The House Financial Services Committee and the U.S. Treasury Department have released a draft version of legislation designed to address systemic risk and the issue of “too big to fail” institutions. The proposed bill, spearheaded by U.S. Rep. Barney Frank, D-MA, the House’s Financial Services Committee chairman, aims prevent big bailouts after the government last […]
Archives for October 2009
October 2009 - Page 2 of 11 - Money Morning - Only the News You Can Profit From
GMAC Appeals to Treasury for Its Third Taxpayer Bailout
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GMAC LLC (NYSE: GMA) is currently discussing a third taxpayer-funded bailout with the Treasury Department, according to a report in The Wall Street Journal. The news comes as a stark reminder amid talk of a recovery that many financial institutions are still overwhelmingly dependent on government support. The Treasury will reportedly give General Motors Corp.’s […]
Why Mike Dell Hates Me
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I am about to buy my daughter a computer for her birthday. But that's not necessarily great news for anyone involved – her, her mother, the folks who are making the machine, or even the guys who are delivering it to us. My daughter will be pleased enough when she sees the box. What she […]
Three Ways to Profit From Rising Oil Prices
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An explosion in the world money supply and the rapidly growing auto markets of China and India have fueled an incredible bull run in oil prices. And, it looks like oil still has a long climb ahead. This report will show you three ways to profit from the bull in oil prices.
Investment News Briefs
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With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Consumer Confidence Falls Again; Home Prices Gain for Seventh Month in a Row; Icahn Again Trying to Stop CIT Debt Offer; Obama Reveals $3.4 Billion "Smart Grid" Grant; U.S. Steel […]
India Begins "Exit Strategy," But Interest Rates Remain Unchanged – For Now
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The Reserve Bank of India (RBI) said it expects the gross domestic product (GDP) of Asia's third-largest economy will grow at least 6% in the current fiscal year and that it will begin winding down stimulus measures while turning its attention toward inflation. The RBI now expects a higher rate of inflation compared to its […]
OPEC Considers Boosting Production as Oil Prices Continue to Rise
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The Organization of Petroleum Exporting Countries (OPEC) would intervene if oil prices were to reach $100 a barrel, according to the group's president and Kuwait's oil minister. Analysts have been speculating about whether or not oil prices would again breach $100 a barrel. The price of light, sweet crude for December delivery rose 76 cents, […]
If You're Going to Buy a House, Do it Now
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It looks like the U.S. housing sector has bottomed. In fact, if you've been thinking about buying a house, this may be the time to make your move. Let me tell you why. Congress and the Obama administration are considering whether to extend the $8,000 first-time-buyer tax credit for another year from Nov. 30, when […]
Investment News Briefs
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With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Senate Debates Housing Tax Credit Extension; Washington Considers Freezing Credit Card Interest Rates; Readers Flock to Internet at Faster Pace for News; AOL Names Board; Rising Gas Prices Could Clamp […]
The Dethroning of the U.S. Dollar Will Happen Sooner Than You Think
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By now virtually every investor has heard the argument that the U.S. dollar is slated to lose its status as the global reserve currency. And that's good – as far as it goes. What's bad is that many of these investors have yet to latch onto the fact that this could happen much sooner than […]
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