Posts tagged as:

meltdown

After the Bank Failure Comes the Debt Collector

April 16, 2009

After the Bank Failure Comes the Debt Collector | NY Times

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The End of Excess: Is This Crisis Good for America?

March 30, 2009

The End of Excess: Is This Crisis Good for America? | Time

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Poll: Politicians trusted more than business leaders on economy

February 23, 2009

Poll: Politicians trusted more than business leaders on economy | CNN

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The credit crisis, visualized

February 21, 2009
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What’s the Best Fix?

January 14, 2009

Why politicians and economists can’t decide on the best fix for the economy. What’s the Best Fix? | Newsweek

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2 more banks go belly-up

November 8, 2008

2 more banks go belly-up | CNN Money

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Banks keep credit card interest rates high despite low Fed rates

October 25, 2008

Even though the interest rates banks pay are dropping, credit card interest rates are holding steady. Joseph Ridout of Consumer Action thinks the banks are trying to make up for their losses on subprime mortgages.
At the same time, banks are cracking down on existing customers by raising rates, dropping limits, and taking other draconian measures.
But [...]

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AIG Was Spending Taxpayer Money Lobbying Against Mortgage Regulation

October 21, 2008

AIG Was Spending Taxpayer Money Lobbying Against Mortgage Regulation | Consumerist

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U.S. bank failures almost certain to rise in next year

October 5, 2008

U.S. bank failures almost certain to rise in next year | CNN

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This American Life explains the financial crisis & the bailout

October 4, 2008

This American Life has done two excellent shows to help ordinary folks like you and me understand the morass that is the U.S. economy.
A few months ago, in The Giant Pool of Money, Ira Glass and his crew explained the link between the housing crisis, the turmoil on Wall Street, subprime lending, and more. Follow [...]

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Stocks slump despite bank rescue

October 3, 2008

“Dow suffers worst weekly performance since the week after 9/11 attacks, as investors remain fearful about the economy.” Stocks slump despite bank rescue | CNN Money

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Mortgage forgiven for woman who shot self

October 3, 2008

Too little, too late. Mortgage forgiven for woman who shot self | CNN

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House passes bailout

October 3, 2008

It’s official. Both houses of Congress have now passed what must surely be one of the most pork-laden bills in U.S. history: the Wall Street welfare bill of 2008. Or the bailout, whichever you like. House passes bailout | CNN

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America needs smart, limited, enforceable regulations

October 2, 2008

With all the campaign rhetoric flying around as Congress scrambles to rescue its biggest campaign contributors, it is easy to lose focus on the underlying problem: how did we reach a point where Wall Street fat cats determine the stability of our country and the economic prosperity of regular Americans?
When the stability of Wall Street [...]

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Bailout bill fails; Dow plunges

September 29, 2008

Bailout bill fails; Dow plunges | CNN

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Wachovia goes under, bought up by Citigroup

September 29, 2008

In a deal brokered by the feds, Citigroup has agreed to acquire the majority of Wachovia, the latest bank to fail. From CNN:
Citigroup will acquire the banking operations of Wachovia for $2.2 billion in an all-stock deal, following much speculation over the weekend about the fate of the nation’s fourth-largest bank.
Citigroup buys Wachovia bank assets [...]

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LOLCATS: We’re In Ur Bank, Bailing It Out

September 28, 2008
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Goodbye WaMu, Hello JP Morgan Chase

September 26, 2008

If you were a Washington Mutual customer yesterday, you are a Chase customer today. JP Morgan Chase bought up most of WaMu’s accounts in the biggest bank failure in history. Expect the stock market to limbo to new, lower heights today.
What will happen if you are a WaMu customer? Here is what Chase has to [...]

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Bailout’s dry run for troubled borrowers?

September 25, 2008

“The FDIC centers its approach on reducing monthly payments (principal, interest, taxes and insurance) to 38 percent of household income. It works with the first mortgage and with people who are delinquent or approaching a higher interest rate. It’s not charging fees or late charges.
On average, borrowers with modified loans are saving $430 a month, [...]

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The doctor’s bill

September 25, 2008

In depth analysis of the bailout plan: “The chairman of the Federal Reserve and the treasury secretary give Congress a gloomy prognosis for the economy, and propose a drastic remedy.” The doctor’s bill | The Economist (Thanks, Greg!)

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