Lending

FDIC Chief Sheila Bair: Big Banks Still Aren't Lending Enough

AP | STEVENSON JACOBS | Posted 11.11.2009 | Business


NEW YORK — The head of the Federal Deposit Insurance Corp. said Tuesday she's "very worried" that the nation's biggest banks aren't lending enou...

CIT Bankruptcy Filed: US Will Likely Lose $2.3 Billion, Goldman Sachs Will Gain $1 Billion

AP / Huffington Post | By STEPHEN MANNING | Posted 11.01.2009 | Business


WASHINGTON -- Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing...

Summers: Banks Are "Unintended Beneficiaries" Of The Bailout

The Huffington Post | Ryan McCarthy | Posted 11.02.2009 | Business


For Lawrence Summers, the president's economic adviser, the financial crisis is kind of like a military battle. Buried in this Wall Street Journal abo...

The Chamber of Commerce's Jobs Deception Campaign

Richard Trumka | Posted 10.15.2009 | Business


Richard Trumka

Unions are popularly known as "the folks who brought you the weekend." In contrast, the U.S. Chamber of Commerce has the distinction of trying to take away a long and ugly list of benefits.

International 'Microlender' Sets Sights On Helping Hard-Hit At Home (AUDIO)

Huffington Post | Victoria Fine | Posted 10.14.2009 | Impact


You may know the Web site Kiva.org for its groundbreaking use of microloans, which allow Americans to loan as little as $25 at a time to small busines...

WSJ: The 'Democratization Of Credit' Is Over

Wall Street Journal | S. MITRA KALITA | Posted 10.10.2009 | Business


The recession has forced a financial reckoning for Americans across the income spectrum. The pressure is especially acute for the low-income Americans...

Colorado's Recovery Requires More Lending to Small Businesses

Jim Thomas | Posted 10.06.2009 | Denver


Jim Thomas

We don't need to resolve a complex national debate on health care to help small companies. Easier access to cash will enable emerging companies to start hiring and our Colorado economy to start climbing.

Toxic Assets: Government's New Programs Aim To Buy Buy Banks' Bad Assets, Help Home Buyers

Washington Post | Renae Merle and David Cho | Posted 09.29.2009 | Business


The Obama administration is close to rolling out two initiatives aimed at addressing lingering problems from the financial crisis: A long-delayed effo...

Acorn Loses Bank Of America As Corporate Partner

Wall Street Journal | JAMES R. HAGERTY | Posted 09.28.2009 | Politics


Already facing the loss of federal government funding, the community-organizing group Acorn also has run afoul of one of its big corporate partners, B...

Fed Held Back As Evidence Mounted On Subprime Loan Abuses

Washington Post | Binyamin Appelbaum | Posted 09.26.2009 | Business


Under a policy quietly formalized in 1998, the Fed refused to police lenders' compliance with federal laws protecting borrowers, despite repeated urgi...

Before Subprime There Was ACORN

Jerry Chautin | Posted 09.22.2009 | Politics


Jerry Chautin

Association of Community Organizations for Reform Now, known as ACORN, is in the news again and conservative politicians are going for the jugular vein.

Why Obama Won't Be Able to Reform Wall Street

Arianna Huffington | Posted 11.14.2009 | Business


Arianna Huffington

Obama won't be able to change the course our financial system is on unless he takes on the bankers and their hordes of lobbyists who continue to dictate policy in DC.

Risk-taking Is Back For Banks 1 Year After Crisis

AP | By STEVENSON JACOBS | Posted 11.13.2009 | Business


NEW YORK (AP) -- A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk. Gol...

Obama Must Tame Finance at G-20 Summit: Here's How

Ann Pettifor | Posted 11.09.2009 | Business


Ann Pettifor

We are in the middle of a monumental political conflict with very high stakes. On one side: politicians and regulators battling for the interests of middle-class Americans. On the other: the banks.

Government Faces Tough Decisions About How To Stabilize Mortgage Market

washingtonpost.com | Zachary A. Goldfarb and Dina ElBoghdady | Posted 10.22.2009 | Business


Only one lender of consequence remains: the federal government, which undertook one of its earliest and most dramatic rescues of the financial crisis ...

Real Change: Turning Up the Heat on Non-Bank Lenders

Elizabeth Warren | Posted 10.19.2009 | Business


Elizabeth Warren

The big banks are storming Washington, determined to kill the Consumer Financial Protection Agency. But there is an even bigger change in the wind: regulating the non-banks.

Lending: Banks Worry about SBA's Guaranty

Jerry Chautin | Posted 09.28.2009 | Business


Jerry Chautin

SBA's loan programs are less effective because lenders fear may find a reason not to honor its guaranty.

Federal Small Businesses Loan Stalls As Banks Balk

nytimes.com | ROBB MANDELBAUM | Posted 09.13.2009 | Business


Small-business owners hoping for some assistance of the sort given to the nation's biggest banks applauded when the Small Business Administration unve...

Ownership Is So Last Century: From Owners/Consumers to Borrowers/Lenders

Starre Vartan | Posted 07.09.2009 | Green


Starre Vartan

When I get to thinking about it, the only things I want to own outright are things I want to pass along to another generation, that have personal meaning to me. Who needs the rest?

Homeowner, Don't Let the Wolf in Your Door!

Iris Martin | Posted 05.04.2009 | Business


Iris Martin

Foreclosure firms are so used to actions just going through unopposed. Now people are paying attention and pointing out the gaps.

Obama To Bankers: Lend More, Spend Less

Washington Post | Binyamin Appelbaum and Michael A. Fletcher | Posted 04.28.2009 | Business


Lend more. Spend less. That was President Obama's message yesterday during a meeting at the White House with the chief executives of the nation's lar...

Christina Romer Gets it Wrong: "We Need Banks to Lend Like Crazy"

Steve Clemons | Posted 04.22.2009 | Politics


Steve Clemons

"Lending like crazy" is exactly what helped trigger the global financial crisis -- and reflating those trends would be a major mistake if that is what the Obama administration is pushing.

Credit Card Firms Back In Hot Seat

Politico | Posted 04.04.2009 | Politics


Longtime supporters of credit card reform have a new weapon in their rhetorical arsenal: the $700 billion Wall Street bailout. "The big banks got bil...

Banks Aren't Budging On Tight Lending Standards

AP | JEANNINE AVERSA | Posted 03.05.2009 | Business


WASHINGTON — Many banks have made it harder for borrowers to obtain all kinds of loans over the last three months despite a $700 billion federal...

Lending is Contracting -- As Well It Should

Hale "Bonddad" Stewart | Posted 02.27.2009 | Business


Hale

There is a rather ridiculous line of thought going on regarding the banking industry: if you receive TARP funds then lending is supposed to increase.