Archive for the ‘finance’ tag
$700 Billion Bailout Passes Congress
Second time is a charm, they say. The big news is that the House, two days after the Senate, finally passed the bailout bill. You can read more about it at the WSJ and the NYTimes.
According to the Journal:
The 263-171 vote was a reversal from Monday, when House lawmakers shocked investors and their own leaders [...]
Where did my money go?
Remember, there are two sides to our simple mantra that is crucial for achieving financial independence (which we’ll define later!): your earnings and your spending.
Since it’s rather difficult to control the earnings portion in a time like this (though we’ll certainly be keeping our fingers crossed for this to pass the House), what we can [...]
A Decade Later, Back to Where We Were
Where We Are
It feels like we’ve been peering over this cliff for a while - I remember first hearing whispers of Countrywide Financial having problems last fall. That home prices might start to cave from their catastrophic heights. But after each mini-crisis, it seemed like we hit the bottom. Now it seems like we have [...]
Dow Jones Drops 780 Points
We seem to be making history on a daily basis. It’s just not the type of history we’d like to be making.
The New York Times has a synopsis of today’s events:
In a moment of historic import in the Capitol and on Wall Street, the House of Representatives voted on Monday to reject a $700 billion [...]
