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The Plan to Protect Homeowners, Not Hedge Funds

Franklin @ August 21, 2007 # No Comment Yet

The scam is going to get worse in the housing market. I mean the scam that will let the predators and hucksters, who lured people into bad deals, off the hook, either via congressional bailouts or actions by the Federal Reserve. read more | digg story Tags: Economy, Fed, Federal Reserve, United States

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Fed CUTS discount rate

Franklin @ August 19, 2007 # No Comment Yet

The Federal Reserve, declaring that increased economic uncertainty poses risks for U.S. business growth, announced Friday that it has approved a half-percentage point cut in its discount rate on loans to banks. The action was the most dramatic effort yet by the central bank to restore calm to global financial markets. Of course, this cut […]

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