2020 Bailouts vs 2008 Financial Crisis Bailout Tracker, TARP, AIG, TBTF

Can 2020 Top 2008? The government provided money to hundreds of banks and a handful of insurers and automakers in 2008 as part of the $700 billion Troubled Asset Relief Program. Can they out-do themselves in 2020? We are about to find out… Troubled ASSET RELIEF PROGRAM Financial rescue plan aimed at restoring liquidity to … Read more

Fed Enlists BlackRock In Its Massive MBS Debt-Buying Program

“The New York Fed plans to buy about $50 billion of agency mortgage-backed securities — every day this week.” Fed Enlists BlackRock In Its Massive Debt-Buying Programs (Bloomberg) — The Federal Reserve tapped BlackRock Inc. to shepherd several debt-buying programs on behalf of the U.S. central bank as it works to revive an economy reeling … Read more

And It’s Gone – Remembering September 29, 2008

Here is a reminder of what happened back on that historic September day when an entire generation thought that it couldn’t possibly get worse… which was generally true, at least until March 2020. In the span of just 11 days, the Bush administration and lawmakers, seeing ominous warnings in the credit markets, rushed to create … Read more

Federal Reserve Announces Open-Ended QE to Support the “Economy”

Federal Reserve announces extensive new measures to support the economy Here we go again… But this time it’s different… Additionally, in addition to Treasuries, The Fed will buy Agency Commercial MBS all in unlimited size. For release at 8:00 a.m. EDT (Before the Markets Collapse Open) The Federal Reserve is committed to using its full … Read more

How to get the most out of your property

Once you’ve bought a home – providing you can afford it – it’s probable that you haven’t really looked at ways you can get more income out of it. There are a number of tactics you can employ to turn your property into a money-making venture, and some may surprise you. So, if you want … Read more

Florida woman fined over $100,000 for overgrown grass on foreclosed property

Florida woman fined over $100,000 for overgrown grass on foreclosed property A small, seaside city outside of Tampa fined a woman more than $103,000 for overgrown grass and a dirty swimming pool in a house she no longer owned, according to a USA Today report. Kristi Allen, 38, received a letter from the city of … Read more

8 Important First Time Mortgage Tips Every New Homebuyer Should Know

For new homeowners, a first-time mortgage can be an intimidating prospect. Let’s face it, the paperwork that goes along with a mortgage is extensive at best. You’ve probably read shorter novels. It also leaves you with a lot of questions. Were you supposed to read all of it? Were you supposed to understand the parts … Read more

Complying With Buy-to-Let Mortgages

Becoming a landlord can be a profitable business for some, or it may occur as a simple byproduct of letting a room just to help you earn equity on a property. Whether you buy and let homes for a living or you’re trying this as a one time thing, or even ended up in this … Read more