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« Previous Entries Next Entries »Inflation Soars As Gas, Food Prices Rise
Tuesday, July 15th, 2008The rising costs of gas and food push wholesale-level inflation up by a larger-than-expected amount in June.
Anxious IndyMac Customers Wait For Money
Monday, July 14th, 2008IndyMac customers wait to pull as much of their money as possible out of the failed financial institution.
Offshore Oil Drilling Ban Lifted By Bush
Monday, July 14th, 2008President George W. Bush lifts an executive ban on offshore oil drilling, pushing the issue to Congress.
Midwest Airlines Cuts Staff By 40 Percent
Monday, July 14th, 2008Citing a need to restructure, Midwest Airlines cuts 1,200 staff members.
Fed Cracks Down On Shady Lending Practices
Monday, July 14th, 2008A newly approved plan to curb shady mortgage practices meets criticism by consumer groups and lenders.
Federal Reserve Issues Rule Amending Regulation Z (Truth in Lending)
Monday, July 14th, 2008The Federal Reserve Board on Monday approved a final rule for home mortgage loans to better protect consumers and facilitate responsible lending. The rule prohibits unfair, abusive or deceptive home mortgage lending practices and restricts certain other mortgage practices. The final rule also establishes advertising standards and requires certain mortgage disclosures to […]
Belgian Brewer InBev Buying Anheuser-Busch
Monday, July 14th, 2008Belgian brewer InBev announces that a deal to purchase American rival Anheuser-Busch is complete.
IndyMac Federal Bank Receives Government Support
Monday, July 14th, 2008IndyMac will cover 50% of uninsured deposits as IndyMac Federal Bank.
The government is stepping in to support IndyMac. Having just changed its name from IndyMac Bancorp after it was seized Friday. The FDIC has assumed control saying it will cover 50% of uninsured deposits and fully insure all up to $100,000, which is normal.
John […]
FDIC Says Deposits in Failed IndyMac Bancorp Are ‘Safe’
Monday, July 14th, 2008Two days after the Federal Deposit Insurance Company took over California based IndyMac Bancorp Inc, officials say the bank will reopen Monday morning (Today) for business as usual.
Charles Schumer Is Politically Irresponsible
Monday, July 14th, 2008Build it and they will come….Mr. “Senate Banking Committee”
We have all heard this and very similar statements. Lets take a look at the strategies Charles Schumer is utilizing to help our economy.
Our credit markets are in turmoil, it is harder to get a mortgage, it is more difficult to get credit cards, homes are depreciating […]
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