Tag Archives: housing market

Stay Nimble For Your Investment

I did a double take when I saw this news: The inspector general for the $700 billion TARP scheme tallied about 50 initiatives set up by the Bush/Obama administrations and the Federal Reserve and came to the conclusion that “the … Continue reading


Filed under Banking, Business, Economy, Inflation, Properties, Stocks

More Pain From Avalanche of Mortgage Defaults

The avalanche of housing mortgage defaults from subprime crisis has affected prime mortgages which are now defaulting at an alarming rate. Continue reading

More on this topic (What's this?) Read more on Mortgage, Subprime lending at Wikinvest

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Filed under Banking, Economy, Properties

Merrill Lynch Not Out of the Woods Yet

Merrill Lynch has taken drastic steps to rescue its ailing balance sheet (over $40-billion of write-downs) – most notably, a fire sale of $30 billion of risky debts to Lonestar. Continue reading

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Filed under Banking