Tag Archives: treasury department

Government Largesse Wide Open To Fraud

Big surprise here. When you don’t have the free market to discipline the spending of money, much of it gets wasted. A leading government investigator warns that the current bank bailout is wide open to fraud. Big surprise. The New … Continue reading

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There Are No Secret Deals

Here are some tips from the book Foreclosure Myths: If you have found a foreclosure, others can find it too. There are no unexploited economic opportunities. That’s one of the basics of micro-economic analysis that I learned at college. Developing … Continue reading

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Bailing Out The Irresponsible

The Treasury has a plan to help out those who are late on their mortgage payments. But what about those who are on time with their mortgage payments? Why should those people who bought more home than they could afford … Continue reading

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How To Know If The Bailout Is Working

From SFGate.com: To see whether it’s working, you’ll have to look not at familiar stock market barometers, but at more obscure credit-market indicators such as Treasury bill yields, the London Interbank Offer Rate, or Libor, and the difference between them. … Continue reading

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How Much Will The Bailout Help The Housing Market?

From the IHT: WASHINGTON: The federal government’s $700 billion bailout of the financial industry could help homebuilders and mortgage lenders, but is unlikely to bring fast relief to anybody trying to buy or sell a house anytime soon. The Treasury … Continue reading

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Buying Bad Mortgages

From The Hill: The Treasury Department is asking Congress to provide up to $700 billion to allow the federal government to buy up bad mortgages, according to a draft legislative proposal obtained by The Hill Saturday. In addition, the plan … Continue reading

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Mortgage Bonds

NEW YORK, May 28 (Reuters) – Rising issuance of Fannie Mae and Freddie Mac mortgage-backed securities has pushed the share of the debt in a key bond index to record heights in recent months, presenting new challenges to investors. The … Continue reading

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Refinance: What Good Are All These Rescue Packages?

The House passed two such bills. The Senate is likely to pass one of its own. What’s the use of them? There’s a ton of free market criticism of Barney Frank’s bill. The WSJ blasted in this week. All these … Continue reading

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FDIC Chief Has A Plan

She wants to make up to $50 billion available to around one million home owners who need emergency loan assistance. She says her plan is a compliment to other plans moving through Congress. She’s likely to get a sympathetic hearing. … Continue reading

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Ways To Ameliorate Mortgage Mess

The Wall Street Journal writes about the various political fixes for the economy. The question is, will they make things better or worse? Government regulation often creates more problems than it solves. HOUSING: Democrats, in and out of Congress, are … Continue reading

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