Loans

Feds unveil plans to unfreeze consumer debt market

AP | JEANNINE AVERSA and MARTIN CRUTSINGER | Posted 12.26.2008 | Business


WASHINGTON — The government has introduced a pair of new programs that will provide $800 billion to help unfreeze the market for consumer debt w...

Paulson: Troubled Assets Will Not Be Purchased

AP | MARTIN CRUTSINGER | Posted 12.13.2008 | Business


WASHINGTON — Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive $700 billion economic rescue plan an...

Make the Banks Pay the Government Back or Foreclose on Them

Stephen Kaus | Posted 10.23.2008 | Business


Stephen Kaus

If the problem, as "Hank" Paulson repeated Sunday, is that there was no way to value the "troubled" assets, the price is obviously going to be arbitrary. So, why don't we consider it a loan?

Will Skittish Banks Slow U.S. Economy Even More?

New York Times | Peter S. Goodman | Posted 08.05.2008 | Business


"The second half of the year is shot," said Michael T. Darda, chief economist at the trading firm MKM Partners in Greenwich, Conn., who was until rece...

It's A Very Serious Banking Crisis

Hale "Bonddad" Stewart | Posted 07.22.2008 | Business


Hale

The amount of money banks are setting aside to absorb losses is increasing, as is the amount of money they are charging off. Neither of these are good developments.

Homeowners Could Get New Federal Loans

AP | JULIE HIRSCHFELD DAVIS | Posted 04.30.2008 | Business


WASHINGTON — Homeowners staggering under mounting mortgage debt and facing foreclosure could get cheaper, government-backed loans under Democrat...

High-Priced Student Loans Could 'Haunt US Economy For Years'

AP | Posted 03.28.2008 | Business


he near doubling in the cost of a college degree the past decade has produced an explosion in high-priced student loans that could haunt the U.S. econ...