The federal government is poised for a massive bailout of some of our largest mortgage banks and to help homeowners facing foreclosure land loans that are less expensive. All of that pulls at most folks' heartstrings, and it should in many cases. However, we must tread carefully when making decisions like this that will cost all taxpayers a lot of money. ...more

July 25, 2008

The House on Wednesday easily approved legislation that seeks to slow the steepest slide in house prices in a generation, rescue hundreds of thousands of homeowners at risk of foreclosure and reassure global markets that mortgage-finance giants Fannie Mae and Freddie Mac will not be allowed to fail. ...more

July 24, 2008

Treasury Secretary Henry Paulson spent another day stumping for the U.S. banking system, declaring Tuesday that his top priority was ensuring "stability and confidence in our markets and financial institutions." ...more

July 23, 2008

A federal rescue of troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers as much as $25 billion, Congress' top budget analyst said. ...more

July 23, 2008

A federal rescue of troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers as much as $25 billion, Congress' top budget analyst said Tuesday. ...more

July 22, 2008

After IndyMac Bancorp failed, customers waited in line for hours to collect their money. The police had to be called in to quell the mob. The scenes brought to mind the Great Depression. This time, with satellite TV trucks at the bank's branches, the world watched last week as our financial system took another body blow. ...more

July 22, 2008

Last week, Lutz-based banking analyst Richard Bove was in hot demand by media outlets eager to know how safe the nation's banks really are. ...more

July 22, 2008

As financial storm signals appeared the last 18 months, there were Bush officials who urged drastic reform of Fannie Mae and Freddie Mac. But, according to internal government sources, Treasury Secretary Henry Paulson objected because it would look "too political." The Republican administration kept hands off the government-backed mortgage companies that are closely tied to the Democratic establishment. ...more

July 21, 2008

It's time to put an end to the charade that no one ever believed. ...more

July 19, 2008