October 2008 - Posts

• White House: Start Lending Money Now!

  Wednesday, October 29, 2008 4:18 AM

  White house served notice to banks who received bailout packages to start lending money. Read More Posted by ratetake 3 Comments Go to top

• We gave you $25 Billion, Where is The Loan?

  Monday, October 27, 2008 3:09 AM

  Have you heard about the possible bailouts that government is doing to help financial banks and markets to recover? I bet you did, but how can you get that loan you need. Read More Posted by ratetake 0 Comments Go to top

• Fed Inevitable Rate Cut To Boost Economy and Job Market

  Monday, October 27, 2008 12:28 AM

  As economic problems persist in market despite government efforts to ease crises with bailout packages another step would be necessary. Fed. might have to cut rates by 0.5 to 1 basis points to ease Wall Street desperate moves of selling stocks. Read More Posted by ratetake 0 Comments Go to top

• Global Recession Is Near

  Saturday, October 25, 2008 12:12 AM

  A huge sell off on Friday led global markets send indexes to their lowest levels in more than fie years with believe that economy is near recession. Read More Posted by ratetake 0 Comments Go to top

• 300 Points Lost on Wall Street As Investors Fear Recession

  Friday, October 24, 2008 6:38 PM

  Stock markets moved lower on Friday around the world, as investors are liquidating risky positions, mounting evidence of global recession. Read More Posted by ratetake 0 Comments Go to top

• Worries on Wall Street Continue

  Thursday, October 23, 2008 10:53 PM

  A wild ride on Wall Street pushed stocks lower during morning trading and finished trading with 100 point gain. Fears about economy were clearly seen as investors were in despair stage today. Read More Posted by ratetake 0 Comments Go to top

• 2nd Bailout Plan of $40 Billion Plan To Help You Refinance

  Thursday, October 23, 2008 9:04 PM

  The Federal Government is working on $40 billion plan to help homeowners refinance their mortgage and avoid foreclosure. Read More Posted by ratetake 0 Comments Go to top

• Wall Street Tumbles 500 points

  Thursday, October 23, 2008 12:31 AM

  Wall Street showed another hard day of losses as investors quickly start selling when quarterly earnings were reported. Major indexes fell more than 4% with Dow Jones tumbling down 515 points. Read More Posted by ratetake 1 Comments Go to top

• Wall Street In Tough Times

  Wednesday, October 22, 2008 5:18 PM

  First time homebuyer’s data fell 16.6 percent including consumer who wants to refinance. The Mortgage Bankers Association's seasonally adjusted index of mortgage applications fell to lowest levels since 2000. Read More Posted by ratetake 0 Comments Go to top

• 2nd Bailout Package On The Way

  Monday, October 20, 2008 10:28 PM

  A new idea by Ben Bernanke and President Bush to help sluggish economy with new stimulus packaged helped Wall Street regain some gains. However, so far we will have to see what kind of package Congress will create. Read More Posted by ratetake 1 Comments Go to top

• Credit Recovery Helps Wall Street Gain Strength

  Monday, October 20, 2008 7:24 PM

  Wall Street moved higher during early morning trades while Ben Bernanke urged congress to consider a new plan and the White House said that President Bush was “open” to the idea. Read More Posted by ratetake 1 Comments Go to top

• Full moon for credit card crises

  Friday, October 17, 2008 8:10 PM

  Credit Card delinquencies may be the next slump in U.S economy but it may not be as severe as mortgages. Read More Posted by ratetake 0 Comments Go to top

• Fears of Global Recession

  Thursday, October 16, 2008 9:59 PM

  Wall Street remained tense as fears of global recessions are on the loom. Even Fed policymakers are saying the economy appears to be in a recession. Investors examined data and looked for clues on economy as Dow Jones was down 380 at one point, rose more than 400 points in the final hour of trading. Read More Posted by ratetake 0 Comments Go to top

• Corporations avoid taxes – How they do it?

  Thursday, October 16, 2008 4:16 AM

  Most U.S. and foreign corporations avoid paying income taxes despite sales they are making. The Government Accountability Office said 72 percent of all foreign corporations and about 57 percent of U.S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005. Read More Posted by ratetake 0 Comments Go to top

• 733 point loss on Wall Street

  Thursday, October 16, 2008 4:14 AM

  More finance news on http://www.RateTake.com   The economy has sunk deeper into more economic problems from credit and financial crises as the Down Jones industrial dropped as much as 733 points on worries over retail sales. The government's report that retail sales plunged in September by 1 Read More Posted by ratetake 1 Comments Go to top

• $250 Billion Package

  Tuesday, October 14, 2008 11:27 PM

  Provided by: RateTake.com   First package to unclog financial markets was announced by President Bush on Tuesday saying the drastic steps were "not intended to take over the free market but to preserve it."   Nice major banks will participate initially in this plan Read More Posted by ratetake 0 Comments Go to top

• Suckered Up Oil & Easy Credit Is Over

  Tuesday, October 14, 2008 11:25 PM

  Provided by: RateTake.com   As oil prices came close to $140 a barrel this summer, many analysts predicted that oil would come close to $200. Where did the oil go now?   Oil is at $80 a barrel. Instead of going up it is moving down thanks to another bubble along with commodities Read More Posted by ratetake 0 Comments Go to top

• Dow Jones Jumps 900 Points

  Tuesday, October 14, 2008 12:00 AM

  Provided by: RateTake.com   Wall Street came back after its worst week and staged a surprising one day jump gaining 900 points. So far it is not over, but buyers have returned back to market buying low priced stocks and helping Dow Jones gain its market share again Read More Posted by ratetake 0 Comments Go to top

• Financial Storm : How to Survive Economy

  Sunday, October 12, 2008 3:47 AM

  Provided By: RateTake Today the most serious crises are affecting almost everyone. Some lost lots of money, savings, 401K and other investments. Seems like in January we noticed something was wrong. But no-one expected closures of banks, Dow Jones jaw opening loses and other negative economic turmoil which is still not over Read More Posted by ratetake 0 Comments Go to top

• Higher Volume on Wall Street - Turning Point in the Market?

  Friday, October 10, 2008 11:33 PM

  Provided by: RateTake Since this morning Wall Street has been a huge rollercoaster. President Bush appearing on TV announced, that there is everything needed to help economy, but it takes time. The NASDAQ finished with a modest gain, while the Dow Jones industrials lost 128 points Read More Posted by ratetake 0 Comments Go to top

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