Chestnuts, Jack Frost and Wall Street’s Spring Bonuses

Personal Finance

Chestnuts, Jack Frost and Wall Street’s Spring Bonuses

Chestnuts, Jack Frost and Wall Street’s Spring Bonuses

As we ring out what has been a pretty lousy year for most of us, Wall Streeters are all aglow—thoughts turning to sugar-plum fairies dancing in their brains, bearing bundles of spring bonuses—while stepping around agitated demonstrators who Occupy but a tiny part of their head space. While Wall Street bonuses may be down somewhat... Read More

Mortgage Giant Requests Another $7.6 Billion from Taxpayers

Mortgages

Mortgage Giant Requests Another $7.6 Billion from Taxpayers

Mortgage Giant Requests Another $7.6 Billion from Taxpayers

Fannie Mae, the government-owned mortgage giant, is asking taxpayers for another $7.8 billion to cover the company’s losses from July through September, the Associated Press reports. The company lost $7.6 billion during the third quarter. Fannie already has received $112.6 billion in taxpayer money, the most expensive bailout of any company to result from the... Read More

How to Fix the Foreclosure Crisis: A Real Bailout

Mortgages

How to Fix the Foreclosure Crisis: A Real Bailout

How to Fix the Foreclosure Crisis: A Real Bailout

Remember “trickle-down economics?” It’s a very simple idea that first entered the vernacular during the Reagan era. It proposes that government can best stimulate the economy as a whole by taking care of companies and decision-makers at the very top of the economic food chain, by means of tax cuts, government incentives, subsidies and the... Read More

Getting Government Out of Fannie and Freddie

Mortgages

Getting Government Out of Fannie and Freddie

Getting Government Out of Fannie and Freddie

The government finally weighed in on three proposals to try to end government support of the mortgage industry. The big question is: Can the U.S. housing market manage to get healthy without government support? It might be interesting to look back at the 70-year history of the government’s support of the housing industry through easier... Read More

Could Wall Street’s Bailout Become Taxpayer’s Boon?

Personal Finance

Could Wall Street’s Bailout Become Taxpayer’s Boon?

Could Wall Street’s Bailout Become Taxpayer’s Boon?

Remember the Wall Street Bailout? You know, that horrible travesty that cost taxpayers billions and rewarded Wall Street’s worst risk takers for plunging the American economy into the dump? Well don’t look now, but the bailout may become one of the best investments taxpayers ever made. In 2009 the Treasury Department paid $22.1 billion for... Read More

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