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"THOSE WHO CAN SOAR TO THE HIGHEST HEIGHTS CAN ALSO PLUNGE TO THE DEEPEST DEPTHS." Lucy Maud Montgomery. Despite all of the government's efforts, markets here and around the world plunged this week as the financial crisis continues to grow. On Tuesday, the Fed and Treasury Department announced p...
10/13/2008
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Subprime performance improving as $700 billion enters secondary market October 8, 2008 Combined with a recent improvement in subprime performance, the $700 billion plan for the U.S. Treasury Department to buy up mortgage assets has the potential to significantly help the mortgage business. As ...
10/13/2008
October 9, 2008 It's common knowledge that a "Bailout Plan" focused on banks is being set into motion. It's also common knowledge that it will cost $700 billion, but what will it do? How is it going to work? Most importantly, what's in it for the ARM industry? by Phil BrittinsideARM October 9,...
10/13/2008
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This is one of those times when I would normally pass this on to my network of friends and go on with my business, however with the dramatic changes in "our world" I decided to be politically incorrect and go ahead and post this commentary. The following was written by Ben Stein and recited by hi...
10/13/2008
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Once upon a time, a man appeared in a village in South America and announced to the villagers that he would buy monkeys for $10 each. The villagers knowing that there were many monkeys around, went out to the jungle, and started catching them. The man bought hundreds at $10 and as supply start...
10/13/2008
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Posted October 12, 2008 7:00 AM by William Neikirk A major economic stimulus package, including funds to rebuild the nation's infrastructure, is shaping up as one of the top ideas for responding to the worst financial crisis since the 1930s.Asked to name key measures that would enable the U.S. to...
10/13/2008
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FROM PRUSSIA WITH LOVE An ancient debt instrument may help America after Fannie and Freddie FROM Freddie Mac to Frederick the Great? Fannie Mae and its brother are the central pillars of America's mortgage market. Their role has become even more important during the credit crisis, thanks to the ...
09/30/2008
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A new yardstick for measuring slumps is long overdue THERE has been a nasty outbreak of R-worditis. Newspapers are full of stories about which of the big economies will be first to dip into recession as a result of the credit crunch. The answer depends largely on what you mean by "recession". Mos...
09/30/2008
TUCKING IN Sep 25th 2008 Warren Buffett's return to Wall Street raises hopes IN 1998 Goldman Sachs was looking for help in bailing out Long-Term Capital Management, a sickly hedge fund to which it was exposed. It sought a contribution from Warren Buffett. But the Oracle of Omaha was on holiday (...
09/29/2008
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On Friday July 13th, the final amendment was finalized for the HUD Small Rental Assistance Program in Hancock and Harrison County, Mississippi. HUD's intentions for this program was to entice more investors to build new rental housing and provide rentals for those who make less than 80% of the me...
09/26/2008