Tag Archives: Treasury Department

Expect Millions Of Foreclosures

By admin | Published: September 9, 2009
Washington, DC — The loan modification that was supposed to offered to homes going into foreclosure does not appear to be working. Michael Barr, assistant Treasury secretary for financial institutions, said, “The recent crisis in the housing sector has devastated families and communities across the country and is at the center of our financial crisis [...]
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Does Money Grow On Trees?

By admin | Published: July 16, 2009
Washington, DC — Many Americans are unaware of a new practice by the Federal Reserve — they buy securities from the Treasury Department. This is even easier than picking money from a tree. You just print it. In their most recent meeting, the Fed acknowledged a concern over increasing this practice and that the “federal [...]
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