2 Articles match "Bailout","Federal Reserve","Los Angeles"

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Fed's Latest Moves No Real Surprise
Financial analysts who were hoping for some downward movement on interest rates yesterday by the Federal Reserve were disappointed as Ben Bernanke and his merry band unanimously voted to do nothing. Following what is now a familiar and conservative wait-and-see strategy towards the nation’s economy, and reactionary as usual, Bernanke and the Federal Open Market Committee left their short-term federal funds rate at 2 percent. Later in the day the Fed made what had to be a highly anticipated move by the nation’s financial gurus, deciding to bailout AIG at the 11th hour before the world’s largest insurance company went bankrupt.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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History in Sen. Dodd's Favor, But Nothing Else
What Dodd suggested last week, at least as a temporary fix, is for the federal government to create a new agency called the Home Ownership Preservation Corp. formed in the 1930s to deal with foreclosures, the new agency would assist homeowners in refinancing their subprime mortgages — many of which are now resetting at much higher interest rates, resulting, in many cases, in foreclosures, according to a report in the Los Angeles Times . It’s a presidential election year. A
www.foreclosurepulse.com - Tuesday, December 16, 2008
READ MORE
  • The Best from RealtyTrac MORE
  • Fed's Latest Moves No Real Surprise
    Financial analysts who were hoping for some downward movement on interest rates yesterday by the Federal Reserve were disappointed as Ben Bernanke and his merry band unanimously voted to do nothing. Following what is now a familiar and conservative wait-and-see strategy towards the nation’s economy, and reactionary as usual, Bernanke and the Federal Open Market Committee left their short-term federal funds rate at 2 percent. Later in the day the Fed made what had to be a highly anticipated move by the nation’s financial gurus, deciding to bailout AIG at the 11th hour before the world’s largest insurance company went bankrupt.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • History in Sen. Dodd's Favor, But Nothing Else
    What Dodd suggested last week, at least as a temporary fix, is for the federal government to create a new agency called the Home Ownership Preservation Corp. formed in the 1930s to deal with foreclosures, the new agency would assist homeowners in refinancing their subprime mortgages — many of which are now resetting at much higher interest rates, resulting, in many cases, in foreclosures, according to a report in the Los Angeles Times . It’s a presidential election year. A
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE