FDIC Chief Sheila Bair: Big Banks Still Aren't Lending Enough
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...
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...
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...
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...
Richard Trumka | Posted 10.15.2009 | Business
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.
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...
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...
Jim Thomas | Posted 10.06.2009 | Denver
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.
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...
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...
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...
Jerry Chautin | Posted 09.22.2009 | Politics
Association of Community Organizations for Reform Now, known as ACORN, is in the news again and conservative politicians are going for the jugular vein.
Arianna Huffington | Posted 11.14.2009 | Business
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.
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...
Ann Pettifor | Posted 11.09.2009 | Business
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.
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 ...
Elizabeth Warren | Posted 10.19.2009 | Business
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.
Jerry Chautin | Posted 09.28.2009 | Business
SBA's loan programs are less effective because lenders fear may find a reason not to honor its guaranty.
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...
Starre Vartan | Posted 07.09.2009 | Green
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?
Iris Martin | Posted 05.04.2009 | Business
Foreclosure firms are so used to actions just going through unopposed. Now people are paying attention and pointing out the gaps.
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...
Steve Clemons | Posted 04.22.2009 | Politics
"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.
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...
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...
Hale "Bonddad" Stewart | Posted 02.27.2009 | Business
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.
AP | STEVENSON JACOBS | Posted 11.11.2009 | Business