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The Federal Reserve is taking steps to keep some distressed borrowers in their homes, but it may not make much of a dent in the nation's housing crisis. ...more
January 29, 2009
Wall Street barreled higher Monday for the second straight session, this time in a relief rally over the government's plan to bail out Citigroup - a move it hopes will help quiet some of the uncertainty hounding the financial sector and the overall economy. The Dow Jones industrials soared nearly 400 points and the major indexes all jumped more than 4.5 percent. ...more
November 25, 2008
More Aid Coming The government will let more borrowers qualify for a new $300 billion program that lets troubled homeowners swap risky loans for affordable ones, a Bush administration official said Wednesday. ...more
November 20, 2008
Publicly breaking with the Bush administration's official stance, the Federal Deposit Insurance Corp. proposed Friday to use $24 billion in government funding to help 1.5 million U.S. households avoid foreclosure. ...more
November 15, 2008
The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed. ...more
November 13, 2008
The gloating didn't last long. A few weeks ago, German Finance Minister Peer Steinbrueck proclaimed that "Anglo-Saxon capitalism" is "finished." Steinbrueck stuck it to the hated Anglo-Saxon capitalists just in time - before he got too distracted by the exigencies of managing a $681 billion program to re-finance distressed German banks. ...more
October 22, 2008
John McCain dismissively called rival Barack Obama "that one," Obama mocked McCain's "Straight Talk Express," and both left the debate stage to return to the campaign trail Wednesday. ...more
October 8, 2008
Marjorie Hartman of Tarpon Springs says liberal news media contribute to the current financial crisis. ...more
October 4, 2008
When Bill Crews, the chairman of Wauchula State Bank, and Tom Trevino, a broker with Merrill Lynch's brokerage in Sebring, spoke to the Kiwanis in Hardee County on Tuesday, they faced a deluge of questions. ...more
September 18, 2008
Borrowers' Responsibility Regarding "Feds Adopt Plan To Protect Borrowers From Shady Lending Practices" (Nation/World, July 14): ...more
July 19, 2008
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