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• To pass or not to pass the $700 Billion rescue plan?

  TO PASS OR NOT TO PASS? That was indeed the question of the week...and the final answer came on Friday, as the House of Representatives followed the Senate's lead and passed the $700 Billion rescue plan. The week began with the House initially voting Read More... Posted Monday, October 06, 2008 7:59 AM by Laura & Ron Canny | 0 Comments Filed under: Real Estate, Market Conditions, Events, Finances

• Feds Close Down IndyMac Bank

  Event is fifth and biggest bank failure this year! In the biggest bank failure of the housing downturn to date, federal banking regulators today closed IndyMac Bank FSB, naming the Federal Deposit Insurance Corp. as conservator. The FDIC said it will Read More... Posted Friday, July 11, 2008 4:23 PM by Laura & Ron Canny | 0 Comments Filed under: Real Estate, Market Conditions, Announcements, Events, Industry, Finances