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Credit Crunch

UK Banks To Sell Hundreds Of Branches After Bailout From Government

AP | RAPHAEL SATTER | Posted 11.02.2009 | Business

Read More: Uk, Nationalization, Financial Reform, Bailouts, Banks, Rbs, Northern Rock, Eu, Lloyds Banking Group, Credit Crunch, Fiscal Policy, Business News

LONDON — The Royal Bank of Scotland, Northern Rock, and Lloyds Banking Group are to sell off as many as 700 branches in the next few years in exchan...

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Reviving the Local Economy With Publicly-Owned Banks

Ellen Brown | Posted 10.17.2009 | Business

Read More: Florida, Deflation, Wall Street, Inflation, Derivatives, Banks, Federal Reserve, Credit Crunch, Bank Bailout, Business News
Ellen Brown

Despite trillions of dollars in bailout money, bank loans fell to their lowest rate since the onset of the Great Depression. Now that the Fed has done all they can, is it time for the states to step in?

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Arthur Delaney

Bank Of America: Another Customer Gets Bank's Attention Via YouTube (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 09.30.2009 | Business

Read More: Housing Market, Debtors Revolt, Bank of America, Youtube, Credit Crunch, Bank Bailout, Customer Service, Business News

Darren Bryant of Pensacola, Fla. spent hours in what he calls Bank of America's "phone maze," getting bounced from person to person, never reaching so...

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The Choice for the G-20

Ann Pettifor | Posted 09.21.2009 | Business

Read More: US Economy, Unemployment, G-20 Summit, Economic Crisis, Finance Sector, Credit Crunch, Housing Crisis, Personal Debt, Bank Assets, Business News
Ann Pettifor

The hype around the stock bubble will most likely weaken any resolve to deal with the huge challenges posed by an out-of-control finance sector and a failing global economy.

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The Credit Crunch Is Intensifying

Garrett Johnson | Posted 09.19.2009 | Business

Read More: Bank Lending, Credit Crunch, Business News
Garrett Johnson

All this talk about economic recovery is puzzling. There is no talk about more jobs, higher incomes, or more paid working hours. So any recovery must come from credit. Yet it is credit that is lacking.

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Joseph Cassano, AIG Execs Could Face Grand Jury In Brooklyn

wsj.com | AMIR EFRATI and SUSAN PULLIAM | Posted 09.11.2009 | Business

Read More: Joseph Cassano, AIG Grand Jury, Aig, Financial Crisis, American International Group, Credit Crunch, Justice Department, Business News

Federal prosecutors, capping an 18-month investigation, are preparing to impanel a grand jury in Brooklyn, N.Y., to consider an indictment of a former...

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Greenspan: Market Crisis "Will Happen Again"

BBC NEWS | Posted 09.09.2009 | Business

Read More: Bbc, Financial Crisis, Federal Reserve, Alan Greenspan, Credit Crunch, Recession, Business News

The world will suffer another financial crisis, former Federal Reserve chief Alan Greenspan has told the BBC. "The crisis will happen again but it ...

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The New Power Girls: Is the Credit Crunch Hurting Women Startups?

Patricia Handschiegel | Posted 09.26.2009 | Business

Read More: Owning a Startup, Small Business, Women Founders, Female Founders, Women Startups, Women Entrepreneurs, Credit Crunch, The New Power Girls, Women in Business, Entrepreneurship, Business, Business News
Patricia Handschiegel

Today's new modern women entrepreneurs and executives know the power of networking and support. In fact, they live by it.

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Commercial Real Estate Is an Impending Disaster

Jerry Chautin | Posted 09.21.2009 | Business

Read More: Atlanta, Rent, Equitable Building, Talf, Credit Crunch, Cmbs, Insurance Companies, Deutsche Bank, Score, Wall Street Crisis, Developers, Investor, Sba, Term Asset-Backed Securities Loan Facility, Mortgage-Backed Securities, Great Mall, Barack Obama Administration, Financial Institutions, Landlords, Capmark, Reit, Business News
Jerry Chautin

Many of us know of people who have lost their homes through foreclosure. To a lesser extent we hear about struggling commercial properties vying for a limited pool of tenants.

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Arthur Delaney

Down, Not Out: Unemployed And Happier Than Ever

HuffingtonPost.com | Arthur Delaney | Posted 08.09.2009 | Business

Read More: Down-Not-Out, Unemployed, Unemployment, Jobs, Credit Crunch, Credit Crisis, Business News

Dixie Redfearn of Nevada City, Calif. wrote the Huffington Post to say her 30-year journalism career ended when she lost her job more than four months...

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Arthur Delaney

Debt Collectors: HuffPost Readers' Weirdest Harassment Stories (AUDIO)

HuffingtonPost.com | Arthur Delaney | Posted 07.23.2009 | Business

Read More: Credit Crunch, Credit Cards, Debt Collectors, ACA International, Debt Collector Harassment, Business News

Debt collectors perform a useful function. They recover scads of bad debt for creditors -- an estimated $40 billion worth in 2007 -- that helps keep l...

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Small Business Credit Card Cutbacks

nytimes.com | ANDREW MARTIN | Posted 07.20.2009 | Business

Read More: Credit Cards, Small Business, Credit Card Companies, Credit Crisis, Credit Crunch, Small Business Lending, Business News

Louis Licata has shelved plans to hire three more employees for his Cleveland law firm. Jeannie Macone, of Florida, is cutting back on inventory for h...

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Are Credit Markets Back to Normal?

Alan Schram | Posted 06.22.2009 | Business

Read More: Dollar, Money Market Funds, Wall Street, TED Spread, Bonds, Business News, Credit Crunch, Libor, Saving Money, Credit Markets, Tarp, Financial Crisis, Business News
Alan Schram

Credit markets may not be completely healed, but they are in much better shape than they were three months ago.

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Reform in the Age of Plastic

Sen. Chris Dodd | Posted 06.19.2009 | Politics

Read More: Congress, Senate, Economy, Credit Crisis, Chris Dodd, Credit Cards, Credit Card Debt, Democrats, Credit Crunch, Consumer Protection, Credit Card Industry, Politics News, Politics, Politics News
Sen. Chris Dodd

Over and over we've heard that consumers should act responsibly when it comes to credit cards. I agree -- but it's time we held credit card companies to the same standard.

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The Skinny on Credit Cards

Jim Randel | Posted 05.28.2009 | Business

Read More: Financial Crisis, Congress, Credit Crisis, Credit Cards, Credit Crunch, Credit Card Companies, Economy, Barack Obama, Business News
Jim Randel

Whereas consumers are far from blameless, the card companies -- with a push from the government -- could have done a much better job educating people and treating them more fairly.

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The Rating Agencies, A Key Reason For The Recession, Get Primed For An Overhaul

Huffington Post | Julie Satow | Posted 05.17.2009 | Business

Read More: Credit Rating Agencies, Wall Street Credit Rating Agencies, Credit Crisis, Credit Crunch, Rating Agency Liability, Business News

Much attention is being paid to the $12.1 trillion government bailout, and where that money is going. But the root cause that has created the need for...

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Credit Crisis May Kill Midway Privatization Deal

AP | Posted 05.01.2009 | Chicago

Read More: Midway Lease, Midway Airport Privatization, Credit Crunch, Midway Aiport Deal, Midway Airport, Mayor Daley, Chicago News

The credit crunch is threatening plans to lease Midway Airport to private investors for $2.5 billion. A Chicago official says an April 6 closing date...

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The Party Isn't Over Yet for Some

Heidi Kingstone | Posted 04.30.2009 | Style

Read More: Credit Crunch, Social World, Cipriani, London, Cipriani Restuarant London, Cipriani Restaurant, Cipriani's, Prosecco, Expensive Dining, Expensive Meals, Dining Out, Dining-Out, Food, Bellinis, Ferragamo, Style News
Heidi Kingstone

If there is a credit crunch in London, which few doubt, it's not at Cipriani, the Italian restaurant in the heart of London's exclusive Mayfair district.

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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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A Better Plan for the Banking System

Alan Schram | Posted 04.15.2009 | Business

Read More: Dollar, Money Market Funds, Fdic, Banks, Business News, Credit Crunch, Bank Deposits, Saving Money, Deficit, Tarp, Japan, Dow, Financial Crisis, Business News
Alan Schram

Take the money earmarked to large, corrupt and failing banks that wretchedly brought us to the precipice, and have the FDIC offer matching capital to anyone setting up a new community bank.

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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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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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What the Market is Telling Us Now

Alan Schram | Posted 04.08.2009 | Business

Read More: Stock Market, Business News, Credit Crunch, Dow, Obama, S&P, Bailout, Stimulus, Bush, Financial Crisis, Economic Crisis, Business News
Alan Schram

There is plenty of uncertainty now, but much less risk, because high quality stocks are available at much lower prices, and logically an investment is more attractive and less risky if made at a lower price.

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The Obama Revolution

Alan Schram | Posted 04.02.2009 | Business

Read More: Dollar, Wall Street, Banks, Inflation, Taxes, Business News, Credit Crunch, Debt, Obama, Bank Deposits, Stimulus, Deficit, Tarp, Dow, Financial Crisis, Nationalization, Business News
Alan Schram

The new budget President Obama proposed last week is no less than another American revolution, an economic revolution that changes the very fundamenta...

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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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