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Paulson Says Utility Model Better for Fannie, Freddie (Update2) - BloombergJan. 7 (Bloomberg) -- Treasury Secretary Henry Paulson recommended replacing Fannie Mae and Freddie Mac with utility- like companies that would guarantee mortgages without maintaining investment portfolios. “A public utility-like mortgage credit ...
New Years Resolutions - The Tale of Two Parties - Laist.comOn New Years Eve I found myself in the fortunate position of being invited to two parties. One was being held at the swanky Hollywood Roosevelt Hotel , well known playground of the rich and famous. The other had an Old Hollywood theme and was thrown ...
Obama prepares sweeping cuts in social programs - World Socialist Web SiteBarack Obama took the occasion of his first press appearance in Washington as president-elect to declare his determination to impose policies of budgetary austerity, including the elimination of entire federal programs and cost-cutting in the ...
Amity Shlaes: FDR's 'experimentation' returns - Union LeaderThe United States has entered the era of the experiment. President-elect Barack Obama is putting forward an infrastructure program whose plans and price tag are unclear. Treasury Secretary Henry Paulson whipped up the Troubled Asset Relief Program to ...
Democrats' Factions Could Stall Grand Plans - Wall Street JournalWASHINGTON -- The new Congress sweeps into town Tuesday with many members comparing themselves to the 1933 Congress that enacted much of President Franklin Roosevelt's New Deal and changed the government's relationship to its citizenry. Reuters Sen ...
Great Depression timeline - Greensboro News & Record* 1923 - 1926: Real estate boom hits Greensboro. * 1926: North Carolina tobacco sells for 26 cents a pound. * 1928: Greensboro real estate and construction boom is over, leaving mortgage debt, bankruptcy and unemployment of construction workers. U.S ...
Depression: a nation in pain - Greensboro News & RecordOn Dec 15, 1935 , a High Point woman wrote President Franklin D. Roosevelt about her underwear. She didn’t have any. Neither did anyone in her family. “Please give my children and myself some underclothes or we will freeze to death (in) this ...
Obama's first hundred days: Make good laws, not deals - Pioneer PressThe United States has entered the era of the experiment. President-elect Barack Obama is putting forward an infrastructure program whose plans and price tag are unclear. Treasury Secretary Henry Paulson whipped up the Troubled Asset Relief Program to ...
The Great Depression Pt. III - Huffingtonpost.comIn Part I of this series, New Deal Democrat and I looked at the years 1929 - 1933. These years saw a decline of 25% in the chained GDP figures; a failure of 20% of commercial banks, a drop in personal income from $90 billion to $50 billion and a drop ...
On Native Ground - American ReporterDUMMERSTON, Vt. -- Those who thought that last week's government bailout of Fannie Mae and Freddie Mac would stabilize the financial markets got a wakeup call this week. Lehman Brothers, the fourth-largest U.S. investment bank, succumbed to the ...
Today's Mortgage Terms starting with R
Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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