Sal Gutierrez's (sal_g) Blog

has the FED gone too far this time??  The Bush administration asked Congress to buy $700 billion in toxic assets clogging the financial system and threatening the economy as negotiations began on the largest bailout since the Great Depressi Here is what we are facing (potentially) as a result: Hi...

The Senate Banking Committee chairman says the government's financial rescue plan will be costly, and is demanding more details about the program to confront the worst financial crisis in decades. Sen. Chris Dodd told reporters, "We're anxious to hear the ...

The government took action Friday morning to ease a potential panic about the safety of Americans' money -- particularly the solvency of money-market mutual funds. Americans money is safer today as government guarantees money market funds The Treasury Department said it will -- at least temporari...

The Bush administration sketched out a multi-faceted effort on Friday to confront the worst U.S. financial crisis in decades, outlining a program that could cost taxpayers hundreds of billions of dollars to buy up bad mortgages and other toxic debt that has unhinged Wall Street. The government st...

I had to wait until mid-Spetember (now that we average less than 100 degrees - finally) ... to share this story Phoenix ranked #5 for " America's Best Cities for the Outdoors " The report looked at factors such spending per resident, parkland, city land, recreation index, sunny days, rain and ai...

  The Federal reserve is plannig a massive bailout of financial institutions. The stock market loves the plan and stocks are up nearly 800 points in 2 days. Here are the details of the proposed plan The Federal Reserve said it will expand its emergency lending and let commercial banks finance pur...

Wall Street extended a huge rally Friday as investors stormed back into the market, relieved that the government plans to rescue banks from billions of dollars in bad debt. The Dow Jones industrials rose nearly 360 points, giving them a massive gain of more than 770 points over two days, and Trea...

Earlier this year the FED helped arrange the buyout of Bear Stearns. As the credit crisis persisted throughout the summer the FED left the borrowing window open to depositor banks to borrow money (at very low rates of return to the FED) to the borrowers be repaid later. Just weeks ago, the FED ba...

Rob Dietz, an economist for the National Association of Home Builders, says the new credit not only will pull first-time buyers into the market, but also have a powerful "multiplier effect" as thousands of sellers of these credit-assisted houses go out and buy replacement homes for themselves — e...

● Payback:   Unlike some past tax-credit programs, this one requires beneficiaries to repay the credit over an extended period of years. Starting in the second tax year after purchase and continuing for up to 15 years, taxpayers are expected to make pro-rata repayments to the government on their ...