The Dow has opened up down just under 100 points after it rallied yesterday to the tune of nearly 500 points or slightly more than 6% yesterday.
GM and Chrysler are set to potentially receive another bailout from the government pending a review of their ability to stay solvent.
U.S. mortgage lending could increase sharply this year based on lowered interest rates from the Fed’s repurchase of mortgage-backed securities.
Fed Chairman Ben Bernanke stated in Congressional testimony this morning that allowing AIG to fail would have posed “unacceptable risk” to the global financial system.
The Wall Street Journal has an interesting article up this morning on how college towns have proven more recession resistant than most other cities.
