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.
Don McNay | Posted 11.02.2008 | Business
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.
Craig and Marc Kielburger | Posted 10.31.2008 | Home
Mark Seifert tours reporters around streets more reminiscent of Baghdad than Cleveland, Ohio. They are deserted. The homes are boarded up, covered i...
Mark Winston Griffith | Posted 10.30.2008 | Business
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.
Marco Trbovich | Posted 10.29.2008 | Politics
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.
Clint Wilder | Posted 10.26.2008 | Green
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.
Zachary Karabell | Posted 10.24.2008 | Business
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.
Patricia Zohn | Posted 10.23.2008 | Business
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.
AP, C-SPAN | Posted 10.23.2008 | Business
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...
Chicago Public Radio | Natalie Moore | Posted 10.22.2008 | Chicago
Several Chicago lending institutions have been able to dance around the nation's financial crisis so far. They are serving low-income minority communi...
Ike Eze | Posted 10.22.2008 | Business
Who said we are all credit mongers? It seems when it comes to tightening the proverbial belt, we're not hopeless.
Diane Francis | Posted 10.21.2008 | Business
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.
Jeff Madrick | Posted 10.21.2008 | Business
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?
AP | TOM KRISHER and JOE BEL BRUNO | Posted 10.21.2008 | Business
DETROIT — A potential deal for General Motors Corp. to acquire Chrysler LLC is slowly moving forward, but the transaction is being hampered by a...
Huffington Post | Nicholas Graham | Posted 10.20.2008 | Business
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...
Crain's Chicago Business | Thomas A. Corfman | Posted 10.20.2008 | Chicago
(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...
Paige Donner | Posted 10.20.2008 | Business
"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.
Mike Garibaldi-Frick | Posted 10.19.2008 | Business
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."
Lucy Bernholz | Posted 10.17.2008 | Living
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.
Michael Pento | Posted 10.17.2008 | Business
It now takes about 10 cents on every tax dollar collected just to pay the interest on the debt. As bad as that is, it's only because interest rates are at record lows that the debt is still manageable.
Ike Eze | Posted 10.17.2008 | Business
Over the next year or so, almost one trillion dollars could be injected into the banking and financial system. It almost seems like play money. Millio...
Henry Blodget | Posted 10.15.2008 | Business
The government's seizure of stakes in nine banks was designed to finally return the credit markets to some semblance of normal, so consumers and businesses can get access to money again. Unfortunately, we're still waiting.
AP | JEANNINE AVERSA | Posted 10.15.2008 | Business
The economy lurched deeper into the doldrums Wednesday and took the stock market down with it, sending the Dow Jones industrials to a staggering 733-p...
Mike Garibaldi-Frick | Posted 10.15.2008 | Business
Middle class Americans need to ask themselves and their government: are these giveaways and bailouts the only way to stimulate and save the economy?
Tony Campolo | Posted 10.14.2008 | Business
It is popular these days to blame our economic troubles on the greed of corporate CEO's. Yet we have to face up to the reality that we are ourselves major culprits in this financial fiasco.
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Alex Geana | Posted 11.11.2008 | Business