mortgage crisis: A Guide to Recessionary Success
- 07/22/08 06:37 AM
As the economy continues to struggle, I want to take a few moments to give you perspective from my professional standpoint.
We are currently amidst one of the largest banking crises since the Great Depression of the 1929 era. As a result of that time period, the government sponsored two banking entities that would be used for times of crises, and they are known as Fannie Mae and Freddie Mac. However, to confirm our troubled times, even Fannie Mae and Freddie Mac are on the brink of collapse. They are currently in need a government bailout. To assert even more … (2 comments)
As I last wrote, 2008 is a new year with lots of new resolutions on the horizon. Aside from the personal goals we have all set individually, our government and economic ambassadors have hefty goals to meet as well. For one, they must salvage and continue to save our economy. Some believe we are already in a recession, with a faltering stock market, a nervous Wall Street, anxious investors overseas, unhealthy unemployment figures, and the obvious housing market. Be joyous though, friends. There is good news on the horizon. Our government is stepping in (probably with … (2 comments)
As the economy continues to struggle, I want to take a few moments to give you perspective from my professional standpoint.;)
;)
