xxxx

Yesterday when the Federal Reserve decided to print $1.2 trillion and pump the money into the economy, including buying $750 billion in mortgage backed securities and $300 billion in Treasury debt, every news source said it was a good move that would bring down mortgage …

To help keep the economy from completely going into a depression, the Fed agreed today to keep interest rates low for “some time.”
They are also thinking about taking some “unconventional” ways to help revive the economy.
Specifically, the Fed said it is now “prepared” to buy …

News today from the Bush Administration says that they may pass the auto bailout on Wednesday. Like the proposal from the U.S. House of Representatives, the money will be coming from the banking bailout funds.
Treasury Secretary, Henry Paulson, said that the government would not just …

The same bad debt and problems that brought about the residential mortgage crisis may soon bring about the commercial real estate bust.
Malls across the country are being forced into foreclosure, as well as hotels and other commercial properties.
A problem facing commercial mortgages is that, …

Today, Friday November 21, the Dow ended over 6.5%, or 494 points, up today. The best guess as to why the sudden change in heart by investors is that Obama is likely to name his treasury secretary sometime soon.
He is likely to announce New York …