Tag archive for ‘Credit Crunch’
Can Congress Bailout the US financial System? Should it?
(Washington, D.C. ; Right Commentary): To the American Public, the current financial crisis has many villains but none upon whom clearly to pin the blame. Taxpayers are angry at the notion of having to bail out banks, headed by millionaires, whom they believe cheated them out of values in their homes, and in some cases, [...]
Unwinding Mess - IndyMac, Freddie Mac, and Fannie Mae
On Friday, the first unavoidable evidence that the credit crunch continues burst forth to center stage. The Office of Thrift Supervision (OTS) and the Federal Depositors Insurance Corporation (FDIC) were forced to take control of IndyMac Bancorp, Inc. IndyMac’s failure marks one of the largest bank failures in history, and is the largest bank failure [...]
Are we heading for a global recession?
To rather lackluster fanfare in the “public consciousness” yesterday, the Federal Reserve announced that it was holding interest rates flat, and hinted that it may need to raise interest rates in the near future as it is becoming increasingly concerned about inflation. All of this has me wondering - are we heading for global recession?
Inflation [...]
Metal Prices going higher on Oil and Dollar Fears
Washington, D.C. (rightcommentary.com): Gold continues its climb above $900 per ounce, fueled by record oil prices and a weak U.S. dollar. Gold is currently trading around $927 per ounce, up approximately $5.
According to an article in today’s MarketWatch, analyst Peter Grandich told his subscribers, “Oil is obviously leading gold and if the historical gold vs. [...]
Fed Cuts Rates by 3/4 Percentage Point
The Fed dropped the Fed funds rate to 2.25 instead of 2.0 - as had been rumored this AM.
Wall Street rallied at the end - closing up significantly from Monday - 420 pts.
While its too early to tell - by my guess, the Fed has committed in lending now approximately 60% of its available resources [...]
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