Jan 6th 2010 5:00PM
I recently detailed the trouble that's coming for American home owners with the end of the recession (except not for us), the recovery of the big banks (but not commercial lending), the rise of the stock markets (but not jobs), and the likely further declines for housing as what little stimulus was being applied there... Continue Reading »
Dec 30th 2009 7:30AM
So why did the Obama Administration last week increase the amount of Fannie Mae and Freddie Mac losses it would cover from the previous limit of $400 billion to the new limit of infinity? In the simplest terms, it was to reassure investors like China or Saudi Arabia who have bought or might buy in the future the securities... Continue Reading »
Dec 16th 2009 4:40PM
Since AOL is no longer of the Time-Warner body, it's easy to say Time made a mistake when it announced this week that Federal Reserve chairman Ben Bernanke should be its Person of the Year. But if Bernanke was a mistake, who should be Person of the Year? I nominate Grandma -- your Grandma, my Grandma, every Grandma --... Continue Reading »
