Bailout urgency sounds like war with Iraq, Paulson’s ability questioned

Just use our search box to look up “Paulson” and you will see a problem. Henry Paulson was in charge at Goldman-Sachs, and is now the treasury secretary. In August 2007 Paulson said he did not see anything that caused him to reconsider his view that the economic damage from the housing correction was “largely …

Sub-Prime Lenders Created Their Own Problems

Federal Reserve Chairman Ben Bernanke said “Proposed changes to mortgage lending rules are intended to protect borrowers from market abuses and boost market competition”. My bone of contention regarding the subprime fiasco, is that rules were in place to help protect consumers. Home Owners Equity Protection Act (HOEPA) states that in order to refinance there …

European Central Bank Raises Rates – How Long Do We Have?

The European Central Bank raised their interest rates by a relatively modest .25 %. The logic behind such a move is to stem the tide of inflation. The Federal Reserve Board decided against raising rates at this time. Many economists are convinced that raising rates will help reduce inflation and make United States dollars more …

European Central Bank Raises Rates – How Long Do We Have?

The European Central Bank raised their interest rates by a relatively modest .25 %. The logic behind such a move is to stem the tide of inflation. The Federal Reserve Board decided against raising rates at this time. Many economists are convinced that raising rates will help reduce inflation and make United States dollars more …