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Once again, it’s that time of year … time to sit back and reflect on all that I am thankful for. Work continues to chug along. The bet that I made that our stock would rebound last fall has paid off nicely … I lowered my average cost significantly, and my portfolio is above water [...] Without a Bailout Plan, What Will the Cost Be? – TIME By voting down the proposed $700 billion financial bailout package — and causing a spectacular stock market rout — a majority of members in the House of Representatives made a clear statement that they didn’t want to put taxpayers on the hook for the [...] Margin Calls Throttle Thornburg By DONNA KARDOS March 7, 2008 2:08 p.m. In the latest sign of how badly firms have been hurt by the credit crunch Thornburg Mortgage Inc. Friday said there is “substantial doubt” about its ability to continue as a going concern, citing deterioration of prices of mortgage-backed collateral and a liquidity [...] Mounting Liquidation Fears Squeeze U.S. Stock Market March 6, 2008 5:40 p.m. Worry about the health of the credit markets made a noisy comeback Thursday, leveling financial stocks and sending many investors scampering for the safety of government debt. Revelations that two large investors had missed recent margin calls raised fears that more investors could [...] |
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