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Credit Crisis

Back to the Future

Larry Gellman | Posted 04.27.2009 | Living

Read More: Debt, U.S. Economy, Stocks, Economy, Stock Market, Economic Crisis, Credit Crisis, Obama Economy, Real Estate, Credit Cards, Credit Crunch, Finance, Financial Crisis, Economic Stimulus, Personal Finance, Personal Debt, Living News
Larry Gellman

Although it may not be as much fun as the more recent version, the new normal will probably look more like the normal of my youth than the unsustainable glory days of the last 20 years.

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I Just Gave You $45 Billion. Why Am I Still Paying ATM Fees?

Trey Ellis | Posted 04.25.2009 | Business

Read More: JPMorgan Chase, Credit Crisis, Credit Card Debt, Dick Durbin, Citigroup, Business News
Trey Ellis

The true cost of an ATM transaction is about a quarter. Let the banks make their money on interest from mortgages and business loans, the very loans that our bailout is supposed to foster.

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Three Scenarios for the Geithner Plan

Alan Schram | Posted 04.24.2009 | Business

Read More: Financial Crisis, Banks, Credit Crisis, Geithner Plan, Geithner, Timothy Geithner Treasury Secretary, Bailout, Tim Geithner, Geithner Bailout, Timothy Geithner, Business News
Alan Schram

The very premise behind Geithner's plan is flawed. We insist on saving the banks, and refuse to admit most of them are impaired beyond hope.

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US Dollar Devaluation as Predicted

Diane Francis | Posted 04.19.2009 | Business

Read More: Sub-Prime, Congress, Economic Crisis, Lobbying, Bonds, Banking Crisis, Credit Crisis, Obama, China, Recklessness, Geithner, Presidency, Bush, Bernanke, Saudi Arabia, Henry Paulson, Business News
Diane Francis

The Chinese are starting to switch from investing in U.S. T-bills to buying hard assets for stockpiling or acquiring corporations at bargain-basement ...

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Capitalism's Future And The 50 People Who Will Frame The Debate

Financial Times | Steven Bernard, Jeremy Lemer and FT Reporters | Posted 04.14.2009 | Business

Read More: Free Market Capitalism, Future of Capitalism, Economy, Economic Crisis, Capitalism Future, Credit Crisis, Capitalism, Disaster Capitalism, Credit Crunch, Business News

The credit crisis has placed the global financial system under almost unprecedented strain. Tackling the many problems and charting a course throug...

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Involuntary Simplicity?

Jasmine Boussem | Posted 04.13.2009 | Living

Read More: Simplifying-Life, Credit Crisis, Credit Card Debt, Capitalism, Affluenza, Living News
Jasmine Boussem

It is well known that disease symptoms are sometimes the result of the body working to cure an underlying condition. I suspect we will not only survive, but actually be healthier in the long run.

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Tim Geithner: Take My Toxic Assets, Please

Patrick Sauer | Posted 04.11.2009 | Comedy

Read More: Tarp, Bailout, Economy, Economic Crisis, Timothy Geithner, Credit Crisis, Barack Obama, Comedy News
Patrick Sauer

You gave the banks their shot; they blew it. Getting rid of my toxic assets is the just the type of bold American can-do action that helped defeat Hitler and conquer the Denny's Beer Barrel Pub Belly Buster Burger Challenge.

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Stephen Schwarzman: 45 Percent Of World's Wealth Destroyed

Reuters | Megan Davies and Walden Siew | Posted 04.10.2009 | Business

Read More: Stephen Schwarzman 45 Percent of World's Wealth Destroyed, Economic Crisis, Stephen Schwarzman Blackstone Ceo, Financial Crisis, Credit Crisis, Blackstone, Blackstone Ceo, Stephen Schwarzman, Global Economic Crisis, Business News

Private equity company Blackstone Group LP (BX.N) CEO Stephen Schwarzman said on Tuesday that up to 45 percent of the world's wealth has been destroye...

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Where Are the Credit Unions?

Andy Sernovitz | Posted 04.10.2009 | Business

Read More: Banking, Marketing, Banking Crisis, Banks, Credit Crisis, Credit, Credit Crunch, Credit Unions, Business News
Andy Sernovitz

If credit unions were doing a decent job of marketing, they could grab a massive percentage of the market from banks. But I haven't been asked to switch. I haven't seen an ad.

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Explaining The Credit Crisis (VIDEO)

Huffington Post | Julie Satow | Posted 04.06.2009 | Business

Read More: What Is the Creidt Crisis, Video, Explaining the Credit Crisis, Credit Crisis Explained, Credit Crisis, What Is a Cdo, Business News

Check out this video explaining the credit crisis: WATCH: The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo....

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Arthur Delaney

HuffPost Readers Share Credit Card Laments; Banks Blame Economy For Rate Hikes

HuffingtonPost.com | Arthur Delaney | Posted 04.02.2009 | Politics

Read More: Credit Card Rates, American Express, Ecnomic Meltdown, Bank of America, Amex, Capital One, Credit Crisis, Hidden Penalties, Hidden Fees, Politics News

Since our call for readers to send their unhappy credit-card stories, woeful tales of hiked rates and reduced limits have struck our inbox like The Bl...

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Citibank Hates Old People

Mena Trott | Posted 03.29.2009 | Business

Read More: Interest Rates, Tarp, Elderly, TARP Money, Economy, Economic Crisis, Credit Crisis, Credit Card Debt, Credit Cards, Credit Crunch, US Economy, Vikram Pandit, Bailout, Banking, Citibank, Banks, Bank Bailout, Citigroup, Business News
Mena Trott

During the election there was a lot of talk of not using a hatchet when a scalpel is needed. It seems as if Citibank just brought out their hacksaw and blunt hatchet.

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Financial Follies: Is the Fed Encouraging Credit Card Company Foot-Dragging?

Arianna Huffington | Posted 03.29.2009 | Business

Read More: Financial Crisis, Credit Crisis, Wall Street Crisis, Credit Cards, Economy, Economic Crisis, Credit Card Issuers, Business News
Arianna Huffington

In December, the Federal Reserve approved new rules curtailing some -- but by no means all -- of the more egregious practices of the credit card industry. But, surprisingly, the rules are not scheduled to go into effect until July 2010. Why this 18-month long delay before making the banks clean up their acts? READ MORE The Credit Card Debt Crisis: The Next Economic Domino 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. Yet the same banks that have been bailed out with billions of taxpayer dollars, have been turning around and gouging their most vulnerable customers. READ MORE Watch: Arianna on Countdown Discussing Obama's Approach to National Security Watch: Arianna Discusses Obama's Trip to Canada on CTV's Question Period

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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, 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 03.15.2009 | 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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