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Credit Crisis

Economist Predicts Just 2% Growth In 2010

New York Times | GRETCHEN MORGENSON | Posted 11.28.2009 | Business

Read More: Mortgage Purchase, Earnings, Cost Cutting, Walmart, Recovery, Lending, Credit Crisis, Economic Growth, Mcdonalds, Dubai, Gdp, Federal Reserve, Fed, Bernanke, Financial Crisis, Wall Street, Productivity, Business News

A Robust economic recovery in 2010 is certainly on most investors' wish lists as this year draws to a close. A return to prosperity would not only mea...

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Credit Card Delinquencies Fell In Third Quarter

AP | EILEEN AJ CONNELLY | Posted 11.23.2009 | Business

Read More: Credit Crisis, Credit Card Debt, Credit Cards, Consumer Spending, Business News

NEW YORK — Consumers got more serious about paying down their credit card debt this summer, a time when deliquencies usually go up. Cardholders...

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Arthur Delaney

One Million Will Lose Unemployment Benefits In January Unless Congress Acts

HuffingtonPost.com | Arthur Delaney | Posted 11.19.2009 | Business

Read More: Unemployment Benefits, Credit Crisis, Unemployment, Recession, Business News

One million people will stop receiving unemployment benefits in January unless Congress makes a move before the Christmas recess, according to an anal...

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Goldman Sachs Nearly Bankrupted AIG

Janet Tavakoli | Posted 11.17.2009 | Business

Read More: Socgen, Cdos, Goldman Sachs, Bank of Montreal, Joe Cassano, Janet Tavakoli, Goldman Sachs Bailout, AIG Bailout, Aig, Credit Crisis, Credit Default Swaps, Wachovia, Calyon, Business News
Janet Tavakoli

Goldman Sachs wasn't the only contributor to the systemic risk that nearly toppled the global financial markets, but it was the key contributor to the systemic risk posed by AIG.

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Arthur Delaney

'Spokesjerk' Revolution Fails To Materialize: FreeCreditReport.com Front Man Sticks To His Guns

HuffingtonPost.com | Arthur Delaney | Posted 11.13.2009 | Business

Read More: Credit Report, FreeCreditReport.Com, Credit Crisis, Lobbyblog, Business News

Andy Cobb starred in TV commercials pitching health insurance for Blue Cross and Blue Shield of Florida -- until he had a crisis of conscience. "In s...

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Bank Lending Down Despite Massive Bailouts And Increasing Regulations

bloomberg.com | Rich Miller | Posted 11.12.2009 | Business

Read More: Goldman Sachs, JP Morgan, Subprime Mortgages, Tim Geithner, Bank of America, Financial Crisis, Credit Crisis, Treasury Secretary, Business News

While financial institutions including Citigroup Inc. and Bank of America Corp. have received more than $200 billion in capital from the government, t...

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Woman Donates House To Paralyzed Man Living In Storage Shed

The Huffington Post | Julian Hattem | Posted 11.04.2009 | Business

Read More: Credit Crisis, Bearing Witness 2.0, Foreclosure, Bearing Witness, Impact, Business News

As part of its Bearing Witness 2.0 project, the Huffington Post is rounding up a few of the best local stories of the day. In southern Texas, Estela...

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Arthur Delaney

29 Overdraft Fees In 27 Days: Birthday Spoiled By Bank Statement

HuffingtonPost.com | Arthur Delaney | Posted 11.04.2009 | Business

Read More: Debtors Revolt, Debit Cards, Bank of America, Chase Bank, Bearing Witness 2.0, Nsf Charges, Credit Crisis, Overdrafts, Business News

Matthew Miller of San Pedro, Calif. spent $2,395 from his checking account during the month of October. He deposited $3,445 on top of a starting balan...

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Arthur Delaney

"I Was Blind To Let You Go": BofA Dumps Complaining Customer, Wants Her Back Two Days Later

HuffingtonPost.com | Arthur Delaney | Posted 10.30.2009 | Business

Read More: Credit Cards, Debtors Revolt, Bank of America, Consumers, Credit Crisis, Business News

Jane Padgett couldn't believe it when the company that sells her dog's medicine said her credit card had been denied. When she called Bank of America,...

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The Lawyers Who Would Torture

David A. Love | Posted 10.29.2009 | Books

Read More: Geneva Conventions, Tarp, George Bush, U.S. Economy, Law, Elizabeth Warren, Judges, David Cole, Economy, Books, Foreign Affairs, Economic Crisis, Rule of Law, George W. Bush, Ponzi Scheme, CIA Torture, Credit Crisis, Credit Cards, John Yoo, Foreign Policy, John Yoo Memo, Politics, Human Rights, Cia, Torture Memos, Torture, Books News
David A. Love

Throughout history we have witnessed the ways in which societies compromise their legal systems to oppress the many, benefit the few, and sanction the unconscionable.

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Arthur Delaney

Ann Minch To Chase Bank: "Are You Stupid?" (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 10.26.2009 | Business

Read More: Ann Minch, Chase Bank, Debtors Revolt, Credit Crisis, Credit Cards, Business News

Ann Minch has a question for Chase Bank after it raised the interest rate on her credit card to 21.24 percent. "Are you stupid? Chase Bank, are you s...

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My Action Plan: 15 Things Every American Can Do Right Now

Michael Moore | Posted 10.22.2009 | Politics

Read More: Cooperatives, Newspapers, Twitter, Civil Disobedience, Evictions, Credit Crisis, Credit Cards, Media, Facebook, Democratic Party, Green Energy, Single Payer, Barack Obama, Movies, Campaign Finance, Michael Pollan, Wall Street, Michael Moore, Protest, Sarah Palin, Showdown-in-Chicago, Financial Crisis, Capitalism: A Love Story, Universal Health Care, Climate Change, Foreclosure, Medicare, Unions, Global Warming, Politics News
Michael Moore

I have 15 things we can all do right now to fix the very broken system in this country and to fight back against those who have brought us to where we are. C'mon people -- we can do this!

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The US Dollar: Don't Just Do Something, Stand There!

Marshall Auerback | Posted 10.15.2009 | Business

Read More: Fed, Credit Crisis, Default, Inflation, Dollar, Interest Rate, Depreciation, Business News
Marshall Auerback

It seems there isn't a day that goes by without more commentary on the demise of the dollar and the concomitant risk of a collapse of the world's reserve currency.

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Jason Linkins

Elizabeth Warren: "The Middle Class Is Under Terrific Assault"

HuffingtonPost.com | Jason Linkins | Posted 10.08.2009 | Business

Read More: Tarp, Elizabeth Warren, Video, Economic Crisis, Financial Crisis, Credit Crisis, Business News

Warren, who chairs the Congressional Oversight Panel, which makes her your last, best -- maybe only -- hope at getting the TARP money back, touches on several areas of enormous interest.

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Developers Need Community Support, Communities Need Affordable Housing

John Petro | Posted 10.08.2009 | New York

Read More: Coney Island, Mayor Bloomberg, Williamsburg Brooklyn, Greenpoint Brooklyn, Credit Crisis, Inclusionary Zoning, San Francisco, Housing Crisis, New York City, Affordable Housing, Developers, New York News
John Petro

People are still moving to New York -- despite the recession -- and hundreds of thousands of new housing units will need to be built before supply catches up with demand.

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Why B-Schools Don't Change

Pablo Triana | Posted 10.07.2009 | Business

Read More: Mckinsey, Business School Reform, Goldman Sachs, Business School, Mbas, Banking, Business School Jobs, Credit Crisis, Business Ethics, B-School, B-School Professors, Business News
Pablo Triana

The dirty little secret of B-schools is that, even if they wanted to, they may not be able to unshackle themselves from practical irrelevance.

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The IMF Catapults From Shunned Agency to Global Central Bank

Ellen Brown | Posted 10.01.2009 | Business

Read More: Interest Rates, Stimulus Package, g20 Pittsburgh, Federal Reserve, US Dollar, Credit Crisis, Imf, Third World Debt, World's Reserve Currency, Sdrs, Business News
Ellen Brown

The U.S. can settle its debts and get its own house in order, but that would cause world trade to contract. A substitute global reserve currency is needed to fuel the global economy while the U.S. solves its debt problems.

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Is Credit Evil?

Don McNay | Posted 09.29.2009 | Business

Read More: Financial Peace, Kentucky Guardianship Administrators, Capital One, Investment Risk, Big Money, Cnbc, Aig, Mortgages, Richmond Ky, Home Prices, Christian Author, Financial Crisis, Immediate Annuity, American College, Tax-Refund-Anticipation-Loans, Lexington, Personal Finance, Credit Card Fees, McNay Settlement Group, Msfs, Payday Lending, Structured Settlement, Citigroup, Chfc, Loan Sharks, Home Mortgages, Car Loans, Upside Down, Larry Burkett, Kentucky, Don McNay, Payday Loans, Credit Crisis, Structured Settlement Annuity, Credit Cards, Fox Business News, Clu, American Express, Dave Ramsey, JPMorgan Chase, Cnn, Subprime Mortgages, Credit, Vanderbilt University, Syndicated Radio, Million Dollar Round Table, Eastern Kentucky University, Fox News, Warren Buffett, Cssc, Annuity, Race Track, Too Big to Fail, High Interest Rates, Christian Financial Concepts, Louisvile, Business News
Don McNay

I've watched many people get in trouble with upside down car loans, second mortgages or high interest rate financing. Credit keeps many people from living within their means. Then a friend told me he was buying a large house.

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Credit Scores: FICO Formulas Are Being Changed By Lenders

usatoday.com | Kathy Chu and Sandra Block | Posted 11.22.2009 | Business

Read More: Credit Cards, Experian, Fico, Fico Formulas, Consumers, Credit Crisis, Transunion, Credit Card Debt, New Credit Scores, Credit Scores, Business News

Long after the economy recovers, millions of Americans will be left with a grim legacy of the recession: damaged credit scores, the three-digit rating...

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Arthur Delaney

Ann Minch Triumphs In Credit Card Fight (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 11.21.2009 | Business

Read More: Interest Rates, Ann Minch, Debtors Revolt, Credit Crisis, Credit Cards, Business News

Two weeks ago, Ann Minch of Red Bluff, Calif. announced in a YouTube video that she'd launched a one-woman "Debtors' Revolt" and would refuse to pay o...

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Why Obama Won't Be Able to Reform Wall Street

Arianna Huffington | Posted 11.14.2009 | Business

Read More: Obama Wall Street Speech, Wall Street, Obama Financial Reform Speech, Barack Obama, Obama Financial Address, Credit, Lending, Credit Crisis, Main Street, Business News
Arianna Huffington

Obama won't be able to change the course our financial system is on unless he takes on the bankers and their hordes of lobbyists who continue to dictate policy in DC.

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Why Doesn't the Media (Really) Care About the Credit Crisis?

Pablo Triana | Posted 11.14.2009 | Business

Read More: Committee on Science and Technology, Value at Risk, Credit Crisis, Value at Risk Hearing, Wall Street, Business News
Pablo Triana

I don't need to tell you that this financial crisis involved financial fraud, murder, and annihilation of the worst kind. Shouldn't media people want to dig in and truly get what happened?

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A Year After The Crisis, The Consumer Economy Is Dead

McClatchy | Kevin G. Hall | Posted 11.08.2009 | Business

Read More: Savings Rate, Financial Crisis, Credit Crisis, Consumer Spending, Consumer Economy, Business News

WASHINGTON -- One year after the near collapse of the global financial system, this much is clear: The financial world as we knew it is over, and some...

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Good Riddance, Cash for Clunkers

Alan Schram | Posted 09.30.2009 | Business

Read More: Deficit, Trade Deficit, Stimulus Package, Cash for Clunkers, Business News, Aig, Credit Crisis, China, Business News
Alan Schram

Washington is experimenting with bogus stimulus, such as the "cash for clunkers" program. Taxing Peter to subsidize Paul's new car is not a recipe for sound economic growth.

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Credit Card Companies Plan To Shrink Limits For Millions Of Americans

Reuters | Juan Lagorio | Posted 09.28.2009 | Business

Read More: American Express, Credit Crisis, Credit Card Limits, Credit Cards, Credit Suisse, Business News

NEW YORK (Reuters) - Millions of Americans have already seen their credit card limits shrink, and millions more face the same fate as lenders prepare ...

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