Government Mortages: The New Balancing Act
Today US Treasury Secretary Henry Paulson announced plans for the new Federal Housing Finance Agency (FHFA) to take Freddie Mac and Fannie Mae into conservatorship. The power to do this was provided in HR 3221 which was passed in July. The move includes replacement...Price Of Oil Not So Crude
After dropping $10/bbl during the day, the price of crude settled down $5 after fears of interruptions in production from Gustav failed to materialize It really stinks when people are disappointed that nothing bad happens. That said, it appears we’ve dodged the...We’re Losing Momentum On Oil Prices
The price of crude is hovering around $115 / bbl. At this point, I suspect it won’t make much motion, especially not downward, until some real action is finally taken by Congress to open up drilling. I agree with the refrain of Republicans to do “all of...Why Do Oil Prices Continue To Drop?
Just when you thought you couldn’t afford to go on summer vacation, just when you thought the ONLY answer to rising gasoline prices was a “gas tax holiday”, just as various states are complaining they don’t have enough tax money collected to...Wall Street Journal – Change Is Slow
In this morning’s print edition of the WSJ, was the story that Marcus Brauchli has stepped down as Managing Editor. Said Brauchli: “Now that the ownership transition has taken place, I have come to believe the new owners should have a managing editor of...Stay in Touch
