Oct 11 2008
Freddie and Fannie to Buy $40 Billion a Month in Toxic Sub-prime and Alt-A Mortgages.
This is actually breaking news that has the potential to really destroy the U.S. taxpayer. Â There is a report out by Bloomberg and now being reported by CBS MarkeWatch that Federal regulators are going to order Fannie Mae and Freddie Mac to start buying $40 billion a month in troubled mortgages each month. Â Keep in […]
Oct 6 2008
Bank of America: Third Quarter Earnings, $1.18 Billion. Countrywide Loan Settlement, $8.6 Billion. One of the Biggest U.S. Banks Unable to do Math, Priceless.
I’m sure it is difficult for most people who are struggling with the day to day items of life to focus on the macro problems plaguing the economy. Many families are hearing more and more everyday about a neighbor or friend that has lost a home to foreclosure and deep down many are feeling a […]