Articles About Credit Markets

A top Treasury official defended the federal government’s $700 billion bank bailout financial crisis-response program at a hearing where the effort was criticized by members of a watchdog panel insisting that it did more for Wall Street than Main Street. “The cost of TARP is likely to be no greater than the amount spent on […]

Encouraging data on home and auto sales, homebuilding and consumer spending is seen by Federal Reserve Chairman Ben Bernanke as “tentative signs” that the recession may be moderating.  Still, he cautions that lasting recovery depends on the government’s success in stabilizing the reeling financial markets and unfreezing credit. In remarks to faculty and students at […]

Iceland’s economic collapse, the result of a reckless government and a lack of financial regulation, is an object lesson to Americans who fear increased — but necessary – markets oversight. Icelandic debt is 10 times the country’s GDP!  In the United States, our debt would have to be close to $100 trillion to put us […]

As the United States government commits a bare minimum of $100 billion of taxpayer money to bail out Fannie Mae and Freddie Mac, the final reckoning depends on how effectively Washington runs the mortgage powerhouses. According to the Christian Science Monitor, with the sheer magnitude of Fannie and Freddie – with $5 trillion in home […]