What Just Happened on Wall Street?

Posted by: Carleton Sheets in Wall Street, Stock market, Merrill Lynch, Lehman Brothers, Freddie Mac, Federal Reserve, Fannie Mae, Credit crunch, AIG on Sep 17, 2008.

I am both shocked and amazed about what just happened to financial giants AIG, Merrill Lynch, and Lehman Brothers. The downfall of these seemingly stalwart icons in the securities industry is a blow to the financial powerhouses on Wall Street that will trickle down to the American consumer. My friends, it is a tough economic sea we are maneuvering in.

What does this mean in the "big picture"?

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Fed Member Experienced in Commercial Banking

Posted by: Carleton Sheets in Federal Reserve, Commercial Lending, Commercial Banking on Aug 06, 2008.

After hearing about the appointment of Elizabeth "Betsy" Duke to the Federal Reserve board, I did some research that I thought was interesting and important for everyone to know.

It's interesting to me that the newest appointee is the only member---out of seven---who has experience in commercial lending. And, from what I've read, it is expected that she will have a large role to play in the

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