White House objects to ‘rant’ on its housing plan
February 22nd, 2009 by adminWhite House press secretary Robert Gibbs poked fun at Santelli by inviting him to come to the White House to read the details of Obama’s plan.
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Major indexes fall more than 6 percent for week
February 22nd, 2009 by adminWall Street ended another terrible week Friday, leaving major indexes down more than 6 percent as investors worried that the recession will persist for at least the rest of the year and that government …
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Authorities Fight Mortgage Fraud
February 22nd, 2009 by adminFederal and state authorities in Maryland and Virginia are joining forces to fight mortgage fraud.
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Stimulus package includes loan guarantees for small businesses
February 22nd, 2009 by adminThe economic stimulus package includes a $35,000 life preserver for small businesses drowning in red ink.
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Brown: ‘Banks Must Serve Britain’s Economy’
February 22nd, 2009 by adminBanks should be the “servant” of the economy and “never its master”, Gordon Brown has declared, in a call for a return to traditional banking methods.
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[President] Obama to propose tax increases, war spending cuts, in next budget
February 22nd, 2009 by adminUS President Barack Obama plans to outline a budget next week that would cut the federal deficit in half over the next four years by raising taxes and cutting spending on the war in Iraq, newspaper reports said …
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Woman sentenced to prison in mortgage scam
February 22nd, 2009 by adminA San Antonio woman convicted with her husband of bilking mortgage lenders out of $1.67 million has been sentenced to more than six years in prison.
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Analysis: Obama’s plans far exceed New Deal’s scope
February 22nd, 2009 by adminIn sheer size, the economic measures announced by President Barack Obama to address “a crisis unlike we’ve ever known” are remarkable, rivaling and in many cases dwarfing the New Deal programs that Franklin D. …
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Some denounce Obama’s homeowner rescue as unfair
February 22nd, 2009 by adminBanks got bailed out. So did automakers. So why not struggling homeowners? The question has struck a raw nerve across the country, with critics saying the Obama administration’s latest housing rescue rewards people who bought homes they couldn’t afford. Others counter that the taxpayer-financed plan will slow spiraling home prices and avert a deeper economic disaster.
The debate captures the strong emotions stirred up over who benefits as the government tries to fix the financial crisis. It’s likely to remain on the front burner for months as lawmakers consider other contentious issues _ like whether bankruptcy judges should be given the power to impose changes on borrowers’ home loans.
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Inside Look – Where is the Money?
February 22nd, 2009 by adminMadoff’s Investors Hear When They Could Get Money Back; Further Analysis and Discussion on Offshore Banking with Ken Rubinstein
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Governor’s Meeting
February 22nd, 2009 by adminThe nation’s governors are gathering for their winter meetings in andamp;lt;a href=andamp;quot;http://www.kxnet.com/t/washingtonandamp;quot; …
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Crisis boosts China’s pawn industry
February 20th, 2009 by adminSmall businesses in China turn to pawn shops for loans as the economic downturn forces them to look for financing beyond credit-shy banks.
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Treasurer: NC pension funds need extra $359M
February 20th, 2009 by adminNorth Carolina’s state employee pension funds need an additional $359 million from the Legislature during the next two years to keep them financially sound, State Treasurer Janet Cowell said Thursday.
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Help! I’m on my husband’s gas card, he’s not paid the bill
February 20th, 2009 by adminFacing a difficult financial decision? Send in your question to Gerri for some timely advice.
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Billionaire in fraud case always saw bright future
February 20th, 2009 by adminSubprime mortgages? His companies never got involved. Risky loans? He said he never made one.
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Small business owners warned of latest ‘tax rebate’ scam
February 20th, 2009 by adminOfficials today warned small businesses owners not to respond to letters appearing to have been sent by the Small Business Administration, asking for banking information in order to qualify for tax rebates.
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Nationa s fears of losing jobs on rise, poll shows
February 20th, 2009 by adminWASHINGTON Fears are mounting about losing a job, not having enough money to pay the bills and evaporating retirement accounts, according to an Associated Press-GfK poll released Wednesday.
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Business Update: Home help
February 20th, 2009 by adminFeb. 18 – President Obama unveiled a home foreclosure prevention program that could help up to 9 million families.
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4 NYers Ran $10M Subprime Mortgage Scam
February 20th, 2009 by adminRequired fields are marked with an asterisk The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications.
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Foreclosure Plan Reactions
February 20th, 2009 by adminThe last thing anyone wants is for a foreclosure sign to end up on the front lawn.
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Records: Home of octuplets’ grandmother in default
February 20th, 2009 by adminProperty records show the house where the Southern California woman who gave birth to octuplets lives is under the threat of foreclosure.
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Congress takes up mortgage relief in bankruptcy: Troubled homeowners could get help from judges
February 20th, 2009 by adminIn Judge A. Jay Cristol’s bankruptcy court, the bench shakes and a deep thud reverberates throughout the room as he stamps one of many documents that mark the steady progress of a case.
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Secretary: Banks must step up to ensure foreclosure initiative succeeds
February 20th, 2009 by adminU.S. Housing Secretary Shaun Donovan says it’s important that lending institutions “step up to the plate” to help make certain the Obama administration’s new home foreclosure initiative succeeds.
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Government pension agency braces for recession
February 18th, 2009 by adminThe deepening recession spells trouble for a little-known government corporation that insures the pensions of 44 million workers and retirees.
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MBIA splitting off muni insurance business
February 18th, 2009 by adminShares of MBIA Inc. jumped as much as 42% Wednesday, rallying as the company announced that it’s splitting its municipal-bond insurance business off from its business insuring troubled structured-finance …
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Homeowners’ rallying cry: Produce the note
February 18th, 2009 by adminKathy Lovelace lost her job and was about to lose her house, too. But then she made a seemingly simple request of the bank: Show me the original mortgage paperwork.
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Tips to survive the recession
February 18th, 2009 by adminLeanne Gregg of NBCNC for NBC News: With the New Year and the new economy, people are re-evaluating their financial goals and how to reach them.
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Q&A: How will the stimulus plan help me?
February 18th, 2009 by adminPresident Barack Obama signed into law Tuesday the largest government economic rescue plan in the nation’s history, a $787 billion package of spending, tax cuts and tax credits that’s designed to help pull the …
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Schumer endorses Murphy in special election
February 18th, 2009 by adminUS Senator Charles Schumer Monday endorsed congressional candidate and businessman Scott Murphy at the Philly Pretzel Factory in Clifton Park, a locally owned small business that opened its doors three months …
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Largest banks that received aid cut lending
February 18th, 2009 by adminThe 20 largest banks that received government rescue funds slightly reduced their lending to consumers and businesses in the last three months of 2008, the government said Tuesday.
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GRPS board
February 18th, 2009 by adminOutgoing Grand Rapids Public Schools board member and one-time board president David Allen said Monday night the district will have “no other option” but to close or consolidate additional schools in light of …
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‘Third expect income fall’
February 18th, 2009 by adminNearly a third of Britons expect their disposable income to fall in the coming year, research shows.
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Highlights of $787 billion stimulus plan
February 18th, 2009 by adminHighlights of the $787 billion bill signed into law Tuesday by President Barack Obama.
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Stimulus signing today
February 18th, 2009 by adminThis week will be a pivotal one for President Barack Obama and the U.S. economy, as interlocking parts of his economic rescue effort are set to be signed, sealed or delivered.
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Obama launches economic whirlwind
February 16th, 2009 by adminPresident Barack Obama launches an economic whirlwind this week, signing the newly passed $787 billion economic stimulus package in Colorado, before moving to Arizona to tackle the home mortgage foreclosure crisis.
As he struggles to lift the country from the worst economic downturn since the Great Depression of the 1930s, Obama termed passage of the stimulus package a ‘major milestone on our road to recovery.’
Of perhaps equal importance will be his effort to reverse the collapsing housing market that triggered a financial crisis of still-unknown proportions.
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Tax filing could be a bigger pain this year
February 16th, 2009 by adminIf you thought it was daunting to file a federal tax return last year, this year’s filing season might give you the willies.
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Administration pushing ahead with bank rescue
February 16th, 2009 by adminThe Obama administration is not letting widespread criticism of the rollout of its revamped bank bailout plan slow down its efforts to address the worst financial crisis in seven decades.
Treasury Secretary Timothy Geithner spent the weekend explaining the plan to America’s allies at a meeting of the Group of Seven major industrial countries, where he got a much better response than the initial reaction on Wall Street.
Investors sent stocks plunging last week after the plan was announced because of their unhappiness over aspects of the program that were left out and a lack of details over a major initiative to attract up to $1 trillion in public and private financing to get toxic assets off banks’ books.
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Roiling market creates investing opportunities
February 16th, 2009 by adminThroughout the market’s downturn, investors have been critical of mutual funds that failed to move to cash or to aggressively pursue the most rewarding and profitable arenas in the investment world.
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N.Y. Comptroller: Pension Bill Doubles in Decade
February 16th, 2009 by adminThe state comptroller reports New York spent $7 billion on pensions for state and local government workers in 2008, more than double the $3.4 billion spent in 1998.
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U.S. abuse suspect held in Taiwan
February 16th, 2009 by adminFeb 16 – Taiwan police arrest a suspected child molester wanted by a Californian court.
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Landing a part-time job
February 16th, 2009 by adminThere are over 11 and a half million people looking for jobs. And almost 8 million people have settled for a part-time job, simply because they couldn’t find a full-time position.
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Economy sermon
February 15th, 2009 by adminSome local churches are teaching people how to save money, not just save themselves
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DES describes services being cut, eliminated
February 15th, 2009 by adminInvestigations of some reports of potential risk to children and vulnerable adults are among services and programs being eliminated or scaled back because of budget cuts, the state Department of Economic …
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Cleveland foreclosure depicted in winning photo
February 15th, 2009 by adminAMSTERDAM – A U.S. photographer won the top prize in the World Press Photo competition Friday with an image of a police officer searching a debris-strewn home in Ohio to ensure evicted residents had left after …
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Madoff investor kills himself
February 15th, 2009 by adminA former British soldier killed himself after losing his life savings in an alleged $50bn fraud run by Wall Street financier Bernard Madoff, the dead man’s son said.
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Mass. gas tax may be first step in political tango
February 15th, 2009 by adminBy considering a proposal to raise the state’s gasoline tax by 27 cents a gallon, Gov.
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Meltdown 101: How a mortgage aid plan might work
February 15th, 2009 by adminThe government, facing a housing crisis that’s escalated far beyond all but the most dire predictions, is looking at ways to spend at least $50 billion to make sure borrowers can stay in their homes.
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Obama To Outline Foreclosure Halt Plan
February 15th, 2009 by adminThe White House says President Barack Obama will outline his much-anticipated plan to prevent foreclosures in a speech in Arizona on Wednesday.
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PM orders review of MPs’ pensions Prime Minister Gordon Brown has…
February 15th, 2009 by adminPrime Minister Gordon Brown has ordered a major review of MPs’ pension arrangements, designed to put the brakes on their escalating cost to the taxpayer.
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Lender Wants To Restart Foreclosure Sales
February 15th, 2009 by adminAP – A lender is asking a federal judge to force the Wayne County sheriff to resume home foreclosure sales.
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