Fed announces new plan to rescue mortgage defaulters!

This is a good move by the feds and may well stop the unemployment rate in its tracks, well; it may not stop it altogether but should at the least lessen it. This is indeed a very good move for many reasons, for one, it should take some of the bite out of the current mortgage crisis that seems to be facing the American markets.

What many people do not seem to have considered is that if all the mortgage defaulters were thrown out of their homes, then the various companies would not be all that eager to hire them. Everyone must have a real address that they can call 'home' so as to get legally employed.

So if a defaulter was to be thrown out of his or her home, then that person, by law cannot be gainfully employed and would probably be begging a living under one of the overpass.

This move by the Fed is one that should have been taken a long time ago, but then again, it is better to be late than never.

With the current mortgage crisis spiraling out of control the next move by the fed should aim at regulating the housing markets and after that, the fed should concentrate on the banks and pressurize them to increase lending so as to prevent any further credit crisis from hitting the consumer on the street. It is a long way to go and the first step, the most important one has finally been taken by the Fed today!

2008: The best companies to work for!

Well, there is a list of the best companies to work for, in this year, and I have to say that half of the list has been influenced by the shifting Economic woes that most of the world are facing right now.
Naturally some of the top companies to work for this year would be the loans dept since most of us would be applying for loans one way or the other. The list is given below and nearly half of them are in the development phase, that is they are looking to hiring some more people, so good luck!
1. Google


2. Quicken Loans


3. Wegmans Food Markets


4. Edward Jones


5. Genentech

6. Cisco Systems


7. Starbucks


8. Qualcomm


9. Goldman Sachs


10. Methodist Hospital System