Ricardo Cortez's (rcortez) Blog

The Treasury will buy banks' risky mortgage-backed assets in an effort to alleviate investors' worries about the institutions' solvency and free them up to do more lending. Even if those efforts succeed, the effects of the FED bailout will be far from instantaneous, and borrowing could remain ver...

As we are watching the rhetoric of the Debates and the campaigning to be the next President of the United States. One of the key issues and question on many people's mind is what will either candidate do, if elected, to stimulate an ailing real estate market, especially here in Arizona. Each can...

The credit markets finally got a bailout bill, but the stranglehold hasn't let up -- a troubling sign that lenders and investors believe the package will only be a baby step in the long road to economic recovery. The credit markets, where companies go to get cash loans, have seized up since the b...

Wall Street ended its worst week in seven years with another tumble on Friday on fears that the $700 billion financial rescue package may not unblock credit markets and stave off a U.S. recession. After much legislative haggling that roiled and captivated global markets for the past two weeks, th...