So, we can’t blame everything on the government… but…
IndyMac is the third largest bank failure in the nation’s history.  And, of course, by now we all know that the bank has been taken over by the government.  Is that going to make us sleep better at night?  Probably not.
Over the weekend it was disclosed that […]

The government is racing to prop up our financial system, unveiling a new plan to keep Freddie Mac and Fannie Mae afloat… at taxpayer’s expense.

The plan, unveiled Sunday, is intended to signal the government is prepared to take all necessary steps to prevent the credit market troubles that erupted last year with losses from subprime […]

For all the use of the word “elitist” over the past few months, perhaps it’s time we focused the elitism where it belongs… on some of the Republicans.  How dare former Senator Phil Gramm, a top economic adviser to John McCain suggest that the recession, or near recession, is a “mental recession” and that we […]

If there has been any question of the differences between the presumed presidential candidates, the economy is the poster child of opposites.
Republican John McCain spoke in Denver, where he called for creating more jobs by helping small businesses, encouraging free trade and developing a greater role for nuclear power.
On the other hand…
Democrat Barack Obama called […]

To hear some talk, the consumers should have been wary of the easy mortgage lending practices of the banks and mortgage companies for the past few years.  I suppose some of us have been wary.  Anyone could have questioned the easy money.  But, as consumers most of us have the idea that when we want […]