Congress

Federal Reserve Super Low Rate Policy Crushes Savers And The Elderly

Federal Reserve Super Low Rate Policy Crushes Savers And The Elderly

Fed Sees Solution In Zero Rates The Federal Reserve recently vowed to keep interest rates “exceptionally low”  for the foreseeable future in an attempt to revive the economy.   Since mid 2006 the Fed has brought the […]

Dear Congress – Thanks For Doubling My Credit Card Interest Rate

Dear Congress - Thanks For Doubling My Credit Card Interest Rate

Congress Takes Bow For Credit Card Act of 2009 The Credit Card Act of 2009 was intended to curb certain practices of the credit card industry that were deemed abusive to consumers.  With a great deal of […]

Super Clunkers – How Congress Can Double US Vehicle Sales

Clash for Clunkers Increases Car Sales The much maligned Cash For Clunkers program has three remarkable features that differentiate it from the other wide assortment of endless government stimulus/bailout programs. 1. The Cash For Clunkers program, at […]

Will Mortgage Rates Soar As Fed Programs Wind Down?

Fed Support No Longer Unlimited There seems to be near unanimous agreement at all levels of government that a recovery in housing prices is essential for economic stabilization and future growth.   The Federal Reserve has supported this […]

Regulatory Reform Implies Cause and Solution To Financial Meltdown The Same

Regulatory Reform Implies Cause and Solution To Financial Meltdown The Same

The Federal Reserve failed miserably in preventing the meltdown of the American financial system.  Worse yet, the Fed’s loose credit and monetary policies and failure to properly regulate the financial system was arguably one of the biggest […]

America’s Triple A Credit Rating – At The Precipice?

Black Swan Events Becoming Routine Our Nation has avoided the decline into the abyss that many have been predicting during the economic crisis.  At the cost of approximately $13 trillion in government bailouts and guarantees the system […]

Sanity Returns to Mortgage Lending – After Trillions In Losses

Sanity Returns to Mortgage Lending - After Trillions In Losses

Liar Loans To Become Illegal New legislation passed by the House will outlaw “stated income”  mortgage loans (commonly called liar loans). WASHINGTON — The House voted Thursday to outlaw “liar loans,” ballooning mortgage payments and other bank […]

Frugality The New Lifestyle For Many

Frugality The New Lifestyle For Many

Hard Times Bring Back Thrift Without the aid of easy credit, matching income with expenses has required cutbacks in consumer expenditures and forced price reductions and layoffs by businesses.  Frugality has become the new mantra for many […]

It’s Time To Give Every Member Of Congress A Bonus

It's Time To Give Every Member Of Congress A Bonus

Market Investing Made Simple Many people probably suspect that Congress causes more harm than good and now we have the proof.   Forbes Magazine has uncovered what appears to be a foolproof method for timing stock purchases based […]