If the market is open, the financials are down 10%. This will continue until we have another Bear Stearns-like failure. Bernanke has told us as much. Don't try to bottom-fish. These are failed...
The tremors of the housing market and credit credit crisis hit another type of investment this week, the auction rate security market. The Wall Street Journal and several other business magazines...
The sub-prime crisis and the credit crunch are about the failure of a lending system creating by Wall Street. Instead of banks keeping loans on their balance sheets, they pooled them and sold them...
As part of the Housing and Economic Recovery Act of 2008, the IRS authorizes a deduction of up to $7,500 for qualified first-time homebuyers.
What does that mean? Read on for an explanation.
We quickly turned to a full on fear environment with theh banks as a result of Kenneth Rogoff's comments, Goldman Sachs' reduced estimates, and Freddie's problems accessing capital markets....
Pimco, one of the largest bond companies in the world hasn't been redeeming its preferred auction rate security holders. It's still working through the mechanism of how to get the money back....
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