Executives are now admitting to mistakes that were made on their behalf that contributed to the financial crisis our country is in. The government panel assigned for this investigation had the chance to question some of the top executives from leading financial institutes such Goldman Sachs Group Inc. Chairman-CEO Lloyd Blankfein, JPMorgan Chase CEO James […]
Category: Politics & Econ
Tax Credit Helps Boost Home Resale
Sales were up by 7.4% in November due to the tax credit that was made available to first time home buyers as well as the tax credit for current homeowners. The real estate market saw an improvement in the number amount of sales compared to previous months and helped increase U.S. stocks. For example, Dow […]
House Approves Bill Which Will Audit Federal Reserve
Last week, the US House approved a bill which will effectively audit the Federal Reserve. Since its creation, the Fed enjoyed freedom from oversight and no restrictions on decisions meetings except for senate hearings. In the aftermath, worldwide confidence in the US dollar rose devaluing the euro. This in turn gave the US dollar more […]
Interest Rates, Housing Market and The Economy
We have been on a crazy ride with the housing market, fluctuating interest rates and the economy. S&P/ Case-Shiller • Home price index has dropped 2.5% compared with last year’s index • End of 2008, home prices had fallen 18.2%, compared to 2007 • Increase of 0.3% in home prices in December and November • […]
Whose Fault Is It? The Never Ending Argument
Since the beginning of the foreclosure crisis, two main camps developed.