When the Internet went down for three hours earlier today, it plunged the nation into productivity - the onion movie

in the mortgage news....

The 2 giants, (Fannie May and Freddie Mac), who together hold or back about $5 trilli0n, or HALF of the nation's mortgage debt, are down so bad that the Bush administration is considering taking over the programs. If these two go under, funding for so many of the banks who do mortgages will be gone and make loans even harder to get and more expensive. Worsening the current mortgage crisis.

Immediately after the markets opened, shares of Fannie (FNM, Fortune 500) and Freddie (FRE, Fortune 500) fell more than 47% from their already battered closing price the day before. They soon rebounded later in the morning but Fannie shares were still down about 24% and Freddie shares were off 22% in early afternoon trading. For the year, Fannie is down 67% and Freddie 77%.-CNN.com


thought this was amazing...

Brother and sister meet for first time since 1942. When they were 7 and 17, Nazis tore them apart and took them to seperate camps. Now, they meet for first time in 66 years! Go here to read the full article from CNN. http://www.cnn.com/2008/WORLD/europe/07/11/holocaust.reunion/index.html


Bush is pushing Congress to drill in Alaska....this issue is way underdiscussed, but I'm not ready to talk about it... I will be writing a post on this soon!

Good Credit Card Debt! How to profit from Credit Cards!!!

Here's how to do it:

Take advantage of those low APR % 's. If you can get 0% this is a must! Take advantage by taking money from your 0% APR balance transfer offers and instead of spending it, place it in a high -yield savings account that actually earns 3-4% interest or more. The difference is your profit.

Too easy.

As alway with credit cards, be careful with your balance to limit percentage. Going closer to the limit lowers your score, even though the account is still current and in good standing.

Helping make your money work for you,
Josh
Phoenix, AZ