Tag archive for ‘Cau’
Reserve Money Market Fund Collapses as Lehman default spreads through the market’s balance sheets.
The “Reserve Primary Fund”, just saw its shares fall below $1 a share. For all intensive purposes - this means that the money market fund has collapsed. This is the first, and perhaps most cataclysmic implosion following the wake of Lehman Brother’s collapse Monday morning.
Home Mortgage and Financial Turmoil Continues, is the end in sight?
Is this the end? Only time will tell - but it seems we’re in for another round of government intervention, emergency lines of credit, and Fed acrobatics.
Post 9/11 - Are we safer?
For me, 9/11 isn’t something I watched on TV…. I lived it…. and the reminders of it are ever present in Washington, D.C. Tomorrow the former 9/11 Commission members will release a report stating that the United States is “dangerously vulnerable” to another attack. That is just plain wrong.
Olbermann and Matthews … finally get the hook.
Not that I needed to be told that the New York Times was biased, but this report by Brian Setler is hilarious. Announcing that MSNBC is taking the Olberman/Matthews ticket out of the drivers seat (and perhaps checking them into anger management therapy), he states, “MSNBC tried a bold experiment this year by putting two [...]
US Treasury enters the Home Mortgage Business
I am sure you have all read by now that the US Treasury Department has effectively “seized” control of the two US home mortgage market corporations - the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Me) - and placed them under the oversight of the Federal Housing Finance [...]
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