Tag: bailout
Will The Bank Stocks Soar?
We all remember what happened the last time Treasury Secretary Geithner presented a bailout plan for the banks. The Dow plunged 380 points. It was a brutal, month long, downtrend to decade old lows. Before it was all over, the blue chip index had come within spitting distance of 6,500 and lost 21% of its […]
China’s Economic Crisis
This morning we awoke to an economic giant flexing its muscles. The Chinese government decided to pump additional stimulus into their economy . . . $4 trillion Yuan worth. That’s about $586 billion US Dollars. They say they’re doing it to help the world, but everyone knows that’s a lie. The real reason they’re spending […]
Bailout Impacts Taxpayers And Shareholders
It’s all over the news. BAILOUT! Mortgage giant’s Fannie Mae (FNM) and Freddie Mac (FRE) have been taken over by the Federal Government. I actually think the proper phrase is “placed in a government conservatorship”. Whatever the words are – the result’s the same. The US Federal Government is now the nation’s largest mortgage lender. […]
