Finance
US government to bail out money market funds
As the Asian markets look on in disbelief, since the global economy is in part touched by Wall Street, the US government tries to bail out investors by insuring the uninsurable.
Yes, you heard it. Treasury Secretary Hank Paulson is rushing out a plan to insure money market funds.
“Huh? [...]
Fannie and Freddie horror to Asian financials
As investors run like madmen from the Fannie Mae(FNM: 0.38 -19.15%) and Freddie Mac (FRE: 0.56 -9.68%) fiasco in the US mortgage arena, Asians are turning away from the banking sector due to the scare.
What’s interesting here is that there two corporations are not in the same boat as Bear Stearns (BSC: 5.76 [...]
Recession will be here longer than feds believe
Let’s be honest. There’s no reason for the recession to go away any time soon.
There are a lot of things that are contributing to this, but speaking that we’ll be out in a year or two as the fed has said, is severely optimistic. With the ARM fiasco that [...]
Categories
Most Emailed
- N/A
