Opinion
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? [...]
Missing the Asian connection in social media
Interestingly enough, when it comes to social networks, the ones that take off in the United States doesn’t necessarily grasp hold in Asia. While the obvious reasoning is that different markets and different strategies, why is this? TechCrunch explores some of the reasons but we’ll explore some more [...]
Why buying a home is still worthwhile
From a perspective of investment, even outside of the current fall of the home buying due to the loan crisis in the credit markets, buying a home is still more worth your money.
It’s really as simple as common sense. Look at it from this example. If you are currently [...]
Bailouts of homeowners would be irresponsible
I believe that the last few weeks have been pretty outrageous in the business world, especially with the talks about bailing out Bear Stearns (BSC: 5.76 0.00%). Big businesses shouldn’t get the safety net of federal intervention. You took a gamble, and you lost. That’s just tough in the world [...]
Financial institutions will rebound
I’m no expert in the financial world, but there seems to be a raging whirlwind that is just sucking everything in sight and leaving devastation in its path. Yes, I’m speaking of the subprime loan disaster. Yet, with all of the loan companies and banks taking major hits, it’s a [...]
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