October 7th, 2008
At first, when I heard that the government is considering to buy so-called “commercial paper,” my reaction was rage. But I’ve calmed down and thought things through a little bit. This might be a needed action on the part of the Fed.
But first, a brief tutorial:
Commercial paper is basically an unsecured loan that businesses make […]
By miranda -- 14 comments
September 6th, 2008
The U.S. government is planning to put Fannie Mae and Freddie Mac under conservatorship (thanks, markzero, for putting me on to this). This means that, unlike the takeover at Bear Stearns, the government is straight taking over the ailing mortgage lenders, rather than merely guaranteeing the transaction. Any losses that come from Fannie and Freddie […]
By miranda -- 0 comments
August 7th, 2007
There are many opportunities for yielding wealth and using good personal finance sense all around. One of the most recent opportunities in disguise is the subprime lending crash.
There are many lessons to be learned from the subprime lending crash. One of those is that you should be carefully of what kind of mortgage loan […]
By miranda -- 3 comments
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