Posts tagged as:

fed

Will The Feds Nationalize Bank of America?

by Rob K. Blake | February 7, 2009

There is a plethora of speculations buzzing around Wall Street with the central theme being Bank of America (NYSE: BAC) our nation’s largest bank…and biggest “cleaner upper” of the financial crises buying both Merrill Lynch and Countrywide Home Loans before they collapse…is going to get “taken over” by the government.
Oh my God!
The sky [...]

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Economy

Paulson Seeks Congressional Authority To Spend $700B

by Rob K. Blake | September 21, 2008

Hank Paulson is not done asking for more authority to “rescue” us from the mortgage crisis. In his first round of legislative begging, he got Congress to pass The Housing Economic Recovery Act of 2008 which gave him the right to take over Fannie and Freddie putting taxpayers on the hook for their greed [...]

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Credit

BREAKING: Fed Rescues AIG with $85 Billion Loan (bailout) for 80% Ownership Stake

by Joshua Dorkin | September 16, 2008

The snowball that is the US and Global Financial Crisis continued to get larger Tuesday as American International Group (AIG), the nation’s largest insurer came close to collapse. Over the weekend, the Fed failed to provide a $40 Billion bridge loan that the company’s leadership had been pressing for, but late Monday night, the [...]

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Economy

Greenspan Gives Guidance on Housing Market

by Rob K. Blake | August 16, 2008

Alan Greenspan, the controversial former Fed Chairman, in an interview by the Wall Street Journal’s David Wessel gave us a few pearls of wisdom to ponder about the state of the housing market.
He starts out with a prediction calling for a stabilized market by summer of 2009. Greenspan admits depending on the size of [...]

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Economy

FEDS BAIL OUT FANNIE AND FREDDIE; EMERGENCY MEASURES TAKEN

by Charles Feldman | July 13, 2008

In a clear sign the federal government is far more concerned about the financial health of mortgage finance giants Fannie Mae and Freddie Mac than its public comments indicated as late as Friday, the U.S. government Sunday night announced what some are calling a “massive aid” package to the two shareholder owned and run companies [...]

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Foreclosures

Feds Come Out Of Coma; Say Mortgage Crisis Worse Than They Thought

by Charles Feldman | July 9, 2008

It’s like one of those TV shows where after an entire season in which everything goes wrong for the star, he finally awakes to find it was all just a bad dream–everything was just fine!
Only, in this case, what we have are government officials who have been saying repeatedly that the economy is not as [...]

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Credit

Fed Rate Cut – The Good, The Bad & The Ugly

by Richard Warren | March 18, 2008

There is a law in physics that says: For every action, there is an equal and opposite reaction. The same is true is a rate cut by the Federal Reserve. Many people get excited when the Federal Reserve cuts a key interest rate. They somehow see this as a magic bullet that is going to [...]

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Commentary

Are They Serious? Fed Takes Mortgage Debt as Collateral, Bear Stearns Gets Bailout, and President Bush is Confident in the Economy!

by Joshua Dorkin | March 14, 2008

This week has been an extremely volatile one in the world of real estate and the economy. We’ve seen Gold at $1,000 an ounce, a collapsing dollar, oil skyrocketing, an much more. Of everything that has happened, probably the most shocking is what came out of the Fed this week . . .
According [...]

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Economy

Thinking of Refinancing? Consider holding out for Rate Drop

by Joshua Dorkin | October 1, 2007

A manufacturing report came out today that was weaker than expected, raising renewed talk that the Fed might cut rates later this month1.
What does this mean for you?
As rates have come down recently, now is a good time to look at doing a refi. If you can afford to wait, and signals [...]

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Housing

Housing Crisis Quote of the Day from Alan Greenspan

by Joshua Dorkin | September 21, 2007

Alan Greenspan revealed more about his thoughts on the Housing Crisis in Vienna, Austria today:
“So far, prices have dropped only slightly. But it was enough to cause alarm around the world,” he said. “Prices are going to fall much lower yet.”
“There is no doubt about the fact that low interest rates for long-term government bonds [...]

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Interest Rates

Fed Takes Huge Step to Stop Bleeding – Announces Major Rate Cut

by Joshua Dorkin | September 18, 2007

The Fed just announced that it would be cutting the federal funds rate by 1/2 point to 4.75 percent. This is the first reduction in four years and will affect everything from credit cards to adjustable rate mortgages.
Clearly this major cut is indicative of how bad the Fed thinks the economy is. [...]

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Commentary

How Failures from the Maestro, Alan Greenspan, Lead to the Mortgage Crisis

by Joshua Dorkin | September 14, 2007

According to the man who has been touted as the greatest central banker we’ve ever had, Alan Greenspan revealed yesterday that he dropped the ball during the birth of the Sub-Prime Mess. According to Greenspan in a 60 Minutes interview, “While I was aware a lot of these practices were going on, I had [...]

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