Mary Tomkins is a freelance writer located in Spartanburg, SC, with emphasis on economic news and research on the financial industry.
President Bush said that his Administration and members of Congress have been working hard over the weekend to find a solution to controlling the damage to the nation’s financial markets caused by the sub-prime mortgage…
Advance-Fee Loan Scams The Federal Trade Commission, the nation’s consumer protection agency, warns us of “Advance-Fee Loan Scams.” Looking for a loan can be frustrating for someone who doesn’t have a good credit history. After…
The FTC Fights Prepaid Calling Card Scam The Federal Trade Commission, the nation’s consumer protection agency, is going after shady prepaid calling card companies who misrepresent the value of their product to consumers. The FTC…
The Federal Reserve Board announced on Thursday a plan to inject $180 billion into the global economy in an effort to ease the pain of the credit crisis and calm the fears of nervous investors.…
U.S. Government considering a broad rescue. There’s talk of a historic move by the federal government to control the ensuing credit crisis by rescuing financial institutions from their bad investment decisions. Though details of the…
President Bush made a brief statement on September 18th stating that he shared the concerns of the American people regarding the financial markets and the state of the economy. The President has cancelled today’s GOP-fundraising…
Rescuing private companies with taxpayer money; here we go again. The Federal Reserve announced on Tuesday to give an $85 billion emergency loan to the New York-based insurance company, American International Group, also known as…
Two more pillars of Wall Street fell over the weekend, shaking any last bit of investors’ confidence in the integrity of the global financial system. Stock markets around the world tumbled in response to the…
The Fed’s Sunday announcement of the takeover of mortgage giants Fannie Mae and Freddie Mac may possibly become the largest government rescue in U.S. history. The cost is high; up to $200 billion of taxpayer…
Building wealth isn’t just something rich people do. And those who are wealthy don’t always stay that way. We’ve all heard of the countless millionaire celebrities who’ve filed for bankrupcty. A Bankrate.com article tells the…