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Detroit, Congress playing chicken - Atlanta Journal ConstitutionThe United Auto Workers union has backed off considerably from its arrogant announcement a few weeks ago that it would accept no further concessions in wages and benefits to save the industry. Management of the Big Three is also a lot more humble ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Before the Health Blog signs off for the day, we thought we’d consult with the American health establishment on a pressing question: What to ...
Unhand that economy, villein! - Meganmcardle.theatlantic.comI've been thinking about this for awhile. How much of this current crisis is just a manifestation of the American--indeed human--will? We're always talking about politicians deluding us and Wall-Street manipulating us, and predatory lenders conning ...
Fed Aid Sets Off a Rush to Refinance - FOX NewsThe Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs. Some ...
Ron Grzywinski and Mary Houghton | community bankers - US News and World ReportIn the midst of the subprime mortgage crisis, most bankers are fleeing from at-risk homeowners. But a bank in gritty south Chicago is running toward them with open arms. ShoreBank is courting low-income homeowners threatened by exploding adjustable ...
3 Quick Steps For the Economy - US News and World ReportThe symptoms so far: Brokerages fail to honor wire transfer instructions. Treasury bill transactions don't settle. The bond markets have virtually shut down such that publicly traded short-term debt instruments of high-quality companies can't be sold ...
Hank to Homeowners: Drop Dead! - Huffingtonpost.com"Homeowners: Drop Dead!" is a pretty apt summary of the message Hank Paulson and the Bush administration have sent to the American people this week. Taxpayer purchases of "distressed assets," we'd been told by every administration figure still ...
What about the economy Obama, McCain? - NewsdayThere was a surreal quality to the presidential debate Tuesday night that was very discouraging. Even as both candidates went about their scripted, well-rehearsed routines, they all but ignored the 800-pound gorilla stalking around the room: the ...
Loan Modification Anyone? - CNBC[ CFC Loading... ( ) ] announced a deal with Neighborhood Assistance Corp. of America (NACA) to modify loans on a case-by-case basis. Then California Gov. Arnold Schwarzenegger announced a plan with Countrywide, GMAC and others to ...
U.S. moves to prop up those at risk of foreclosure - Globe and MailReality Check from Golf green on Bloor St., Canada writes: I don't like this at all. Do you hear the can of worms opening up? "To qualify, borrowers would have to be at least three months behind on their home loans, and would need to have home loans ...