As the markets continue to lurch around like a sick pachyderm, lots of ideas and rumors have started to flow about what is in the works should the (most recent) actions prove ineffective. One of the ideas that has gained a lot of ground with me is about the FDIC and individual insurance limits.
People are [...]

Another large financial institution has been brought low by the troubles of Wall Street. Last night, the FDIC stepped in and took over Washington Mutual (WaMu) after it determined that the nation’s largest savings and loan wasn’t going to be able to remain solvent. JPMorgan/Chase then ’swooped’ in and bought the banking portion of WaMu [...]

Yesterday’s results for July’s inflation numbers are in, and they’re not particularly heartening. July showed a 1.2% price increase for consumer goods (for the month) which is the highest single month increase in a loooong time. Even removing the food and energy portion, the increase was still .7%, which was about three times what Wall [...]

The Federal Reserve yesterday dropped the Discount Rate by .75 basis points, to 2.25%. That, in response over the weekend to the Bear Stearns implosion, and the on-going weakness in the American economy have a number of people up in arms recently.
With all the economists running around with little or no idea what [...]

  The Fed moved to forestall a further downturn in the U.S. economy today by dropping the Discount Rate by another .5%. (50 basis points).
While this wasn’t unexpected, it does show that the Fed is taking the downturn in the U.S. economy seriously.
The Fed said that the rate cuts taken to date [...]