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Tag: Loan

‘Left, Right & Center’: Higher Gas Prices: Problem or Solution?

Mitt Romney swipes Rick Santorum with his Senate record. President Obama proposes subsidizing energy innovators as gas shoots up 12 cents a gallon in one week. Secretary of State Hillary Clinton offers a show of support for Assad’s opponents, and Greece signs loan papers.

Posted on Feb 25, 2012 READ MORE



Wikimedia Commons / Dan Smith (CC-BY-SA)

Secret Fed Loans Gave Banks Big Profits During Bailout

Here we have some news that Ohio Sen. Sherrod Brown believes “can unite the tea party and Occupy Wall Street.” Sound implausible? Well, Bloomberg News’ parent company went to court to access 29,000 pages of documents from the Federal Reserve, from which the outlet gleaned ... (more)

Posted on Nov 29, 2011 READ MORE


Discuss a Loan

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Posted on Nov 8, 2011 READ MORE



Flickr / International Monetary Fund

IMF to Scrutinize the Rich

While the International Monetary Fund has historically been an organization used by wealthy countries to assert economic dominance over the rest of the world, developing nations won a small battle Saturday as the IMF moved to increase scrutiny over its rich members, including the United States.

Posted on Oct 10, 2010 READ MORE


AIG sign

Senate Gives the Go-Ahead for Fed Lending Probe

When big financial institutions got themselves into a serious pickle in the fall of 2008, the Federal Reserve was there with beaucoup bucks in loans to prop them up. On Tuesday, the Senate voted unanimously to launch an inquiry into the Fed’s lending practices during the financial crisis.

Posted on May 11, 2010 READ MORE


credit cards
Flickr / The Truth About Credit Cards

Poll Indicates Americans Are Ready for Financial Overhaul

President Obama and his allies won’t have an easy time as they attempt to do some major renovations of our financial system, but according to a new Washington Post-ABC News poll, they at least have the support of the majority of Americans.

Posted on Apr 26, 2010 READ MORE



AP / Andy Blenkush

Borrowing While Poor

Why should a poor borrower be held more responsible than a rich borrower for the default of another poor borrower?

Posted on Apr 20, 2010 READ MORE



Flickr / Dan DC

Global Recession Scars the Rich Nations

According to the International Monetary Fund, the global economic crisis has not only screwed over the poor but has left “deep scars” on the developed world. The level of debt owed to richer countries is the highest since World War II, the IMF says.

Posted on Mar 21, 2010 READ MORE



Flickr / SteelCityHobbies

Detroit Bailout Looks Unlikely

The chief executives of the Big Three American car companies head to Washington Tuesday along with the head of the United Auto Workers to beg Congress for a bailout that seems less and less probable.

Posted on Nov 18, 2008 READ MORE


Bernanke
AP photo / Manuel Balce Ceneta

And Now, Even More Bad Financial News

There will hopefully come a day when the news from Wall Street is actually good (at the moment, anything better than utterly terrifying news would be nice), but Tuesday was not that day, despite Federal Reserve Chairman Ben Bernanke’s intimations that help could soon be on the way.

Posted on Oct 7, 2008 READ MORE


Paulson in negotiations
AP photo / Lauren Victoria Burke

Bailout Deal (Almost) Done

Early Sunday morning brought word that the end of the drawn-out bailout negotiations between warring factions of the federal government might finally be at hand, although the House and Senate had not yet officially approved terms of the proposed plan. Updated

Posted on Sep 27, 2008 READ MORE


Paulson and Lockhart
AP photo / Susan Walsh

Fannie and Freddie’s Double Whammy

With a stunningly vicious pair of blows, the faltering world economy—the Godzilla of this year’s presidential race—has made the candidates look small. Why hasn’t this looming crisis been part of the presidential debate?

Posted on Sep 9, 2008 READ MORE


for sale sign
Flickr / sfadden

Housing Signs Point to More Market Woes

The housing market is continuing its descent into Slumpsville, judging by the way things have gone over the first quarter of 2008, and indicators don’t look good for the immediate future, either. American homeowners have been forced into foreclosure in record numbers this year and late payments have soared to a new high.

Posted on Jun 5, 2008 READ MORE


FEC: Frist Violated Election Law in 2000

The Federal Election Commission, acting on a report by a watchdog group, found that Senate Majority Leader Bill Frist failed to disclose a $1.44 million loan that made it appear as though he had significantly more money than he did.

Posted on Jun 2, 2006 READ MORE


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