Federal Bailouts

If you have been watching the news you have notice the fall of several financial banks. Many financial institutions are in trouble and more are expected to rise in the coming months. The Federal Reserve has bailed out American International Group, Freddy Mac, Indy Mac and gave the economy a post to help Wall Street stay afloat. What does all this bailouts mean for you, well let me tell you it means an increase in credit card late fees of up to 19% when you miss a payment. Also, if you have 401ks in the Stock Market you could be losing up two 60% of your money. Mutual funds and bonds have has some steady increase, but not much as the markets have been shaky.

The taxpayer will be the one stuck with the bill as the economy tries to stay afloat during these trying times. The commercial bank Washington Mutual is slated to go under next due to some shady business practices and bad loans that were not covered from the mortgage crises. A word to the wise it protect your money and look to get into gold and some international stocks.

peace
cool water

What The Hell Is Going On With The Economy

The biggest mortgage buyers in the country are Fannie Mae and Freddie Mac. They are having financial trouble, and have to be bailed out by the U.S. Government. Also, lets not forget the bank Indy Mack who have clients with this two financial giants and are a part of issuing loans to home buyers in the U.S. The question is what does this mean for to you !

Well, if you can make your mortgage payments you will probably survive, but if you can't you will lose your home. The U.S. financial economy is going to hell in a hand basket. Learning how to get out of debt is your real solution to the problem. You need to get your house and everything paid off so you don't have to worry about a dam mortgage crisis. In spite of what you hear their is always someone making money off the problems of other people. The mortgages crisis in my opinion is here to stay, but don't be fooled you can win.

You must create a cash machine and get financial freedom for yourself and your family. Start working on your plan to make money and free yourself from the dependency of the U.S. Government !!!!

peace cool water

I recommend you get the program "Transforming Debt to Wealth" by John Camutta