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The Bailout of Fannie and Freddie
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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5 Reasons I Want To Be A Millionaire
If you ask just about anyone in the world if they would like to be rich they will more than likely respond in favor of wealth. No one actually wants to be poor. In fact some of us want wealth so badly that we’ll do almost anything to get it. Wars, murders, lies, deceptions, fraud…
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How Your Credit Score Defines You
Remember in High School when you would worry about how well you would do on your tests, and how those scores would either make or break your college admissions and scholarships? It wasn’t the most relaxing thing to think about. Well now as adults we continue to be graded and assessed by our scores, only…
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Why Lauren Willis Is Wrong About Money
I ran across an interesting article the other day which featured an interview with Lauren Willis, an associate law professor at Loyola Law School in Los Angeles. The name of the article is Why You Can’t Teach Money and it’s a question and answer session between a writer at Money Magazine and Lauren Willis. Lauren…
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The Carnival of Personal Finance #168
One Caveman’s Financial Journey is hosting the Labor Day edition of The Carnival of Personal Finance, highlighting the best personal finance articles around (and maybe even a few grilling tips). My recent article on Debit versus Credit, Cash In On The Economy’s Problems, earned “the choice steak” rating as an Editor’s Pick. There are some…