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1/12/2009

President-elect Barack Obama has asked President Bush to request the 2nd half of the $700 billion financial bailout money. While Congress considers Obama's request, they are concerned how the first half of the bailout money was spent. The treasury department has failed to provide enough insights regarding how the $350 billion was distributed.

"Many of us have been disappointed with the absence of clarity, the lack of transparency, the failure to ...

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The biggest bubble in the modern U.S. history has started to pop. The average U.S. housing market has tumbled for more than 20% since its peak in 2006. In some areas, the declines in prices have exceeded 50%. The housing bubble has sink not only the financial industry, but the entire economy. In fact, the whole global economy is shattered. Many has attributed the housing bubble to the long-time federal reserve chairman, Alan Greenspan, who had kept th...
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