The press is full of reports around a leak that the government will bail out
the GSE's this weekend. We will see. An interesting coverage is the interview
of Bill Gross on CNBC. Something tells me Gross is behind some of the ideas.
What is interesting is that he is talking about a convertible bond that would
protect the equity. Of course Bonds are protected as well. Equity is worth
$8B across Fannie and Freddie while the bonds are worth close to $5T (yet T)
and the bond holders are large entities (like Gross' PIMCO) and the Chinese.
Wiping out equity would be a symbolic move. Which is why it could go either
way.
Obviously this bailout justification is that financial stability comes first
in the US. The taxpayer will pick up the tab and the paper presses will run,
creating some monetary pressure.
This is in contrast to the recent Trichet announcements (head of ECB) who, ... (more)
I'm sure there are many people asking the question, "Is now the right time to
buy?". Nobody really knows for sure. However, there are some facts that you
can look at to help evaluate whether or not now is the right time to buy. For
one, mortgage rates are currently close to the lowest they've been in almost
50 years. In addition, home prices are low and probably close to the bottom.
There may be a little more ways to go, but I think we're close. With the
Spring homebuying season upon us, we may see an increase in sellers in the
market, which will increase inventory and possible p... (more)
WESTON, FL -- (MARKET WIRE) -- 02/05/07 -- TheSUBWAY.com announces the
following stocks to its Action List: Premier Mortgage Resources, Inc.
(PINKSHEETS: PMRS), Syndication, Inc. (OTCBB: SYDI), CyberTel Capital Corp.
(OTCBB: CBCL), Bad Toys Holdings, Inc. (OTCBB: BTYH).
Premier Mortgage Resources, Inc. (PINKSHEETS: PMRS) just announced that it is
on target to exceed $3 million in sales in 2007 with an expected goal of $8 -
15 million in 2008. This would represent a substantial increase in the
company's sales in the manufacture of high precision fabrication machinery
from 2006.
... (more)
COLUMBIA, Mo., March 28 /PRNewswire/ -- The Society of American Business
Editors and Writers announces additional winners in its 13th annual Best in
Business contest: Dan Monk and Tom Demeropolous of the Business Courier of
Cincinnati were honored for enterprise reporting by weekly business
publications for "Dark side of progress: The transformation of UC has taken
more of a financial toll than many in the campus community realize."
The full list of winners is below. Spelling has been corrected for Liz
Benston of the Las Vegas Sun, Saskia Scholtes of The Financial Times and
Robe... (more)
ORLANDO, Fla., Feb. 2 /PRNewswire-USNewswire/ --
The following statement is being issued by George Cloutier:
Why are the Obama Administration, Congress, and the Senate marginalizing the
nation's largest industry in the new stimulus plan? Small Business Inc.
employs 60 million people, accounts for 70% of new jobs each year, and
clearly represents the backbone of almost every regional and local economy.
For this vital industry the administration has allocated less than 1% ($700
million earmarked vs. $1 trillion in proposals). The nation's leaders
continue the small business progr... (more)
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