Remember when the government subsidies for buying new cars ended and car sales tanked? Looks like we’re seeing the same thing in the housing market. It shouldn’t be surprising that Mortgage Purchase Applications Plummet As Tax Cuts Expire because when you subsidize an activity, you get more of it. When you take [...]
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What a year it’s been! As the history books close on 2009, I thought it might be nice to take a look back on the topics that were hot on Simple Debt-Free Finance over the past year. 401(k) Plans. 2009 saw a lot of talk about the future of the 401(k). It seems only natural, given that it [...] File under: “huh”? I’m not sure why, but Nasdaq has released a “New Benchmark Tracks Companies That are Participating in the U.S. Government’s Financial Relief Plan“. It’s called the “NASDAQ OMX Government Relief Index” and it’s ticker is QGRI. My first thought is, “Why?” I mean, these banks are not likely to be profitable any time soon [...] From the Wall street Journal online (by way of Yahoo! finance): “The Treasury had said it would give money only to healthy banks, to jump-start lending. But OneUnited had seen most of its capital evaporate. Moreover, it was under attack from its regulators for allegations of poor lending practices andexecutive-pay abuses, including owning a Porsche for [...] |
 
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