Jan 31
Less than 48 hours after it was specifically named as a target of a
state investigation of major bond rating agencies and insurers,
MBIA announced a record quarterly loss after writing
down $3.5 billion.
Jan 31
Wall Street has been gyrating as it considers the Bush Administration’s proposed economic stimulus plan and the Democrat controlled Congress’s response to it. The plan is largely based on tax cuts for businesses and small cash rebates to individuals and families which Washington apparently hopes will be quickly spent rather than saved or used to pay down debt. What is clearly missing in the current proposals is any mention of the terrible state of housing which started the current economic slide. There are a dozen places that the government could plug in and stimulate the housing/lending industry… Read More Now
Jan 31
Bend Oregon has seen some of the fastest growth in the nation in the last few years. Its population has grown steadily and real estate prices have risen dramatically. The real estate market has cooled down some now but there are still some opportunities out there for the smart investor. Sell and Buy Online […]