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Financial Institutions

Mortgage Banker's Forecast: More Regulation Will Cost Consumers and Taxpayers

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Washington, D. C. is hot, but the rest of the nation is not when comparing our unemployment rates to the nation's capitol. "The largest over-the-month...

New Refinancing Program May Help Stem a Pending Foreclosure Disaster

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Pundits say that $350 billion of commercial mortgage loans are coming due for payoff. The balances still owed are so high that many borrowers will be unable to refinance conventionally.

Just Do It--Shaping the New Financial System

José Viñals | Posted 05.25.2011 | Business
José Viñals

Fearful financial markets, an uncertain growth outlook, fiscal anxieties, long unemployment other financial crisis since the Great Depress...

Franchising Is an Alternative to Unemployment if You Can Get Start-Up Financing

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Self-employment is an alternative to unemployment. Yet, determining what kind of business to start, knowing how much money you will need, and what steps to take can be daunting

$30 Billion Is Being Allocated to Boost Small-Business Lending

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Big banks prefer making multimillion-dollar loans to large corporations instead of small-businesses because the fee income is greater and it allows them to hire experts in industries that they want to target.

'Sorry Seems to Be the Hardest Word'

Saly A. Glassman | Posted 05.25.2011 | Business
Saly A. Glassman

In the eyes of the investor, financial institutions lost their connection with compassion, understanding, and commitment, and jeopardized their long-term relationships with clients.

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Geithner: Failing Firms Won't Get A Second Chance -- 'We Will Dismember Them' | Morning Edition | Posted 05.25.2011 | Business

The finance-reform bill Congress is likely to pass this summer won't eliminate the risk of failure for financial firms, Treasury Secretary Tim Geithne...

Wall Street, Repent!

Jim Wallis | Posted 05.25.2011 | Religion
Jim Wallis

The principles of clarity, transparency, accountability, and protecting the common good against private greed are not just economic policy matters. On a more transcendent level, they provide the metrics of real repentance.

The Death Squad of the Consumer: the Credit Scoring Agencies

Georges Ugeux | Posted 05.25.2011 | Home
Georges Ugeux

It is rather strange that, in the fury of the abuses by credit card issuers, little attention has been paid to those who, on behalf of the banks, ha...

Bank Regulation, Need for Transparency, and Politics as Usual Makes the Outcome Uncertain

Jerry Chautin | Posted 05.25.2011 | Politics
Jerry Chautin

Bank regulation is caught up in political maneuvering. Pro and con lobbying groups are spinning legislators. We need reform.

The Obama Administration is Discouraging Entrepreneurship by Preaching That Taking Risk is Evil

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

President Barack Obama and his risk-aversive legislators are sending the wrong message to America's entrepreneurs. They equate risk taking with wanton greed and evildoing.

ABC News Poll: Three-Quarters Say Banks Need To 'Make Amends' For Crisis

ABC News | GARY LANGER | Posted 05.25.2011 | Business

ABC News reports that in a new poll for "ABC World News with Diane Sawyer," seventy-seven percent of respondents say that financial institutions "have...

Governor Corzine, You Are Wrong About Goldman's Unpopularity

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

A recent statement by Corzine, labeling Goldman an industry leader, speaks volumes about how Americans feel about our financial institutions. No, Governor Corzine, its not about envy. Its about character.

Is the Next Financial Crisis Approaching? The Case of Public Debt

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

China and other foreign countries will not endlessly finance the US budget deficit; China recently sold $34 billion of American treasuries, and now holds less US debt than Japan.

The Parable of the Unmerciful Bankers

Jim Wallis | Posted 05.25.2011 | Business
Jim Wallis

It's estimated that the bonus pool of just one of these big banks would have been enough money to prevent or significantly delay foreclosure for all 2.3 million people who lost their homes last year.

Making Mediation Mandatory Before Families Lose Their Homes

Pedro Nava | Posted 05.25.2011 | Politics
Pedro Nava

Mediation is not a one-side concept -- lenders and servicers have every incentive to participate. So what is the better outcome? Foreclosure or a modification that encourage stability?

Commercial Real Estate Is an Impending Disaster

Jerry Chautin | Posted 05.25.2011 | Business
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.

Banking: Transfer Toxic Assets to a New RTC

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

These banks are not able to resume normal lending operations because they are not willing to dispose of their toxic assets at the current market values.

One Lesson from the 1930s: Financial Regulation Has to Be Bold

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

Contrary to what John Boehner says, a big foot needs to be placed on the financial industry to make sure that last year's near collapse can never happen again.

Sam Stein

Greenspan: The-Too-Big-To-Fail Phenomenon Could Cripple Economy | Sam Stein | Posted 05.25.2011 | Politics

The former chair of the Federal Reserve, Alan Greenspan, argued on Thursday that the government has lost credibility on economic matters and is largel...

Sustainable Investing and the Financial Crisis: How Long-Term Investing Can Replace Short-Term Bubbles

Joe Keefe | Posted 05.25.2011 | Business
Joe Keefe

The immediate financial crisis obviously requires that the first order of business is to get credit flowing again and stimulate spending.

Making or Taking?

Daniel J. H. Greenwood | Posted 05.25.2011 | Business
Daniel J. H. Greenwood

We have taught the leaders of our most important institutions that they are in business for themselves. That they are free to do whatever will makes them richest, without regard for the public.

Breakfast Staples See Price Hike At Supermarkets

ABC News | Gigi Stone | Posted 05.25.2011 | Business

On top of the financial pressure from rising gas prices, Americans are also feeling the pinch at the breakfast table. A simple trip to the supermarke...

Worried Banks Horde Cash

Financial Times | Chris Giles, James Politi | Posted 05.25.2011 | Business

Central banks' efforts to ease strains in the money markets are failing to stop financial institutions from hoarding cash, stoking fears that the rece...