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Picture this scenario: a man in his late 20’s has just been laid off from his job in a company where he has worked for five years. He is paying for a mortgage, debt from three credit cards, and what is left of his student …

The government has bailed out a handful of banks and savings-and-loan firms now and spent billions of tax dollars in the process…So the question now is what exactly is preventing such a huge failure of the United States financial system in the future?
To me, it …

Well it’s happening…the government is taking over Fannie Mae and Freddie Mac as soon as tomorrow…well this morning. These two mortgage lenders either back or actually hold HALF of the country’s mortgage debt…and they’re obviously in trouble. According to the AP, a government bailout …