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'The Truth Behind The Jobless Recovery': Startups Can't Find Funding

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Even as the nation lacks the jobs to employ millions of workers, one crucial source of job-creation is being squelched: New businesses, which, accordi...

END OF CHEAP CREDIT? Surge Of Money From Bonds Could Hurt Lending

Posted 05.25.2011 | Business

NEW YORK (AP, Matthew Craft) -- Americans are leaving bond mutual funds at the fastest rate in more than two years. U.S. investors pulled $8.6 bill...

8 Million Less People Using Credit Cards

Tim Chen | Posted 05.25.2011 | Business
Tim Chen

The facts are in and it looks like Americans may have learned a valuable lesson: Credit, when used irresponsibly, can be a financial death sentence. T...

Divorce Investment Firms Fund Cases For A Cut

The New York Times | Posted 05.25.2011 | Divorce

While this business is in its infancy, Balance Point is part of a bigger trend -- the growing industry that invests in other people's lawsuits, arming...

The F Word: The Big Float's a Big Scam

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

Wednesday's mammoth release of documents pertaining to the Fed's bank bail out program could well spark the most outrage, at least among those not fortunate enough to head a firm on Wall Street.

Creating an American Latvia

The 14th Banker | Posted 05.25.2011 | Business
The 14th Banker

While inefficient or ineffective government is a problem, it pales relative to the effects of the power structures dividing up the wealth in a way the average citizen cannot grasp.

Small Businesses Delay Hiring, Wait For Senate To Act

USA Today | Posted 05.25.2011 | Business

Small businesses have put hiring, supply buying and real estate expansion on hold as they wait out the vote on a small-business-aid bill that stalled ...

Fed President: Why The Economy Is In A 'Trap'

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Higher prices, one top Federal Reserve official believes, could lead us out of the economic slump. The current problem, Chicago Fed President Char...

Small Business Jobs Bill BLOCKED By GOP

nytimes.com | DAVID M. HERSZENHORN | Posted 05.25.2011 | Business

WASHINGTON -- Perhaps the last best hope of Democrats to pass legislation aimed at creating jobs before the November elections seemed to be crumbling ...

Why The Difference Between 'Recession' & 'Depression' Is Key To Recovery

The New Republic | John B. Judis | Posted 05.25.2011 | Politics

There are, indeed, obvious differences between the current downturn and the Great Depression. The unemployment rate, for one thing, was much higher in...

Obama Calls Out Senate Republicans: Pass Small Business Bill

JULIE PACE | Posted 05.25.2011 | Politics

WASHINGTON (AP) -- President Barack Obama exhorted Congress on Monday to make passing a long-languishing small business aid package its first order of...

Obama Refusing to Back Private Sector Jobs Bill

Lloyd Chapman | Posted 05.25.2011 | Business
Lloyd Chapman

President Barack Obama is refusing to back a bill that could create millions of jobs in the private sector. The bill, the Fairness and Transparency in Contracting Act, H.R.2568, was introduced by Georgia Congressman Hank Johnson last May.

Survey: More Consumers Willing To Switch banks

Los Angeles Times | E. Scott Reckard | Posted 05.25.2011 | Business

Like them or not, banks can be hard to leave. Who wants to transfer accounts, get used to new branch locations or master a different online banking sy...

Support For Publicly Owned Banks Gains Momentum State Races, Legislatures

Yes! Magazine | Ellen Brown | Posted 05.25.2011 | Business

Michigan, which has an unemployment rate of 14 percent, has been particularly hard hit by the economic downturn. Virg Bernero, mayor of Lansing, the s...

Why Fannie Mae, Freddie Mac Continue To Cost US Taxpayers Billions

Huffington Post Investigative Fund | Ben Protess | Posted 05.25.2011 | Business

Of all the companies bailed out by the federal government, mortgage finance giants Fannie Mae and Freddie Mac are shaping up as the deepest money pits...

What if You're Not Oprah?

Jennifer Openshaw | Posted 05.25.2011 | Business
Jennifer Openshaw

Bottom line: no matter how large or small your nest egg, there are some things you can do to still manage it like the big boys.

Small Businesses Can't Get Loans From

McClatchy | Kevin G. Hall | McClatchy Newspapers | Posted 05.25.2011 | Business

Lending across the U.S. economy contracted 7.4 percent last year, the biggest such drop since 1942, according to the Federal Deposit Insurance Corp. T...

U.S. Small Businesses Turn To Microlenders For Funding

washingtonpost.com | Ylan Q. Mui | Posted 05.25.2011 | Business

When Ryan Fochler couldn't get a bank loan to start his dog-walking business, Ylan Q. Mui writes, he tried a less conventional source for start-up fun...

Maryland Legislature Considers Move Your Money Approach To State Business

Baltimore Sun | Eileen Ambrose Personal Finance | Posted 05.25.2011 | Business

The Maryland General Assembly is considering legislation that would essentially give state-chartered banks an edge when bidding to serve state agencie...

From Every Angle: Frustration in the Real Estate Business

Eric S. Margules | Posted 05.25.2011 | New York
Eric S. Margules

I have seen various ups and downs in the real estate business in my time. Never has there been such a confluence of frustration, from investors to lenders to owners as I see today.

The F Word: Human Interest in Bank Practices

Laura Flanders | Posted 05.25.2011 | Business
Laura Flanders

Wells Fargo made a bundle selling risky, high-cost subprime loans to African Americans, including long-time African American homeowners.

Schwarzman Says Kowtow to Banks or They Will Strangle the Economy

Yves Smith | Posted 05.25.2011 | Business
Yves Smith

Schwarzman and the finance industry's inability to see, much less admit, any culpability, and hence the need for root and branch reform, is pathological.

Big Bank Customers Move Their Money And Explain Why

Posted 05.25.2011 | Business

Americans fed up with the lack of financial reform and the behavior of big Wall Street banks are moving their money to smaller community banks and cre...

Stephen Schwarzman: Wall St. Bashing Will Make Banks 'Insecure' And Will Decrease Lending (VIDEO)

Posted 05.25.2011 | Business

Stephen Schwarzman, the founder of the Blackstone Group and one of the richest people in the world, is worried that bank bashing and uncertainty in f...

Loan Modifications: A $4 Billion Con Game

Richard Zombeck | Posted 05.25.2011 | Business
Richard Zombeck

Banks and servicers have fleeced nearly $4 billion from homeowners on false hope and empty promises. For the relative few, like my wife and I who received permanent mortgage modifications after a 15-month battle, the fight is far from over.