“Subprime lending is back with a vengeance” – Government Programs Behind New Wave of Reckless Lending

Filed under: Todd Harrison, Fannie Mae, Freddie Mac Just when you thought it was safe to go back in the water… Subprime lending has come roaring back. But this time, reckless financial innovation isn’t being hatched on Wall Street. Instead, state governments are angling to “monetize” first-time homebuyer tax credits so borrowers can purchase homes [...]

Has your 401K “Locked Up Your Cash”? Investors Being Denied Cash Withdrawals!

401(k) funds putting locks on your cash By The Wall Street Journal Some investors in 401(k) retirement funds who are moving to grab their money are finding they can’t. Even with recent gains in stocks, the months of market turmoil have delivered a blow to some 401(k) participants, freezing their investments in certain plans. In [...]