Finance Globe

Treasury Secretary Henry Paulson announced on Wednesday that the original plan to buy up toxic mortgage debt from banks with up to $700 billion of taxpayer money has changed. Just over a month ago Paulson said that the rescue money was absolutely necessary to relieve struggling lenders of their bad mortgages. Yesterday Paulson said, "Over these past weeks we have continued to examine the relative benefits of purchasing illiquid mortgage-related assets. Our assessment at this time...

Opportunity in a Bear MarketThe stock market's volatility sure does reflect a lot of uncertainty and fear out there. While there's good reason to be cautious, there's also good reason to start researching some possible buying opportunities. As the dominoes continue to fall, it can mean the strong companies that are still standing once the dust settles will be poised to eventually become even stronger with some of their competitors out of the picture. And the...

This article is the third in a three-part series, the previous article discusses events leading up to the stock market crash of 1929. This article is a short history refresher on some of the major events that contributed to the crash, as well as how the government's past actions or lack of actions may have contributed to the severity and longevity of the Great Depression. I would also like to point out that many economic historians...

Last night, we experienced a historic event in the election of our new president. President-elect Barack Obama will be the 44th American President to lead our great nation. Though nearly half of American voters are likely to be extremely disappointed in the victory of the Democratic candidate, all Americans should be proud that we have reached a symbolic new era that proves that greatness isn't dictated by the color of our skin or the nation of...

The next Great Depression? You've probably heard the media comparisons between the current economic crisis and the 1929 stock market crash that preceded the Great Depression, but is there really any reason for the scare tactics? Well yes, we have recently experienced a number of similarities with the series of events that led up to the worst financial crisis in history, but there are also some very important differences. Due to the many complex issues that...

Think things through before you panic out of the market at a loss.These days, the market's been taking investors on a pretty scary ride. Many of us watch helplessly as the value of our investments fall, recover a little, and then drop some more. Times like these can really test those nerves and bring doubt to any one's well thought-out investment strategy. And though many of us probably wish we had the insight to cash out...

Are you a homeowner who fears that you won't be able to keep up with your ARM payments once they reset? Or are you already struggling with your mortgage payments? The HOPE for Homeowners Program may be able to help you refinance into an affordable FHA loan so you can avoid foreclosure and keep your home.The HOPE for Homeowners Program, also known as H4H, launched on October 1, 2008 and will be available through September 30,...

Start saving regularly for short-term needs.It's just a fact of life that some months will be more expensive than others - you can't predict emergency medical expenses, last-minute travel plans, or an unexpected car repair. Work on building an emergency savings to cover those kinds of additional expenses. Financial experts often recommend an emergency savings funds of three to six months' living expenses for working adults, but it really depends on the individual's circumstances. Students who...

It seems like the current economic difficulties have many people working harder to earn extra money - and that includes thieves and scam artists.The Federal Trade Commission, the nation's consumer protection agency against fraud, issued an alert on Thursday about a scam where fraudsters attempt to trick people out of their money by calling people on the phone and telling them they've won a lottery.The scam artists claim to be from the FTC, and even use...

Stopping to fill up the tank isn't as painful as it has been in the past year; regular unleaded is now $2.80 a gallon here in my town, right at about the price it was in September 2007. This is a big change from the record-high prices in mid-July, when regular unleaded cost well over $4 a gallon in many areas in the U.S. The lower gas prices reflect the sudden drop in the price of...