Diane Gerdes's (dianegerdes) Blog

This week the markets did the happy dance when it appeared the frog had been kissed and turned back into the handsome, moneymaking prince of yesterday.  New housing starts are up, resale housing is on the upswing, consumer spending increased slightly, and mortgage rates are near historic lows. A ...

What happens if a company contributes to the worst financial year in the history of the world?  Why, give big, fat bonuses to your executives!    AIG is standing by the "deserved" 170 million dollar bonuses since Christopher Dodd and Timothy Geithner unknowingly placed a loophole in the stimulus ...

Wall Street is ending the week better than expected in spite of the not so perky economic news.  The stock market made modest gains after a scary ride downwards.  Tuesday's auction for the treasury bonds was successful, so that should keep our interest rates low. The soothsayers were shocked, sho...

Our great country's legislators peaked over their Ivory Towers long enough to embrace President Obama's one-size-fits-all foreclosure prevention loan modification and refinance program.  Again, it was not a mandate, but a series of suggestions with guidelines and incentives for both servicers and...