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Credit Crunch

Arthur Delaney

Down, Not Out: Unemployed And Happier Than Ever

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

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...

Arthur Delaney

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

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

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...

Small Businesses Squeezed By Credit Cutbacks

nytimes.com | ANDREW MARTIN | Posted 05.25.2011 | Business

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...

Are Credit Markets Back to Normal?

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

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

Reform in the Age of Plastic

Chris Dodd | Posted 05.25.2011 | Politics
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.

The Skinny on Credit Cards

Jim Randel | Posted 05.25.2011 | Business
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.

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

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

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...

Credit Crisis May Kill Midway Privatization Deal

AP | Posted 05.25.2011 | Chicago

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...

The Party Isn't Over Yet for Some

Heidi Kingstone | Posted 05.25.2011 | Style
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.

Back to the Future

Larry Gellman | Posted 11.17.2011 | Healthy Living
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.

A Better Plan for the Banking System

Alan Schram | Posted 05.25.2011 | Business
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.

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

Financial Times | Steven Bernard, Jeremy Lemer and FT Reporters | Posted 05.25.2011 | Business

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

Where Are the Credit Unions?

Andy Sernovitz | Posted 05.25.2011 | Business
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.

What the Market is Telling Us Now

Alan Schram | Posted 05.25.2011 | Business
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.

The Obama Revolution

Alan Schram | Posted 05.25.2011 | Business
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...

Citibank Hates Old People

Mena Trott | Posted 05.25.2011 | Business
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.

Paulson Policy Failures

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

The Treasury's policy did nothing to build confidence or stabilize the markets. The precipitous drop of the equity markets in October and November are the market's judgment on their policies.

How Big is This Bailout?

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

It's not the government's job to make stocks go up. It's their job to ensure stability and confidence to counter the fear and panic now so prevalent all over the world. Markets will find their own equilibrium when that happens.

Citibank Will Boost Lending By $36.5 Billion

AP | MADLEN READ | Posted 05.25.2011 | Business

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...

Saving the Banks

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

Housing prices have to fall because they have been inflated for years, but they will ultimately reach an economic equilibrium. When that is accomplished, the financial system will recover.

Business Credit Crunch: Where it Really Hurts

Tim Berry | Posted 05.25.2011 | Business
Tim Berry

Last week we asked business owners about business credit: bank loans, commercial credit, SBA loans, etc. Results were not good, as the numbers (below)...

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

Reuters | Kevin Drawbaugh | Posted 05.25.2011 | Business

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...

Credit Crunch: Is Your Business Getting Squeezed?

Tim Berry | Posted 05.25.2011 | Business
Tim Berry

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

We Must Face the Music with Banks

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

Instead of recapitalizing and subsidizing the foolish and irresponsible banks that got us into this mess, we should let home prices fall to their economic equilibrium.

Open Letter to My Mortgage Companies

Francine Hardaway | Posted 05.25.2011 | Business
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.