Main Street to get Bailout?

Okay folks by a show of hands, “How many of us believed that the bailout of wall street helped stop another great depression?”  Hmmmm…..That’s what I thought!  Well, regardless of what your or my opinion may be on the bailout or the current administration and its policies….what about the notion of a bailout for main street?  No I’m not kidding!  Really? 

Check out this article from James Pethokoukis with Reuters:

Life After the Housing Tax Credit?

Okay Peachtree City, I apologize because it has been a minute since I’ve posted an article.  But honestly I have been swamped with assisting first time home buyers get their deals closed by the deadline which was April 30th.  After I finally got a chance to take a breather I had to stop and think about what would happen now that the tax credit is gone.  Did this initiative help stabilize our fragile economy or was it all just a waste of taxpayers monies to the tune of approximately $35 billion?

Paulson’s Plan in Review - Why Is It Suspect?

Okay folks I know it is difficult to bite, chew and digest this plan all in one bite.  So, the only way to eat this huge elephant is to take it one bite at a time.  So here we go!  This bailout or rescue plan (depending what side of the tracks you are on) is designed to keep banks from failing by recapitalising them. I read somewhere where they used the analogy that It is like a massive financial organ donor program where the Treasury replaces the guts of the current system with new, unclogged guts.

Bailout Effect of Fannie Mae and Freddie Mac

Okay folks its happened, the Bush administration, acting to avert the potential for major financial turmoil says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.  In doing so, it was also announced that both execs from these institutions were being replaced.  The replacements will be Herb Allison, a former vice chairman of Merrill Lynch, to head up Fannie and David Moffett, a former vice chairman of US Bancorp, will run Freddie.