With roughly half of the government’s TARP (Toxic Asset Relief Program) funds already disbursed, why is it that we’re still having so many problems with the subprime and ‘packaged’ loans that triggered this downslide in the economy? Wasn’t the idea to get rid of these debts on the bank’s balance sheets and allow them to [...]

Again, we have another set of major players in the market that are coming, hat in hand, to the government asking for a handout. The Big Three American auto makers are to appear before congress to request a stimulus package and low interest bridge-loan to help them survive these rough economic times.
When the price of [...]

A couple of days ago, the Federal Reserve announced that it is spending $500 billion on ‘commercial paper’. That’s short-term loans made by banks and businesses to get working capital. While this is a good thing for freeing up the credit market and getting cash moving around again, it barely made the news!!
Have we already [...]

Yesterday was the anniversary of the highest close of the Dow Jones Industrial Index (DJIA). As little as a year ago, the DJIA was riding high to a 14,000+ day and things were going great. Well, maybe not great, as people were beginning to see the housing bubble starting to pop, and even then there [...]