Nov 24 2008
When Will the Bailouts Stop? When the Housing Market hits Rock Bottom Prices.
This weekend it was announced that the ailing Citigroup would receive additional support from the U.S. government. The initial leaks didn’t appear to be all that fantastic with another typical injection of $20 billion in capital infusions via the U.S. Treasury. The more troubling item is the U.S. government will now be backing a toxic [...]
Nov 12 2008
TARP Readjustment: California, Florida, Nevada, and Arizona on a Financial Economic Island. Those Option ARM Loans Are Your Problem.
The morphing financial crisis has taken a major change today. Henry Paulson came out today announcing that the main component of the $700 billion bailout plan will no longer be the centerpiece. If you recall a few weeks ago with the highly unpopular bailout, the major contention was that much of the money would be [...]
