Jose Vargas's (jvargas) Blog

Well Bernie Madoff is sitting in a jail cell, and will be sentenced soon and will probably spend the rest of his natural life behind bars. President Obama is changing the world every day with the stroke of his pen. The financial world is falling apart and no end is in sight, something needs to ch...

So now that we have a new Prez. Will anything change? Well I hear all the haters on talk radio stating he can't do what he said and it's impossible to fix everything. Did you see how serious Our President Elect is this man is on a mission and not only did I vote for him I will support him on issu...

Everybody wants to know when the market is going to bottom out. Well if you don't have a crystal ball, or can't see into the future. All you can really do is pray, do your due diligence, and research. If you are like me you don't want to get to excited or let your mouth start watering just yet, s...

Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe The FED will inject $900 billion. Not ,the $700 Billion promised ...

So which came first the chicken or the egg>>  or in this case... .the United States banking system or the European banking system. Right now the European union economic committee is moveing to stave off disaster and a credit crisis that may be larger than that of our own. governments across Europ...

Washington's financial bailout plan is now law. So the credit will start flowing again, banks will resume lending, and an economic recovery can begin, right? Wrong. Home prices must stop falling Experts say the most important thing that needs to happen before the $700 billion bailout even has a c...

  How many former Lehman Brothers bankers or AIG executives are likely to be buying a Park Avenue apartment or a home in Darien, Conn., this year? Most likely answer: not many at all. The crisis on Wall Street is hitting the rest of America Hard. As anyone who works on Wall Street, invests in the...

yahoo finance, and business week compiled a list about the 10 towns that will be hit hardest by the financial and real estate crisis 10 Towns That Will Be Hit Hardest 1. Darien, Conn.Share population in finance and real estate: 27.23%Nearest large city: New YorkPopulation: 20,666Median salary: $1...

Despite the changes made during an intense week of negotiations, the heart of the program remains Bush's original idea: To have the government spend billions of dollars to buy mortgage-backed securities whose value has plummeted as hundreds of thousands of Americans have defaulted on their home l...

The bailout plan has reached an accord between the 2 political parties just minutes ago. The plan details are for the Treasury Department to buy deeply distressed mortgage-backed securities and other bad debts held by banks and other investors. The money should help troubled lenders make new loan...