During the “Go-Go” Wall Street days of a few years ago, some companies got rich by being middle-men between 401k mutual funds and short sellers who wanted to borrow their stock.
The short sellers put up collateral, agreed to pay dividends, and paid a small amount of interest. These middle-men companies took a big slice of [...]
Finally a large financial entity, Calpers, the California Public Employees Retirement System, worth an estimated $173 billion, has sued those responsible for rating the Toxic Assets that are now decimating our national and global economy.
The three primary rating agencies; Moodys, Standard and Poors, and Fitch made “negligent misrepresentations” to the pension fund. The agencies’ ratings [...]
Mortgage rates can fluctuate rapidly. With these unexpected changes, it can be hard to know exactly when to lock in a rate. Could you have saved money if you waited one more month? Or did you stall too long and miss a window of opportunity? Wouldn’t it be easier if there were a concrete way [...]
