NorCalSavant

Treasury Secretary Geithner unveiled the new Public-Private Investment Program for Legacy Assets (PPIP) on Monday to a huge applause by the Wall Street and many questions from the skeptics.  PPIP is the Obama Administration’s plan to purchase the toxic assets off the banks’ balance sheets.  What is involved in the Public-Private Investment Program?  Will it [...]

The Treasury Department has finally come out with detailed guidelines for the Making Home Affordable Program.  This housing rescue plan is estimated to cost $75 billion and help seven to nine million homeowners. Is the plan going to reduce foreclosures?  Is it going to help delinquent and solvent homeowners?  And, is it going to be [...]

In an earlier post I had briefly described the personal-finance benefits of American Recovery and Reinvestment Act of 2009 or the stimulus package signed by President Obama for kick starting the moribund economy. Here is a rundown of individual benefits in the stimulus package in a little bit greater detail. More on this topic (What's [...]