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Credit Crisis

Auto Industry Warns Of Collapse If Auto Suppliers Aren't Bailed Out

Washington Post | Kendra Marr | Posted 03.28.2009 | Business

Read More: Automakers, Auto Bailout, Auto Industry Crisis, Auto Part Suppliers, Economy, Financial Crisis, Credit Crisis, Business News

For months Washington has focused on saving Detroit's automakers. But now the auto industry says it could face a bottom-up collapse if the suppliers s...

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The Credit Card Debt Crisis: The Next Economic Domino

Arianna Huffington | Posted 03.27.2009 | Business

Read More: Debt, Consumer Debt, Economy, Economic Crisis, Financial Crisis, Credit Crisis, Credit Cards, Credit Card Debt, Bank of America, Business News
Arianna Huffington

Hot on the heels of the banking crisis, the employment crisis, and the mortgage/foreclosure crisis, the country is on the verge of experiencing a credit card crisis.

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Just What Is a Credit Crisis?

Frank A. Weil | Posted 03.21.2009 | Business

Read More: Screen Actors Guild, Credit Default Swaps, Credit Crisis, Credit, Business News
Frank A. Weil

The answer begins by explaining that the word credit is derived from the ancient word "credere" meaning to believe, to trust.

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Consumed by Our Wants: The Hierarchy of Needs Makes a Comeback

Chip Conley | Posted 03.19.2009 | Business

Read More: Maslow's Hierarchy of Needs and Business, Credit Crisis, Harvard Business Review, Abraham Maslow, Business News
Chip Conley

We've become utterly confused by the difference between wants and needs. Modern man has begun to redefine his need as an unsatisfied 48-hour-old want.

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President Obama: Sign New Emancipation Proclamation to Free Us From Debt Slavery and Free-up the Economy

Ronald B. Robinson | Posted 03.16.2009 | Politics

Read More: Rescue Plan, Treasury Department, Credit Crisis, President Obama, Banks, Fico, Economy, Federal Reserve Board, Comptroller of the Currency, Stimulus, Business, Bailout, Housing Crisis, Politics News, Paulson, Credit Card Industry, Credit Scores, Housing, Financial Crisis, Foreclosure Crisis, Just Price Solutions, Bonuses, Politics, Economic Crisis, Breaking News, Bignews, Mortgage Crisis, Reform, Wealth, Banking Industry, Freddie Mac, Ponzi Scheme, Emancipation Proclamation, Debt Slavery, Republicans, Fanie Mae, Tax Cuts, Politics News
Ronald B. Robinson

Mr. President, help us create "a more perfect Union" from the "bottom-up." You can be the Lincoln of our times and free us from the greed and "top-down" bondage that has brought us here.

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Large Banks On The Edge Of Insolvency

nytimes.com | STEVE LOHR | Posted 03.15.2009 | Business

Read More: Banks Close to Insolvency, Economy, Banks Insolvency, Credit Crisis, Banks Near Insolvency, Stimulus Package, Financial Crisis, Business News

Some of the nation's large banks, according to economists and other finance experts, are like dead men walking. A sober assessment of the growing m...

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A Proposal on How to Clean Up the Banks

Jeffrey Sachs | Posted 12.14.2009 | Business

Read More: Economic Stimulus Package, Bailout, Clean Banks, Economic Crisis, Toxic Assets, Timothy Geithner, Credit Crisis, Government Bonds, Geithner Plan, 100 Days, Geithner Bailout, Obama Administration, Obama Economy, Zombie Banks, Business News
Jeffrey Sachs

The taxpayers should take over the bad assets in return for bank equity, but with a twist: the amount of equity transferred to the taxpayers would not be determined immediately.

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Geithner's Vague Bad Bank Plan Aggravates Credit Crunch: Analysis

Reuters | Kevin Drawbaugh | Posted 03.15.2009 | Business

Read More: Treasury Department, Bad Bank, Tim Geithner, Credit Crunch, Toxic Assets, Credit Crisis, Toxic Assets Bad Bank, Bad Bank to Buy Toxic Assets, Timothy Geithner, Treasury Secretary, Business News

WASHINGTON (Reuters) - Global credit markets are unlikely to revive as long as the U.S. government continues to dangle the vague prospect of a toxic a...

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Wall Street: Get Their Claws Out of the Real Economy

Ann Pettifor | Posted 03.14.2009 | Business

Read More: Interest Rates, Debt, Credit Crisis, Bank Bailout, Deflation, Wall Street, Cost of Credit, Deflationary Spiral, Debtonation, Business News
Ann Pettifor

The Treasury seems in danger of pandering to the Wall Street beast, rather than protecting the vulnerable -- those companies where real wealth is created.

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The Audacity of Dopes

William K. Black | Posted 03.13.2009 | Business

Read More: Tim Geithner Bailout, Savings and Loan Industry, Wall Street Crisis, Fdic, Geithner Plan, Gresham’s Dynamic, Geithner Bailout, Economic Crisis, Federal Deposit Insurance Corp, Toxic Assets, Banks, Banking Crisis, Financial Crisis, Timothy Geithner, Credit Crisis, Business News
William K. Black

The bankers have convinced the Bush and Obama administrations that the taxpayers should be looted to bail out risk capital. We should stop listening to the folks that caused the crisis.

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Obama and The Economy: How It's Going to Play Out

Ian Welsh | Posted 03.12.2009 | Politics

Read More: Congress Stimulus, U.S. Economy, Congress, Republicans Stimulus, Obama Stimulus, Geithner Plan, Economy, Economic Crisis, Credit Crisis, Obama Economy, Stimulus, Congressional Budget Office, Tim Geithner Bailout, Obama Stimulus Plan, Wall Street Crisis, Economic Stimulus Package, Geithner Bailout, Gop Stimulus, Financial Crisis, Banks, Banking Crisis, Timothy Geithner, Economic Stimulus, Politics News
Ian Welsh

The only people in this debacle who acted in the interests of ordinary Americans are House Democrats, but in the end they're going to be forced to choose between no bill and a fatally compromised bill.

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Credit Crunch: Is Your Business Getting Squeezed?

Tim Berry | Posted 03.12.2009 | Business

Read More: Banks, Banking Crisis, Small Business Owners, Small Business, Credit Crisis, Credit Crunch, Business Financing, Video, Business News
Tim Berry

It should be a simple question, right? How bad is the credit crunch for small business?

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The Auction Room Action

Charlotte Appleyard | Posted 03.09.2009 | Business

Read More: Contemporary Art, Credit Crisis, Sotheby's Christie's, Art Market, Damien Hirst, Sotheby's, Business News
Charlotte Appleyard

There has been a lot of discussion about what will happen to art prices.Theories abound that contemporary galleries will return to their "old masters" rather than nurturing younger talent.

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Open Letter to My Mortgage Companies

Francine Hardaway | Posted 03.09.2009 | Business

Read More: Citibank, Crisis, Mortgage, Lehmann Brothers, Aurora Loan Services, Tarp, TARP Money, Money, Economy, Economic Crisis, Mortgage Crisis, Credit Crisis, Arizona, Credit Crunch, Subprime Mortgages, Lehman Brothers, Subprime Mortgage Crisis, Subprime Mortage Crisis, Business News
Francine Hardaway

No, I don't want to move in with my daughters. I want to ask you to re-finance my mortgage at the current value of my house at a 4.2% rate, like everyone in Congress is suggesting.

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Put the Bankers Back to Work

E. Glen Weyl | Posted 03.08.2009 | Business

Read More: Tarp, Federal Reserve, Banking Crisis, Financial Crisis, Credit Crisis, Bailout, Economic Crisis, Lenders, Congressional Bailout, Business News
E. Glen Weyl

The Fed and Congress may be good at managing monetary policy and passing laws, but they are not loan officers nor bond investors.

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Change FICO Credit Scoring to Stimulate Economy and Address Housing and Banking Crisis

Ronald B. Robinson | Posted 03.25.2009 | Business

Read More: Treasury Department, President Obama, Economic Crisis, Federal Reserve Board, Economy, Fico, Ponzi Scheme, Credit Crisis, Stimulus, Banking Industry, Mortgage Crisis, Politics, Wealth, Credit Card Industry, Tax Cuts, Credit Scores, Banks, Republicans, Bonuses, Comptroller of the Currency, Business, Financial Crisis, Bignews, Paulson, Housing, Reform, Foreclosure Crisis, Housing Crisis, Rescue Plan, Bailout, Bailout Outrage, Business News
Ronald B. Robinson

Republicans are proposing a 4% home mortgage Ponzi scheme that's the modern day version of "40 acres and a mule." It's every bit the false promise that dashed the hopes of ex-slaves after the Civil War.

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Citibank Will Boost Lending By $36.5 Billion

AP | MADLEN READ | Posted 03.25.2009 | Business

Read More: Credit Availability, Lending Crisis, Credit Crunch, Credit Crisis, Lending Standards, Credit Markets Tight, Citibank Lending, Citibank, Bailout Outrage, Business News

NEW YORK — Citigroup, under pressure to increase its lending, says it will spend $36.5 billion to issue mortgages, make credit card loans and bu...

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"Too Big To Fail": A Bailout Hoax

Ismael Hossein-zadeh | Posted 03.05.2009 | Politics

Read More: U.S. Economy, Wall Street Bailout, Liquidity, Economics, Money, Economy, Economic Crisis, Bank of America, Credit Crisis, US Economy, Wall Street Crisis, Economic Stimulus Package, Wall Street, Banking, Banks, Banking Crisis, Citigroup, Great Depression, Bank Nationalization, Politics News
Ismael Hossein-zadeh

If "illiquidity is the core economic problem," as policy makers argue, why is then the government's injection of enormous amounts of liquidity failing to unfreeze the credit market?

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Live from Davos - Fareed Zakaria's Snappy Zinger

Jack Hidary | Posted 03.03.2009 | World

Read More: Gordon Brown, Wef, Zakaria, Davos 09, Davos, Latin America, Mexico, South Korea, Financial Crisis, Credit Crisis, Fareed Zakaria, World Economic Forum, Calderon, World News
Jack Hidary

The last plenary session at the WEF last night featured Fareed Zakaria asking a zinger of a question to a panel of the heads of state of the UK, South Korea, South Africa and Mexico.

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Limbaugh Needs a Lesson in Reality

Mike Papantonio | Posted 03.01.2009 | Media

Read More: Failure, President, Air America Radio, Unemployment, Rush Limbaugh, Mike Papantonio, Democrat, Recession, Manufacturing, Ring of Fire, Barack Obama, Economy, Veterans Affairs, Ann Coulter, Credit Crisis, Veterans, Sean Hannity, Prayer, Foreclosure, Media News
Mike Papantonio

If Limbaugh could step out of his 25,000 square foot home and see the pain of parents telling their children that they just lost their home, maybe then he would want Obama to succeed.

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We Need a Rehab Program for Spenders

Don McNay | Posted 02.24.2009 | Business

Read More: Payday Lending, Wall Street Bailout, Savers, Trickle-Down Economics, Addiction, Payday Loans, Don McNay, Credit Crisis, Consumer Spending, Amy Winehouse, Rich People, Citicorp, Spending, Kentucky, Poor, Credit Card, Subprime Loans, Shopping Spree, Personal Finance, Business News
Don McNay

The nation's economic system has also gotten addicted to shopping.To turn the economy around, Americans need to find a spender's version of rehab.

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Manufacturing a Dream and a Recovery

Scott Paul | Posted 02.22.2009 | Politics

Read More: Infrastructure, Economic Stimulus, American Manufacturing, Taxes, U.S. Economy, Economy, Economic Crisis, Manufacturing, Community Organizer, Jobs, Credit Crisis, Taxpayers, Barack Obama, Manufacturing Jobs, US Economy, Obama Economic Stimulus Plan, Economic Stimulus Package, Wall Street Crisis, Job Cuts, Wall Street, Chicago, South Side of Chicago, Community Organizing, American Jobs, Housing Bubble, Politics News
Scott Paul

If the destruction of capitalism and the arc of history were responsible for American manufacturing's steep decline, there would be a legitimate debate about whether it's worth saving.

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Businesses Big And Small Choosing Liquidation Over Restructuring

Washington Post | Annys Shin | Posted 02.18.2009 | Business

Read More: Small Business, Economic Crisis, Economy, Financial Crisis, Credit Crisis, Businesses Liquidating, Recession, Business News

With the economy in the tank, companies are doing all they can to stay afloat. For many, though, even the most desperate measures have not been enough...

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How To Profit From The Credit Crunch: Wall Street Journal

Wall Street Journal | MARK GONGLOFF | Posted 02.18.2009 | Business

Read More: Economy, How to Make Money From the Credit Crunch, Financial Crisis, Credit Crunch, Credit Crisis, How to Make Money Form the Credit Crisis, Business News

Investors shell-shocked by two nasty bear markets in stocks in less than a decade are starting to look elsewhere for good returns. In the wake of the ...

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Bailout A Windfall To Bankers Reluctant To Loan

New York Times | MIKE MCINTIRE | Posted 02.17.2009 | Business

Read More: Banks Not Lending, Economic Crisis, Financial Crisis, Banks, Credit Crisis, Bank Bailout, Bailout Bandits, Business News

At the Palm Beach Ritz-Carlton last November, John C. Hope III, the chairman of Whitney National Bank in New Orleans, stood before a ballroom full of ...

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