Bush Won’t Be Forced Into `Bad Decisions’ on Economy (Update1)
Bloomberg - Bush Won’t Be Forced Into `Bad Decisions’ on Economy (Update1) By Roger Runningen The collapse in housing has rippled into credit markets as foreclosures boost lenders and service providers work with qualified borrowers to refinance home loans

CREDIT CRUNCH
CNBC - One-part bad lending, another part bad borrowing, the credit crunch is also a case of bad intentions and bad judgment rolled Would replace unworkable mortgages with stable fixed-rate loans, make mortgage credit available to credit-worthy buyers

Walker’s World: Fearing the unknown
United Press International - ups are declining, and 82 percent of Americans tell Gallup pollsters the economy is in bad shape and getting worse. The credit if the recession starts to increase job losses, and the pain is already spreading to credit card debt and car loans. Put

JPMorgan buys Bear Stearns to avert crisis
Detroit News - Bear Stearns was the most exposed to risky bets on the loans; it is now the first major bank to be undone by This is about credit being overextended, and how bad it is for major financial institutions and for individuals.

Courtesy Barry Turner
Egypt Today - stressing that she had only left to take up a six-month teaching position in the United States and put the bad El-Beliedi’s assets were frozen in 2000 after it was discovered he had secured loans and credit facilities without adequate

J.P. Morgan Buys Bear in Fire Sale, As Fed Widens Credit to Avert
Wall Street Journal - The sale of Bear Stearns and Sunday night’s move by the Fed to offer loans to other Late Friday, credit-ratings firms downgraded Bear Stearns to two or three levels Analysts and investors still are bracing for more bad news as securities firms

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Cleveland Plain Dealer - Problems are likely to intensify over the next year as more subprime loans go bad and housing values fall So what do problems with subprime loans, aimed at borrowers with poor credit, have to do with all of this?

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Forbes - A recent survey of consumers found that nearly half (46 percent) declined to classify at least one common financial obligation, such as outstanding balances on credit cards or home-equity lines of credit, overdue utility bills — even “payday loans Continue reading about payday loan companies

Economic woes boost business at pawnshops
Nashua Telegraph - Given their ability to offer quick, cash loans with no credit check and little paperwork required, pawnbrokers are often closest to the worries of everyday life. For years, pawnbrokers have been the go-to lender for small, quick-turn loans by those

More tax rebate questions answered
Baltimore Sun - may be used to pay past-due federal or state income taxes or no-tax federal debt such as student loans and My spouse and I have divorced and the stimulus payment check will be rebate follows the rules for entitlement of the regular child tax credit

Survey: Majority wanted Spitzer to quit
Buffalo Business First - Only 14 percent said that he should stay, while 7 percent expressed no opinion. to prostitution ring [Buffalo] Coke Enterprises absorbs Cen-Tex Coca-Cola Bottling [Atlanta] State drops Potbelly from credit card

Nitish doubts Cong poll prospects on loan waiver
Daily Pioneer - The VP Singh Government too waived debts of the farmers in 1990, but everybody knows what fate it met in the election that followed. The UPA Government’s waiver scheme will benefit only those farmers, who have taken loans from financial institutions

1 Hour Payday Loan-Make Work Soother
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Viewing all entries for: March 2008
Economist.com - statement is the idea that if Obama were a charismatic young white guy, there’s no departure signals a racheting up of hostilities with Iran in the offing. (Photo credit 000 a year, they won’t have to pay anything for their kid to go there, and all loans