Not my opinion, but the talking heads say....
RISMEDIA, Nov. 28, 2008-(MCT)-Since the U.S. economy went into freefall in September, the federal government has announced hundreds of billions of dollars in bailouts and economic stimulus packages in attempts to shore up banks and reignite the economy.
The latest astronomical figure is an $800 billion, in a package announced Tuesday by the Federal Reserve and the Treasury Department. Many are wondering, however, how long this spending can go on.
Here are a few answers: http://rismedia.com/wp/2008-11-27/can-the-government-keep-spending-most-economists-say-yes/
Friday, November 28, 2008
Tuesday, November 25, 2008
NEWS ALERT - Paulson Unveils $800 Billion Plan to Ease Credit Crunch
“A very strong statement of support for the housing market”
By David Lightman
RISMEDIA, Nov. 25, 2008-(MCT)-Treasury Secretary Henry Paulson, warning that “millions of Americans cannot find affordable financing for basic credit needs,” announced a major expansion of the federal bailout on today as much as $800 billion to make mortgages and consumer credit more available and affordable.
The government will buy up to $600 billion in mortgage-backed assets, and, in a separate action, lend up to $200 billion to investors who have bought securities backed by consumer loans such as credit cards, auto and student loans, in a bid to free up consumer credit. for more... http://rismedia.com/wp/2008-11-25/news-alert-paulson-unveils-800-billion-plan-to-ease-credit-crunch/
By David Lightman
RISMEDIA, Nov. 25, 2008-(MCT)-Treasury Secretary Henry Paulson, warning that “millions of Americans cannot find affordable financing for basic credit needs,” announced a major expansion of the federal bailout on today as much as $800 billion to make mortgages and consumer credit more available and affordable.
The government will buy up to $600 billion in mortgage-backed assets, and, in a separate action, lend up to $200 billion to investors who have bought securities backed by consumer loans such as credit cards, auto and student loans, in a bid to free up consumer credit. for more... http://rismedia.com/wp/2008-11-25/news-alert-paulson-unveils-800-billion-plan-to-ease-credit-crunch/
Tuesday, November 18, 2008
The First Time Buyer $7,500 IRS Tax Credit: Why Isn’t There More Excitement?
By David Fialk
RISMEDIA, Nov. 10, 2008-What is a potential home buyer to do? There is widespread negative publicity about the future of real estate values. There is negative publicity regarding the difficulty in obtaining mortgage financing, the problems with sub prime mortgages, home foreclosures and the collapse of financial institutions. They are experiencing an astronomical drop in the value of their stock portfolios. They have concern with job security. Can you blame buyers for slowing down and not rushing into a long term financial commitment, such as purchasing a home? for more.... http://rismedia.com/wp/2008-11-09/the-first-time-buyer-7500-irs-tax-credit-why-isnt-there-more-excitement/
RISMEDIA, Nov. 10, 2008-What is a potential home buyer to do? There is widespread negative publicity about the future of real estate values. There is negative publicity regarding the difficulty in obtaining mortgage financing, the problems with sub prime mortgages, home foreclosures and the collapse of financial institutions. They are experiencing an astronomical drop in the value of their stock portfolios. They have concern with job security. Can you blame buyers for slowing down and not rushing into a long term financial commitment, such as purchasing a home? for more.... http://rismedia.com/wp/2008-11-09/the-first-time-buyer-7500-irs-tax-credit-why-isnt-there-more-excitement/
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