Credit Crisis

Credit: Man's Confidence in Man

Dr. R. Keith Sawyer | Posted 10.07.2008 | Business

Read More: Wall Street Bailout, Credit Crisis, Government Bailout, Credit, Bailout, Credit Crunch, Housing Crisis, Business News
Dr. R. Keith Sawyer

"Commercial credit is the creation of modern times and belongs only to the most enlightened and best governed nations." I stumbled on this frieze after giving a talk at Harvard Business School.

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Bernanke: Crisis could prolong economic pain

AP | JEANNINE AVERSA | Posted 10.07.2008 | Business

Read More: Ben Bernanke, Federal Reserve, Banks, Economy, Finance, Personal Finance, Credit Crisis, Interest Rates, Federal Funds Rate, Business News

WASHINGTON — Federal Reserve Chairman Ben Bernanke warned Tuesday that the financial crisis has not only darkened the country's current economic...

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Fed move boosts European stocks

AP | PAN PYLAS | Posted 10.07.2008 | Business

Read More: Stocks, Finance, Economy, World Economy, Personal Finance, Wall Street, Wall Street Crisis, Credit Crisis, Business News

LONDON — World stock markets on Tuesday recovered some of their hefty losses from the previous day, helped by a steady opening on Wall Street af...

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Federal Reserve Unveils Short-Term Loan Plan

AP | JEANNINE AVERSA | Posted 10.07.2008 | Business

Read More: Federal Reserve, Debt, Finance, Economy, Personal Finance, Commercial Paper, What Is Commercial Paper, Bailout, New Bailout, Bailout Plan, Ben Bernanke, Wall Street, Wall Street Crisis, Banking Crisis, Credit Crisis, Credit Crunch, Breaking Through the Credit Crunch, Business News

WASHINGTON — The Federal Reserve is providing more details about when it will make billions of dollars in short-term loans available to squeezed...

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Stay Away From Me, Credit Card Crisis

Ike Eze | Posted 10.06.2008 | Business

Read More: Financial Crisis, Credit Crisis, Credit Cards, Wall Street Crisis, Credit Crunch, Business News
Ike Eze

Unless you still keep your money under your mattress -- and I don't doubt that some people do -- the financial mess is going to hit you, the most likely way being through your experiences with credit.

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Credit Crisis: What Should We Do?

Alan Schram | Posted 10.06.2008 | Business

Read More: Credit Crisis, Stock Market, Wall Street Crisis, Carly Fiorina, Business News
Alan Schram

The credit crisis that began in 2007 and triggered the current turmoil is unique in its ferocity, especially because so many large companies are experiencing unprecedented credit and liquidity problems.

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Dow 10,000: As World Stocks Sink, Dow Jones Drops To Lowest Since 2004

Huffington Post | Dave Burdick | Posted 10.06.2008 | Business

Read More: Dow 8000, Dow 10000, Finance, Economy, Credit Crisis, Banking Crisis, Personal Finance, Wall Street Crisis, Dow Jones Industrial Average, Dow 9000, Wall Street, Business News

For the first time since October of 2004, the Dow Jones Industrial Average has dropped below the 10,000-point mark. It has dropped as many as 700 poin...

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Richard Fuld's Congressional Hearing To Explore Causes And Effects Of Collapse (VIDEO)

New York Times, Reuters, AP | Posted 10.06.2008 | Business

Read More: Dick Fuld Congressional Hearing, Lehman Brothers, Finance, Economy, Richard Fuld, Banks, Credit Crisis, Banking Crisis, Congressional Hearings, Personal Finance, Dick Fuld, Wall Street, Dick Fuld Testify, Dick Fuld Hearings, Video of Dick Fuld Hearing, Video, Business News

**UPDATE** FULD WONDERS WHY LEHMAN WASN'T BAILED OUT When Lehman CEO Richard Fuld was asked whether there was a substantial difference, from a busin...

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World Markets Plunge On Crisis Fears

AP | EMILY FLYNN VENCAT | Posted 10.06.2008 | Business

Read More: Economy, Finance, World Markets, Credit Crisis, Banking Crisis, Banks, Federal Reserve, Business News

LONDON — Asian and European stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears that the g...

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Americans Have Lost Confidence In Our Social And Legal Institutions

Sheila Suess Kennedy | Posted 10.06.2008 | Home

Read More: Iraq War, Bush Economy, Presidential Election, Election, Sarah Palin, John McCain, Economic Crisis, Credit Crisis, Barack Obama, Campaign 2008, John Kerry, Election 2008, President Bush, Home News
Sheila Suess Kennedy

The sobering question that confronts us is whether any president, any administration, can stem the bleeding and put this nation back on the long and difficult path to competent governance, fiscal sanity and the rule of law.

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Wachovia, Citigroup, Wells Fargo Drama Worries Fed

Dave Burdick | Posted 10.06.2008 | Business

Read More: Citigroup, Wachovia Lawsuit, Finance, Wells Fargo, Economy, Banks, Personal Finance, Banking Crisis, Credit Crisis, Wachovia Buyer, Wachovia, Business News

Last week, Citigroup and the FDIC seemed to be close to a deal to acquire the troubled Wachovia Corp. Then, on Friday, Wells Fargo swooped in and made...

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TERMINOLOGY OF THE BAILOUT CRISIS

Jim Randel | Posted 10.05.2008 | Business

Read More: Credit Crisis, Subprime Mortgages, Wall Street, Bailout, Housing Crisis, Economy, Business News
Jim Randel

It seems that every significant event in history leads to a new vocabulary - new words or, old words and phrases used in new ways. The last year has ...

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Illinois Small Business Loans Plunge

Chicago Public Radio | Adriene Hill | Posted 10.02.2008 | Chicago

Read More: Small Business Loans, Illinois Small Businesses, Small Business Administration, Small Business, Judith Roussel, Illinois Businesses, Small Business Loans Drop, Sba, Credit Crisis, Chicago News

For the first time in five years, the number of Small Business Administration loans approved in Illinois has dropped. Basic loans to small businesses...

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Wall Street Credit Crash Threatens To Tank U.S. Auto Industry

Diane Tucker | Posted 10.02.2008 | Home

Read More: Wall Street Bailout, Chrysler, United Auto Workers, Gas/Electric Hybrid, Credit Crunch, Offthebus, Automakers, Unemployment, Hybrid Cars, Plug-in Hybrids, HuffPost OffTheBus, Subprime Loans, Detroit, Center for Automotive Research, Chevy Cruze, Gm, Volt, Credit Crisis, 2008 Election, Paris Auto Show, Ford Motor Co, Ka, Detroit Automakers, Cnn, Subprime Mortgages, Wall Street Crisis, Wall Street, Subprime Mortgage Crisis, Michigan, Auto Loan, Home Equity Loans, New York Times, Fixing the Health Insurance Industry, Forbes, Auto Industry, Executive Compensation, Home News
Diane Tucker

"Every job lost on Wall Street impacts two-to-three jobs on the outside. By comparison, every job lost at an auto plant impacts nearly 10 jobs on the outside... We don't want to know what happens if the domestic auto industry gets away from us."

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At the Intersection of Wall Street and Main Street

Brett Ashley McKenzie | Posted 10.02.2008 | Business

Read More: White House, Main Street, Credit Crisis, Senate, Bailout, Wall Street, Economy, Business News
Brett Ashley McKenzie

Few people can afford to treat themselves to an occasional red velvet cupcake or a ham and cheese croissant when a gallon of milk can as much as $4.

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A one-stop shop for understanding the money crisis

Matt Thompson | Posted 10.02.2008 | Media

Read More: Credit Crisis, Media, Bailout, Economy, Web Site, Media News
Matt Thompson

The most common refrain in stories about the current financial crisis is "We don't know." How long is this recession going to last? We don't know. How...

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Nothing Proposed Will Solve the Credit Crisis

Hale "Bonddad" Stewart | Posted 10.02.2008 | Business

Read More: Economy, Wall Street Crisis, Bailout, Wall Street, Paulson Bailout, Henry Paulson, Financial Crisis, Progressive Bailout, Credit Crisis, Ben Bernanke, Business News
Hale

The biggest stupidity is the government thinks the mortgage assets are undervalued and will eventually rise in value. Really. That's nice. And who is the wizard with the crystal ball?

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The Credit Squeeze Scare

Dean Baker | Posted 10.01.2008 | Business

Read More: Interest Rates, Financial Crisis, Credit Crisis, Wall Street Crisis, Credit Crunch, Wall Street, Business News
Dean Baker

While the story of the big Wall Street banks teetering may be unique to the current downturn, the stories we hear of the Main Street credit squeeze could be cut and pasted from the 1990-1991 recession.

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In the Hands of Adolescents

Janet Ritz | Posted 10.01.2008 | Politics

Read More: Politics, John McCain, Wall Street Crisis, Failure of Leadership, John Boehner, Economy, Nancy Pelosi, Adolescents, Voter Suppression, Barack Obama, Barney Frank, Credit Crisis, Politics News
Janet Ritz

I don't presume to know the best course for our economy but I do know that after eight years of being in the hands of adolescents, I'm exhausted.

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Republican House Bailout Plan Is A Hidden Tax

Stephen Herrington | Posted 10.01.2008 | Home

Read More: Banking, Bail Outs, Credit Crisis, Paulson, House Republicans, Economy, Bush Administration, John McCain, Barack Obama, Economic Crisis, Henry Paulson, Election 2008, Securities and Exchange Commission, Democrats, Republicans, Home News
Stephen Herrington

The Republican House plan would be a government bailout with the prospect that bank contributions would cover the costs over time. But those contributions will not come out of bank profits but will be passed on to consumers, further adding to the costs of credit.

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Credit Crunch Hurting Local Auto Dealers

Crain's Chicago Business | Lorene Yue | Posted 09.30.2008 | Chicago

Read More: Credit Crisis, Auto Loans Chicago, Chicago Auto Industry, Credit Crisis Chicago, Chicago News

Chicago-area auto dealers, already hurting from consumers' spending slowdown, are now also dealing with a credit crunch that's hitting the few buyers ...

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The Crap Sandwich at the Health Care Buffet - The Financial Crisis and Health Reform

Linda Bergthold | Posted 09.30.2008 | Politics

Read More: John McCain, Wall Street Crisis, Uninsured, Bailout, Financial Crisis, Credit Crisis, Health Reform, Barack Obama, Politics News
Linda Bergthold

It was Republican Representative John Boehner who called the bailout a "crap sandwich", not me - but it's a hilarious image, coming from Republicans ...

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Credit Crisis Hurts Cubs Bids

Crain's Chicago Business | Ann Saphir | Posted 09.29.2008 | Chicago

Read More: Zell Cubs Sale, Mark Cuban, Chicago Cubs Sale, Cubs Bidders, Credit Crisis, Mark Cuban Cubs Bid, Sam Zell, Thomas Ricketts, Cubs Bidding, Chicago News

Wall Street's meltdown threatens Tribune Co. CEO Sam Zell's plan to get top dollar for the Cubs -- and he's prepared to delay the sale in response. M...

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Left, Right and Center: 700 Billion Bailout, Obama/McCain Debate, Palin on Katie Couric

Huff Radio | Posted 09.26.2008 | Politics

Read More: Robert Scheer, Wall Street Bailout, Tony Blankley, Wall Street Crisis, Government Bailout, Bailout, Matt Miller, Financial Crisis, $700 Billion Bailout, Credit Crisis, Arianna Huffington KCRW, KCRW Left Right & Center, Arianna Huffington, Politics News
Huff Radio

This week, Matt, Bob, and Arianna discuss what the bail out plan includes and what it's missing (homeowner bail outs, according to Bob), while Tony isn't so sure a bail out is a productive solution.

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A Forward Looking 5-Point Plan to End the Economic Crisis

Shafqat Khan | Posted 09.26.2008 | Home

Read More: Taxes, Treasury Department, White House, Investment Bankers, Economy, George W. Bush, Federal Reserve, Credit Crisis, Bankers, Housing Crisis, Wall Street Crisis, FInancial Markets, Subprime Mortgage Crisis, Treasury, Banks, Financial Crisis, Henry Paulson, Treasury Secretary, Home News
Shafqat Khan

For too long the Democrats have surrendered the ground on taxes and free markets to the Republicans. Now is their chance to seize the initiative in these two areas with a simple 5-point plan.

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