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Freddie Mac asks government for $30.8 billion

Freddie Mac reported a $50 billion loss last year and is now asking the government for nearly $31 billion in aid to help with the giant loss.
This also comes just a day after Bernake said that the government would not allow big banks to fail. …

Warren Buffet believes the economy will remain in “shambles”

The billionaire Warren Buffet, who has made his money in investments, belives that the United States economy will remain in bad condition through 2009 and “well beyond.”
The news didn’t give any hope to investors or people waiting for the economy to pick up.
Then again, his …

Remember Investing Is About Profiting / Tip: Invest Not Restrict

People are always asking me which stock to buy, or which sector is hot right now for them to jump into. Questions like that usually make me laugh a little to myself, because even though investing is in part about what is “hot”(an investment must …

Is the Wealth Gap Growing? Well yes.

Studies are showing up that the wealth gap is starting to become and more separated not only in America but America in relation to other countries as well. In America I’m sure people can feel it here without me saying much about it. I’m sure …

Warren Buffet is “buying American”

Multi-billionaire Warren Buffet is telling people to buy American stocks even though the economy is in the toilet. He is even practicing what he preaches by buying into American companies. He went on to say, "If prices keep looking attractive, my non-Berkshire net worth …