Archive for September 2008
You are browsing the archives of 2008 September.
May 25, 2006- John McCain
The United States Senate
May 25, 2006- John McCain
Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight’s report goes [...]
Wait, You Mean The Financial Markets Didn’t Crash?
Yes, actually I am being facetious.
After the House failed to pass the bailout yesterday the DOW took a 777 point tumble. Today, it regained 485 points. Yes, it is still down…
But, the world financial markets did not crash.
Many argue the market is “holding on” because everyone knows a bill will be passed later this week.
Probably. [...]
Hoping Against Hope That the Bailout Will NOT Pass
Yes, I know the consensus is “something” has to be done. Yes, I know the dire scare tactics being used. Yes, I know it has the support of the democrats, many republicans and the President. Yes, I know it is probably a given that it will pass and be signed into law.
BUT IT SHOULDN’T BE!
What [...]
The Smart Investor Knows the Rules of the Game Have Already Changed
Financial strife is always stressful. No matter how much you prepare and plan unexpected events will always lead to unexpected results. You can’t plan for every contingency… or more to the point every market change.
I am going to talk about investors in two general categories. The first is real estate investors. No, not the speculators [...]
NYT Revealed True Cause of Fannie Mae Crisis — In 1999!
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan [...]
4%
Yesterday, I received several calls, emails and instant messages with the same theme…
The markets are crashing around us! Should we liquidate? The media (and Obama) are exclaiming this to be the worst catastrophe since the Great Depression! How will we ever survive this mess?
I reminded them if their stop loss settings kicked in and a [...]
Today is NOT the Day to Watch the Stock Market
This is going to be a very volatile day on Wall Street.
Unless you are a street or day trader, today is the day to concentrate on anything BUT the stock market.
At a macro level, there is some support at the 11,000 range for the DOW. The market will surely test that today. If it closes [...]
Do You Want A Job Or An Investment?
If you cruise the various boards and blogs one almost continual discussion deals with whether you should manage your own properties and do your own repairs. Assuming, of course, you are capable of doing them.
You will see wild claims from both sides of that argument about which approach is better and how the other side [...]
