Yesterday, Cindy wrote about the $700 billion bailout package proposed by the House. The assumption at the time was that it would pass. News of the House rejection of the Plan yesterday stunned Wall Street and world markets. Some people cheered the rejection, as the plan has the reputation of charity [...]
Entries from June 29th, 2009
Bailout Package Essential for US and World Economic Health
September 30th, 2008 · 3 Comments · Banking, Consumer Debt, Credit Cards, Mortgages
Tags: Bailout Package·Bank Failures·Economic Health·FDIC·U.S.·Unemployment·World
700 Billion Bucks at Stake in “Bailout Billiards”
September 29th, 2008 · No Comments · Banking, Consumer Debt
Remember those tounge-twisters we loved as kids? Say this a few times quickly: “buku billion bucks buys bad bank books in bailout billiards”. Or perhaps a more appropriate gaming analogy is the Treasury Department going “all-in” in a $700 billion Texas Hold ‘Em poker bet. All kidding aside, either way, it’s a scary proposition for [...]
Tags: $700 billion bill·bailout·bailout bill·Credit Crunch·financial crisis·government bailout·housing crisis·wall street bailout
Understanding of Finances? Americans Ages 19-39, are MOST Knowledgeable About…
September 26th, 2008 · No Comments · Consumer Debt
And the survey SAYS…. How to work their iPods! Now THERE is a skill that is going to lead the Gen X and Gen Y’ers to great things, no doubt!!
Back in August, I published a blog entitled “How Much Debt Does Your Generation Have?” and the statistics were taken from a survey sponsored by the [...]
Tags: debt·finances·gen X·gen Y·generation survey·generation X·generation Y·Knowledge
House passes Credit Card Reform Act
September 25th, 2008 · 1 Comment · Credit Cards
On Tuesday, September 23, the House passed the Credit Card Reform Act, which we’ve been following here in this blog. This is great news! The bad news? Congress is totally tied up with the economic bail out, so the Senate may ignore this bill. Let’s hope not. As we [...]
Tags: Banking·Credit card·Economic Crisis·FTC·House of Representitives·Reform Act·Senate