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NY Fed begins purchasing mortgage securities - WTOP RadioNEW YORK (AP) - The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. The program, initially announced Nov. 25, allows the Fed to spend $500 billion to ...
Stimulus Versus Recession - Wall Street JournalTo get a grip on the frightful U.S. economic outlook for 2009, it helps to know a little about the laws of physics. Sir Isaac Newton said any object in a state of motion will remain in motion unless an external force is applied to stop it. The ...
The Madness of Crowds - Commentary MagazineFueled by easy credit, the real-estate market had been rising swiftly for some years. Members of Congress were determined to assure the continuation of that easy credit. Suddenly, the party came to a devastating halt. Defaults multiplied, banks began ...
A Troika of REITs: Creating Higher Income in a Depressed Market - Seekingalpha.comFalling interest rates have hurt savers. People in retirement and those who are close to retirement have seen their income from savings and investment decline significantly as interest rates worked toward the zero line. The broad based economic ...
Citizens Insurance slow to pay, and lowballs settlements, critics ... - Fort Lauderdale Sun-SentinelAlthough the hurricanes of 2004 and 2005 are but a fading memory, Citizens Property Insurance Corp. still has almost 2,000 unresolved homeowner damage claims in Florida. And in the past two years, the state-backed property insurer has logged 2,422 ...
Sir Alan Walters: the Times obituary - Times OnlineKnown at his peak as the “monetarist in residence” at Margaret Thatcher’s Downing Street, Sir Alan Walters was one of the most influential academic advisers to enter British political life. His first spell as Thatcher’s full-time economic ...
More Americans live within their means - Galveston County Daily NewsBy choice or by force, more U.S. consumers are doing something that seems almost un-American — embracing frugality and living within their means. Maybe it’s a backlash to the excesses, the fast-and-loose mortgage lending and unabashed greed that ...
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