The Economy

5 Reasons We Don’t Need No Stinking Bailout

Miscellaneous

A wise man once said, “with great power comes great responsibility.”  Whether you are into Spider Man or not it’s hard to ignore such a profound statement, especially when the U.S. is facing times of great turmoil and our nations’ leaders are asking for unprecedented levels of power in order to shore up the financial […]

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When Will The Bailouts End?

Miscellaneous

Maybe it’s just me, but these bailouts seem to be happening more and more frequently these days. Six months ago it was Bear Stearns. Just two weeks ago we bailed out Fannie Mae and Freddie Mac. Now, as you’ve undoubtedly heard, the U.S. government has taken it upon itself to bail out American International Group, […]

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The Bailout of Fannie and Freddie

Miscellaneous

The United States of America has officially become a nation of bailouts.  With the government takeover of Fannie Mae and Freddie Mac on Sunday, September 7 they have also become the nation’s largest mortgage provider.  They now own (or back) around $5-6 trillion in mortgage loans, which is roughtly half of the existing mortgages in […]

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The State of the Housing Market

Miscellaneous

Unless you’ve been asleep for the past year, you are more than aware of the slump in the housing market. You might be someone who is adversely affected by the downturn in housing, or maybe you are waiting for the downturn to continue because you are looking to buy your own property. My wife and […]

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