Wither Capitalism?
Ockham Research Staff @ November 6, 2008 # 2 Comments
Is unfettered, laissez-faire capitalism in the U.S. to blame for the world’s current economic mess? How would one know?
Fannie Mae Rocked Again By Housing Crisis
Ockham Research Staff @ May 6, 2008 # No Comment Yet
Fannie Mae (FNM) reported a larger-than-expected loss for the first three months of 2008. The loss of $2.2 billion was better than the previous quarter’s $3.6 billion shortfall, which may partially explain why the stock is up more than 5% today. Extreme weakness in the housing market is clearly to blame for the company’s poor […]
Fed Steps Up to Provide Liquidity
admin @ March 11, 2008 # No Comment Yet
Today, the stock market roared ahead as it collectively cheered Fed Chairman Ben Bernanke’s latest attempt to loosen the squeeze of the credit crunch. Bernanke had hinted at an expanded loan facility to banks to the tune of $100 billion, but this morning the Fed announced that it will lend […]
Applause for Paulson
admin @ February 28, 2008 # One Comment
Treasury Secretary Henry Paulson today stood strong against rising calls for a taxpayer bailout for the struggling housing industry. Paulson rejects the notion that the only way out of the housing mess is for government to engineer a giant bailout using taxpayer money. In an interview yesterday, Paulson said that […]