By Martin Bosworth For those who don’t know, last week President Bush and Treasury Secretary Henry Paulson unveiled a “mortgage rescue plan” (NOT a bailout, they desperately stressed) that would enable qualifying […]
Quotabull
WOLF BLITZER: In the Gallup poll, the last one, only 24 percent of the American public thinks Congress is doing a good job. Rep. NANCY PELOSI: Well, to tell you the truth, […]
It’s past time for some perspective on recent stock market volatility
As of 10:16 MDT, September 7, 2007, the Dow Jones Industrial Average has fallen 200.87 points, the NASDAQ is off 46.49 points, and the Standard & Poors 500 is off 20.64. Put […]
The financial markets are going nuts, and it will take time and some economic pain to make them sane again
The sub-prime mortgage industry crisis has claimed its first victim, American Home Mortgage, and now it’s setting its sights on another mortgage lender, Countrywide. I probably wouldn’t care, except that Countrywide is […]
Is the perfect real estate storm about to pop the housing bubble?
I’ve been waiting for the housing crash for awhile. I’m not an expert, but it has seemed to me that we have: a lot of empty existing units; a ridiculous excess of […]
Progressive Culture | Scholars & Rogues 