Credit Crisis

Let GM Fail

Alan Schram | Posted 11.18.2008 | Business

Read More: Money Market Funds, Fdic, General Motors, Economy, Business News, Bank Deposits, Credit Crisis, Libor, Saving Money, Healthcare, Dow, S&P 500, Financial Crisis, Business News
Alan Schram

Throwing taxpayers' good money into that sink hole called the US auto industry will be tantamount to a transfer of wealth from tax payers to GM employees.

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Cubs Sale Still On For Yearend, Despite Economy: Report

Crain's Chicago Business | Mike Colias and Ann Saphir | Posted 11.17.2008 | Chicago

Read More: Zell Cubs Sale, Tribune Company, Cubs Sale, Cubs Bidders, Credit Crisis, Tribune Company Debt, Chicago Cubs, Tribune Company Cubs, Sam Zell, Chicago News

Tribune Co. CEO Sam Zell is pushing to have a deal in place by yearend to sell all but a small stake in the Chicago Cubs, despite recent indications ...

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Inflation Prospects

Alan Schram | Posted 11.14.2008 | Business

Read More: Milton Friedman, Deflation, Commodities, Gold, Credit Crisis, Libor, Paul Volcker, Barack Obama, S&P 500, Fdic, Money Market Funds, Copper, Inflation, Business News, Oil, Stagflation, Money Supply, Keywords: Bank Deposits, Saving Money, Dow, Great Depression, Financial Crisis, Business News
Alan Schram

In the last few months, we have seen the prices of commodities dropping precipitously. Oil dropped from $150 to $60, Gold dropped from $1,000 an ounc...

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What the Hell is Paulson Thinking???

Howard Schweber | Posted 11.12.2008 | Business

Read More: Aig, Paulson, Bailout, Financial Crisis, Treasury, Federal Reserve, Credit Crisis, Tarp, Mortgage Crisis, Geithner, Business News
Howard Schweber

Paulson now says that the administration will not, after all, use any of the $700 billion to purchase asset-based securities. At this point it seems salient to ask, what the hell is going on?

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Masters of the Universe II: Just who is Obama?

Sanjiv Gupta | Posted 11.12.2008 | Home

Read More: Taxes, Lehman Brothers, Economy, Karl Marx, Economic Crisis, President Obama, Financial Crisis, Henry Paulson, Banks, Credit Crisis, Democracy, Obama, Socialism, Barack Obama, Home News
Sanjiv Gupta

The election on November 4, 2008 has brought us full circle from the events of September 11, 2001. People all over the world mourned the destruction...

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The #1 Problem with the Bailout

Jim Randel | Posted 11.12.2008 | Business

Read More: Financial Crisis, Credit Crisis, Bailout, Business, Housing Crisis, Barack Obama, George W. Bush, Business News
Jim Randel

Lawyers and lobbyists have responded to the bailout with SWAT teams ready to take any paying customers to the Treasury and help them create a great story why the country will definitely collapse if their business is not bailed out.

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The Negotiated Rate: 35% on a Merrick Bank Credit Card

Alex Geana | Posted 11.11.2008 | Business

Read More: Credit Crisis, Bail Out, Credit Card Debt, Housing Crisis, Business News
Alex Geana

What will jump start the economy is my ability to find opportunity and spend again (along with millions of others). Now I'll be maintaining debt, instead of contributing to the next retail quarter.

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Credit Cards In The World of Taxpayer-Owned Banks

Don McNay | Posted 11.02.2008 | Business

Read More: College Students, Wall Street Bailout, Wall Street Crisis, Banks, Financial Crisis, Henry Paulson, Credit Crisis, Ben Bernanke, Credit Cards, Banking Industry, Business News
Don McNay

I hope the banks factored that reality in before the came up with the $700 billion figure. They might want to hang on to some of that taxpayer cash instead of using it to buy other banks.

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The Foreclosure Battleground

Craig and Marc Kielburger | Posted 10.31.2008 | Home

Read More: Marc Kielburger, Credit Crisis, Foreclosure, Subprime Mortgages, Craig Kielburger, Cleveland, Home News

Mark Seifert tours reporters around streets more reminiscent of Baghdad than Cleveland, Ohio. They are deserted. The homes are boarded up, covered i...

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New President, New CRA

Mark Winston Griffith | Posted 10.30.2008 | Business

Read More: Economy, Community Reinvestment, Community Reinvestment Act, Subprime Crisis, Phil Gramm, Wall Street Crash, Fdic, Bank Reform, Acorn, Obama Administration, Credit Crisis, Bank Loans, Barack Obama, Cra Reform, Cra, Subprime Mortgages, McCain Campaign, Financial Crisis, Business News
Mark Winston Griffith

This nation doesn't need a weaker CRA, but a re-conceived and far stronger tool in the effort to ensure ready access to quality, non-discriminatory, financial services in all communities.

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Paulson Cuts Goldman Sachs a Sweetheart Deal

Marco Trbovich | Posted 10.29.2008 | Politics

Read More: Treasury Secretary, Tax Dollars, Derivatives, Presidential Election, Usw, Credit Crisis, United Steelworkers, Next Tuesday, Leo W. Gerard, Goldman Sachs, Investing, Bailout, Dividend, Taxpayer Dollars, Securities, Stock, Warren Buffett, Henry Paulson, Politics News
Marco Trbovich

An analysis of the bailout deals Paulson has been cutting with taxpayer dollars reveals he's giving the culprits who created the nation's credit crisis what amount to sweetheart deals.

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Clean Energy Outlook: Hands Off the Panic Button

Clint Wilder | Posted 10.26.2008 | Green

Read More: Green Energy, Green Energy Economy, Credit Crisis, Green Collar Jobs, Gas Prices, Renewable Energy, Clean Tech, Economic Crisis, Energy Efficiency, Global Warming, Energy, Green News
Clint Wilder

I'm not claiming that clean energy is recession-proof. Tight credit is slowing project investment, and jitters throughout the economy have many companies wary of new ventures.

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Greenspan, Bubbles, and Responsibility

Zachary Karabell | Posted 10.24.2008 | Business

Read More: Congress, Credit Crisis, Alan Greenspan, Economy, Stock Market, Economic Crisis, Business News
Zachary Karabell

After the punishments and the shame, we are left with the harder truths of collective guilt and responsibility, and the devilish difficulty of forecasting future outcomes of present decisions with any degree of certainty.

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Culture Zohn: Terms of Endearment, or Why the Collapse of the Financial Markets is Just Like Love

Patricia Zohn | Posted 10.23.2008 | Business

Read More: Stock Market, Economy, Wall Street Crisis, Wall St Crisis, Economic Crisis, Financial Crisis, Credit Crisis, Banking Crisis, Business News
Patricia Zohn

I am still imagining this whole thing to be a physical thing -- something you can get your arms around, like a guy -- and soothe, by whispering sweet nothings in his ear.

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Greenspan Calls Crisis A "Credit Tsunami" (VIDEO)

AP, C-SPAN | Posted 10.23.2008 | Business

Read More: Video, Causes of the Credit Crisis, Finance, Economy, Credit Crunch, Financial Crisis, Federal Reserve, Causes of the Financial Crisis, Credit Crisis, Interest Rates, Alan Greenspan, Greenspan Tsunami, Greenspan, Greenspan Tsunami Video, Business News

Greenspan told the House Oversight Committee on Thursday that his belief that banks would be more prudent in their lending practices because of the ne...

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Community-Based Lending On The Rise

Chicago Public Radio | Natalie Moore | Posted 10.22.2008 | Chicago

Read More: Chicago Lenders, Community Reinvestment Act, Credit Crisis, Southwest Chicago, Uno Veterans Memorial School, Community Lending Chicago, Chicago News

Several Chicago lending institutions have been able to dance around the nation's financial crisis so far. They are serving low-income minority communi...

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Breaking the Credit Habit: Not as Impossible As They Said it Would Be

Ike Eze | Posted 10.22.2008 | Business

Read More: Debt, Credit Crisis, Delinquency Rate, Economy, Business News
Ike Eze

Who said we are all credit mongers? It seems when it comes to tightening the proverbial belt, we're not hopeless.

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World Needs Global Financial and Securities Bodies

Diane Francis | Posted 10.21.2008 | Business

Read More: Summits, Foreign Exchange Cheating, AIG Failure, Global Crisis, Economy, International Monetary Fund, Extradition, Banking Bailouts, Wall Street Crisis, Banking Rescue, Obama, Mccain, Credit Crisis, Credit Markets, Tax Cheats, Housing Bailout, Wall Street, Ratings Agencies, Financial Crisis, Housing Crisis, Wall Street Bailout, Tax Havens, Business News
Diane Francis

The world economy nearly failed and a global effort by governments and central banks has pulled the system back from the proverbial brink. That's why only a global solution going forward will save the day.

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"I Told You So's" Everywhere

Jeff Madrick | Posted 10.21.2008 | Business

Read More: High Taxes, Regulations, The Case for Big Government, Prosperity, Ideology, Government, Wall Street Bailout, Social Services, Financial Crisis, Credit Crisis, Wall Street Crisis, Business News
Jeff Madrick

Since the credit crisis, the establishment is registering their fears of free markets across the American landscape. But where were these people for the last thirty years? And where was the media?

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AP source: Credit trouble slowing GM-Chrysler deal

AP | TOM KRISHER and JOE BEL BRUNO | Posted 10.21.2008 | Business

Read More: Credit Crisis, Credit Crunch, Gm, Chrysler, Economy, Finance, GM Chrysler Deal, Car, GM Chrysler Merger, Business News

DETROIT — A potential deal for General Motors Corp. to acquire Chrysler LLC is slowly moving forward, but the transaction is being hampered by a...

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IMF Comes To The Rescue Of Iceland, Pakistan

Huffington Post | Nicholas Graham | Posted 10.20.2008 | Business

Read More: International Monetary Fund, Pakistan, Wall St Crisis, Credit Crisis, Imf, Wall Street, Iceland, Business News

Iceland, whose economy has been crippled by the credit crisis, will unveil an IMF-led rescue package: The IMF is expected to contribute just over $1b...

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Financial Crisis Hurting Office Market

Crain's Chicago Business | Thomas A. Corfman | Posted 10.20.2008 | Chicago

Read More: Merrill Lynch, Aig, J.P. Morgan Chase, Lehman Brothers, Financial Crisis, Credit Crisis, Bear Stearns, Wachovia, Chicago Office Market, Chicago News

(Crain's) -- J. P. Morgan Chase & Co. has terminated a 52,100-square-foot lease of a former Bear Stearns Cos. office in the Central Loop, as Wall Stre...

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Magic Takes on the Economy

Paige Donner | Posted 10.20.2008 | Business

Read More: Property Acquisition, Economy, Chlorine-Free Paper, Soy Ink, Los Angeles Convention Center, Credit Crisis, Hsbc, Global Ecnomony, Wachovia, Leed, Fedelity Charitable Services, Association for Financial Professionals, AFP Conference, Magic Johnson Theaters, Finance and Treasury, Midnight Mission, Earvin Magic Johnson, Capital, Lakers, NBA All Star, Business News
Paige Donner

"Minorities have to get out of dominating sports and entertainment and get into dominating money," said Johnson who is part-owner of the Los Angeles Lakers.

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Upper Class Pillaging

Mike Garibaldi-Frick | Posted 10.19.2008 | Business

Read More: Wall Street Crisis, Corporate Responsibility, Wall Street, Economy, Middle Class, Financial Crisis, Credit Crisis, Obama, Obama Middle Class, Upper Class, Capitalism, Class Warfare, Barack Obama, Business News
Mike Garibaldi-Frick

Warren Buffet says, "There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning."

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The End of Philanthropy as We Know It?

Lucy Bernholz | Posted 10.17.2008 | Living

Read More: Philanthropy, Credit Crisis, Foreclosure, Future, Economy, Home Foreclosures, Giving, Living News
Lucy Bernholz

I don't think a short-term drop in giving is all we're facing here. Many factors will fundamentally restructure the business of giving as we've come to know it.

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