After a successful trial run that boosted home sales and brought buyers back to the table, the government has extended the $8,000 first-time home buyers tax credit through June 2010.
Now it’s not just first-timers who are benefiting — the president also signed off on a new $6,500 tax credit for existing homeowners who purchase a [...]
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Men and their egos…
Now there’s proof. Men aren’t better at investing, but they certainly believe that to be the case.
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What’s the deal with the Cash for Clunkers Program? Within four days of starting, the program’s $1 billion dollar funding is already depleted. Then the next day, the house quickly rushed together another bill to add an additional $2 billion funding to be voted on this week. Since many of you emailed [...]
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This is a guest post from Manshu, author of OneMint.com who started writing articles when he was majoring in finance.
With the economy reeling under a recession, the word that you read quite frequently is stimulus. But what is it? First, let’s explore a few terminologies: recession, GDP, consumption among others.
A recession is characterized by [...]
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Now that it’s been a few weeks since our new president passed the $787 Billion Economic Stimulus Plan, it’s easier to get more details on exactly how it’s broken down. Did you know that $217 billion is allotted for state and local governments? Many of our president’s speeches touted the infrastructure and investments [...]
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We keep hearing news from people losing their homes to banks needing more capital. One thing I keep hearing over and over again is “It’s so amazing that these mega corporations (banks) can get into so much trouble” but seldom does anyone ever explain why this whole mess happened.
Yesterday, I found these clips trying [...]
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I caught a glimpse of CNBC’s documentary on the financial crisis called “House of Cards” just now and I highly recommend anyone who’s interested on how we got ourselves into such trouble to watch it.
From what I’ve seen, it at least explains:
How it was a credit crisis to a stock market crisis to a economic [...]
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It is really sad to see them go after over 60 years in business, but Circuit City is liquidating all 567 of its US stores. Many of you probably have lots of questions if you either bought from, own shares of, have gift cards for this company, or others so I’ve highlighted a few [...]
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People must be numb to all the bailout news by now but it looks like AIG wants another $10 billion sent its way.
Apparently, the $100+ billion we gave to AIG was for other company’s bets that AIG was insuring while the $10 billion is for AIG’s own bets on the same mortgage derivatives. What’s [...]
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First, Illinois stops doing business with Bank of America, then the governor tried to withhold money to help the Chicago Tribune unless the media company fires certain editors that are known to be critical of the government. Now, Illinois’ governor Rod Blagojevich is arrested!
Geez. On top of all that, the governor is arrested [...]
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Or suspends I shall say but either way, can they do that?
Apparently, the state has stopped all business relationships with Bank of America and will not resume until the bank restores the line of credit to Chicago-based Republic Windows & Doors.
Illinois Governor Rod Blagojevich is quite fired up about the fact that the taxpayer money [...]
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AP has a neat little summary on president-elect Barack Obama’s interview on NBC’s “Meet the Press” and one of the main topics is of course his support for another huge stimulus plan.
“We’ve got to provide a blood infusion to the patient right now to make sure that the patient is stabilized. And that means that [...]
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Ever wonder how many companies announced plans to participate in the US’s government TARP (Troubled Asset Relief Program)?
I did a little digging and as of November 18th, there were at least 25 companies either approved or planning to participate. Here’s an unordered list.
First Midwest Bancorp Inc. (FMBI) – Received preliminary approval for about $193 million [...]
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The newest on the corporate corruption front seems to be that the employees at financial institutions are still expecting to be paid employee bonuses. It’s crazy to think that while we have to downsize and try to save more money to anticipate higher taxes for paying off the bailout, it is actually money that [...]
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