clicking here, I broke down a recent offer my student loan lender, Iowa Student Loans (ISL) has presented. Because of the recent turmoil in our credit markets, the Federal Reserve has been cutting the Federal Funds rate, which for many has been a good thing. These [...]
