FDIC Considers Borrowing From Treasury As Banking Failures Increase
FDIC May Request Treasury Loan As Losses Grow The FDIC always takes pride in noting that it is self funding and covers failed bank losses by assessments on FDIC insured member financial institutions. Congress created the Federal [...]
Feds Finally Move To Restrict Excessive Bank Compensation And Risk
Bailout Funds Go To Bank Bonuses Banks that lost billions of dollars on speculative investments and poor loans have routinely been awarding thousands of employees massive bonus payments. Ironically, the only reason many of these banks are [...]
Greenspan Revisionist Babble
Debt Is The Greenspan Legacy Alan Greenspan, former Federal Reserve Chairman, today expressed his concern about the level of the US national debt. Sept. 16 (Bloomberg) – Former Federal Reserve Chairman Alan Greenspan said he’s worried that [...]
K-Ratio Indicates Gold Stocks Still Cheap
K-Ratio Predicts Higher Gold Stock Prices Based on the recent large rally in the gold stocks, it is time to sell and take profits? The K-Ratio, a time tested method for timing the purchase and sale of [...]
Can The Unemployed Afford A Mortgage Payment?
Government Determined To Keep Unwilling Homeowners In Homes The FDIC announced a new initiative to reduce foreclosures on home mortgage loans held by failed banks that were acquired by another institution. This new FDIC program goes far [...]
Census Bureau Report Portrays Destruction Of The American Dream
It Already Is A Depression For Many The latest report from the Census Bureau on income, poverty and health insurance coverage portrays a darkening economic picture for millions of Americans. Incomes and living standards fell without regard [...]
Artificial Mortgage Rates Drop To 4.75%
Fed Manipulation Of Mortgage Rates Continues Mortgage rates continue their downward trend with the perfect borrower now able to obtain a rate of 4.75% with a two point buy-down on a 30 year fixed rate mortgage. As [...]
Loan Sharks “Salvation” For Many At 2,437% Interest Rates
Loan Sharks: The New Subprime Lenders With A Twist – They Expect To Get Repaid – And Why A Loan At 2,437% Interest Makes Sense For every loser, there is a winner. Since the demise of the [...]
Extended Unemployment Benefits Make Little Sense
Do Extended Benefits Reduce Job Seeker’s Motivation? Excluding the depression of the 1930′s we are fast approaching a new official high in unemployment. During the depths of the last worst recession of 1981, unemployment exceeded 10% vs [...]
