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MOB #46 – Identity Theft, Core Inflation, Fannie Mae & Freddie Mac Conservatorship

September 10th, 2008 · podcasts

We start Millionaire or Bust off with a tragic story about a local man who was killed by an SUV as he was getting into his car while picking his autistic son up from middle school in our town. We discuss some worrying issues with the way that the newspaper exposed their bank account information in a story trying to raise money for the family. Because of those issues, we won’t link to the story here.

Then we quickly mention another way banks hit you harder than you might expect with overdraft fees. Information is courtesy of an article from

Next, we hit the story you’ve probably all waited for us to cover. That’s right, we talk about what the rescue of Fannie Mae and Freddie Mac means for mortgage rates. We reference two stories. The first is from and the second is from We talk about how mortgage rates, loan availability, loan qualification and loan fees will be affected. Results will differ based on your credit score and the size of the down payment that you can afford to make.

Then we discuss Hurricane Gustav, Tropical Storm Hanna & their affect on oil and gas prices. We discuss an article from that covers the price fluctuations caused by the weather.

We also very briefly touch on some economic data before explaining some terminology commonly thrown around in regards to inflation. We pull inflation information from and to illustrate our points. Of course, we rant a little about inflation and taxes, so as not to disappoint anyone.

And for anyone interested in some free eBooks, we received a list of resources from one of our listeners, J.L. Coburn.

They are:

  • – free textbooks
  • – mostly technical books
  • – literary classics
  • – multiple formats, mostly independent ebooks
  • – mostly classics
  • – selection of classics & private titles
  • – classics, banned, out of print (many from PG)
  • – requires signing up
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    1 response so far ↓

    • 1 Maria Isabel // Sep 14, 2008 at 8:39 pm

      Dear David:
      As usual your show is full of very important information. I am glad that you touched on what kind of information you should give when you need monetary help.
      I like the way you make things easier for me to understand.
      Keep up the good job!

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