The NY Federal Reserve has an interactive map which shows the credit condition of the country.
Click here to go to the map.
The NY Federal Reserve has an interactive map which shows the credit condition of the country.
Click here to go to the map.
The Fed met today and left the Fed Funds rate unchanged, but signaled that they might cut rates later if needed.
Since the announcement the markets are up.
I encourage you to read this article from the NY Times U.S. Rescue Seen at Hand for 2 Mortgage Giants
Executives are losing jobs, shareholders equity will be nothing, and it is estimated that this rescue could cost taxpayers (that’s you and me) billions.
How deep does this subprime rabbit hole go? 