Finance Globe

Last night President Bush welcomed almost two dozen leaders from around the world, of both developed economies and emerging markets, to the White House State Dining Room for a working dinner to discuss the global financial crisis. For most of today, they will continue to meet at the first Summit on Financial Markets and the World Economy. Leaders of the World Bank, the International Monetary Fund, the United Nations, and the Financial Stability Forum are also...

In the Democratic weekly address to the nation today, President-elect Barack Obama expressed that he was glad that President Bush is meeting with world leaders this weekend to coordinate a quick response to the global financial crisis.He also said that while it was important to address the global crisis, that it was important to immediately address the economic problems here at home. Among his concerns are the nearly 1.2 million jobs lost over the past ten...

The Federal Trade Commission, the nation's consumer fraud protection agency, reported on Thursday that they and the State of Nevada are charging an internet payday loan company and its principals with violating federal and state laws by failing to disclose loan terms and by using abusive and deceptive loan collection tactics.The payday loans didn't comply with payday lending laws in most states and the "lending company" wasn't licensed to make payday loans in those states.The corporate...

Treasury Secretary Henry Paulson announced on Wednesday that the original plan to buy up toxic mortgage debt from banks with up to $700 billion of taxpayer money has changed. Just over a month ago Paulson said that the rescue money was absolutely necessary to relieve struggling lenders of their bad mortgages. Yesterday Paulson said, "Over these past weeks we have continued to examine the relative benefits of purchasing illiquid mortgage-related assets. Our assessment at this time...

Opportunity in a Bear MarketThe stock market's volatility sure does reflect a lot of uncertainty and fear out there. While there's good reason to be cautious, there's also good reason to start researching some possible buying opportunities. As the dominoes continue to fall, it can mean the strong companies that are still standing once the dust settles will be poised to eventually become even stronger with some of their competitors out of the picture. And the...

This article is the third in a three-part series, the previous article discusses events leading up to the stock market crash of 1929. This article is a short history refresher on some of the major events that contributed to the crash, as well as how the government's past actions or lack of actions may have contributed to the severity and longevity of the Great Depression. I would also like to point out that many economic historians...

Last night, we experienced a historic event in the election of our new president. President-elect Barack Obama will be the 44th American President to lead our great nation. Though nearly half of American voters are likely to be extremely disappointed in the victory of the Democratic candidate, all Americans should be proud that we have reached a symbolic new era that proves that greatness isn't dictated by the color of our skin or the nation of...

The next Great Depression? You've probably heard the media comparisons between the current economic crisis and the 1929 stock market crash that preceded the Great Depression, but is there really any reason for the scare tactics? Well yes, we have recently experienced a number of similarities with the series of events that led up to the worst financial crisis in history, but there are also some very important differences. Due to the many complex issues that...

Think things through before you panic out of the market at a loss.These days, the market's been taking investors on a pretty scary ride. Many of us watch helplessly as the value of our investments fall, recover a little, and then drop some more. Times like these can really test those nerves and bring doubt to any one's well thought-out investment strategy. And though many of us probably wish we had the insight to cash out...

Are you a homeowner who fears that you won't be able to keep up with your ARM payments once they reset? Or are you already struggling with your mortgage payments? The HOPE for Homeowners Program may be able to help you refinance into an affordable FHA loan so you can avoid foreclosure and keep your home.The HOPE for Homeowners Program, also known as H4H, launched on October 1, 2008 and will be available through September 30,...