MoneyRates Blog
Obama and Interest Rates
April 30, 2009
By Clark Schultz | Money-Rates Columnist
By Clark Schultz | Money-Rates Columnist
President Obama reached his 100th day in office this week with huge questions lingering regarding the effectiveness of his policies and strategies. While it may take years or decades to objectively evaluate the Obama Administration’s response to the financial Pearl Harbor he has faced, at least for this milestone week Obama enthusiasts point to the positive. [...]
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Government Bailouts May Increase Long Term Interest Rates
September 22, 2008
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
The price tag for the US taxpayer of the government bailouts is reaching staggering proportions. To date the estimated costs has been reported at:
$29 billion for Bear Stearns
+$100 billion for Freddie Mac and Fannie Mae
$85 billion for AIG
$400 billion for the FDIC failed bank fund
$700 billion for the entity which will buy mortgage securities from [...]
Posted in fixed rate mortgages| government bailouts| government spending| interest rates | 1 Comment
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