Archive for March, 2009

Quantitative Easing Begins; “Operation Twist” Revisited
Quantitative easing in the US has begun. The Fed Buys $7.5 Billion of Debt to Cut Borrowing Costs . The Federal Reserve bought $7.5 billion of Treasuries in the first outright purchase of U.S. government debt by the central bank to keep consumer borrowing costs low since the 1960s. It is the first step in a six-month program to buy up to $300 billion in Treasuries. The Fed joins central banks in the U.K. and Japan in extraordinary purchases of government debt, broadening efforts to unfreeze c

How to Stop Home Repossession
by James Smith The population of the UK has an estimated 1 trillion pounds in debt, including mortgages, credit cards and other loans. If you miss just one mortgage payment, or just get a little bit behind on your payments, you will not face home repossession. In fact around 640,000 mortgage holders miss at least one mortgage payment per average year. However, if you miss 2, 3 or more payments, then you are going to need some home repossession help. You need to be 3 months behind with the m

(AFX UK Focus) 2009-03-26 15:50 UPDATE 2-U.S. mortgage rates drop to new low - Freddie Mac (Interactive Investor)
By Julie Haviv

This doesn’t add up
March 24, 2009 – 2:56 pm From Joe Castellino, chairman, JHL Action Group. THE maths at Jersey Home Loans does not add up.In the published accounts of JHL’s parent business, Kent Reliance, their total assets under management went from £2.1 billion to £2.3 billion from 2007 to 2008, a modest rise.However, let us be clear – their profits in the same period from 2007 to 2008 went from £5.7 million to £12.6 million. Their profits have never been higher and have doubled since last year. Do Jersey resi

Quantitative Easing Begins; “Operation Twist” Revisited
Quantitative easing in the US has begun. The Fed Buys $7.5 Billion of Debt to Cut Borrowing Costs . The Federal Reserve bought $7.5 billion of Treasuries in the first outright purchase of U.S. government debt by the central bank to keep consumer borrowing costs low since the 1960s. It is the first step in a six-month program to buy up to $300 billion in Treasuries. The Fed joins central banks in the U.K. and Japan in extraordinary purchases of government debt, broadening efforts to unfreeze c

Another Bailout Plan, A Sector Set to Soar, Auto Curiosities, CBO Forecasts and More!
by Addison Wiggin & Ian Mathias What the world needs now is… another trillion-dollar bailout The 5 explains the complex plan that’s got the market booming Who’s paying for this? CBO forecasts $9 trillion in new debt over next decade Chris Mayer on one sector that “ain’t dead yet!” Forget about the Big Three… two foreign automakers with serious “signs of the times” Not to be outdone by the Fed, the Treasury announced its own trillion-dollar bai

UK Consumers React to the Credit Crunch (Marketwire)
ROCKVILLE, MD–(Marketwire - March 23, 2009) - MarketResearch.com has announced the addition of Mintel International’s new report “Consumer Reaction to the Credit Crunch-UK,” to their collection of Banking & Financial Services market reports. For more information, visit http://www.marketresearch.com/redirect.asp?progid=67618&productid=2092813 . For the last half decade, consumers have been …

What will the new rules for the banks achieve?
Lord Turner is an intelligent and hard working man. He is untainted by the failures of the bankers and their regulators over the last giddy decade of excess credit. Let us hope he shows some wisdom in responding to the present crisis, and let us hope he understands that Regulators have to look ahead. The issue today is not how we stop the last crisis, but how we stop the next one. It is likely to be different from the last one. Leaks imply the authorities now think banks should be made t