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- Have you heard of deregulation? That's when the government steps back from monitoring and supervision of the markets and mysterious … read more financial products like 'credit default swaps' start to sell by the billions. Those weren't poor people ...
- With the world's financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the U.S. banking system up and running, as Europe's central banks began Monday to take unified actions aimed ...
- SARASOTA - There is no denying that Century Bank has been one of the region's highest flying companies over the past decade. Century Bank President John O'Neill at a stand-up desk within his downtown Sarasota office on Oct. 6. The biggest problem ...
- During the recent vice presidential debate, Gwen Ifill asked Gov. Sarah Palin: "Who do you think was at fault? Was it the greedy lenders? Was it the risky homebuyers who shouldn't have been buying a home in the first place? And what should you be ...
- As to the financial crisis in America, please stop expecting the government to bail John Q. Citizen out of a life of bad personal financial decisions. This foolishness started with credit cards and Americans' need for instant gratification. Our ...
- Both have been humbled by bad debt, the thread that ties the economic struggles of ordinary Americans to the once-venerable financial houses brought to their knees in recent weeks. It was Berthet's mortgage foreclosure, multiplied by at least a ...
- Too bad. When so many politicians speak with one voice in support of the biggest act of government intervention in the economy in generations, I cringe. Everybody talked about the "freeze" in the credit markets, but why, I wonder, were the cable news ...
- There's a '96 Ford Taurus on the lot, a new arrival, with 172,955 miles on the odometer and the green plastic peeling away on the front bumper. Even after it's tidied up, Joe Litfin will not tell you it's a creampuff. If you're shopping at Detroit II ...
- Oct. 13 (Bloomberg) -- The German government's rescue package for the country's financial system may total about 400 billion euros ($540 billion), a leading lawmaker of Chancellor Angela Merkel 's party said. Guarantees for lending between banks will ...
- Get a handle on your debt: As easy credit disappears, savvy consumers can keep borrowing costs down by paying attention to the basics. If you pay bills on time, you can qualify for lower interest rates when you borrow. Keep your credit card balances ...
- There is no accepted definition of what constitutes a crash. But it is usually when share prices fall by 10 per cent or more over a period of a few days. The most famous crash was the Wall Street crash of October 1929, which in fact lasted for three ...
- COMMERCIAL PAPER: Short-term loans, issued primarily by corporations, to finance their daily needs, such as making payroll. Historically, a lower-cost alternative to bank loans. CREDIT DEFAULT SWAPS: A form of insurance that promises payment to ...
- Monday, October 13, 2008 McCain made that pledge as top advisers said he is weighing new economic proposals to help the nation weather the financial crisis. Addressing several dozen volunteers at his campaign headquarters outside Washington, the ...
- The German government's rescue package for the country's financial system may total about 400 billion euros, a leading lawmaker of Chancellor Angela Merkel 's party said. Guarantees for lending between banks will ''certainly be in the range of 200 ...
- The death knell for the subprime loan in Nevada began to sound in 2007. These mortgages, exemplified by relaxed standards and higher interest rates that made it easier for borrowers to qualify, dropped by 70 percent. A Sun review of nearly 2 million ...
- TO discover the roots of to day's economic crisis, consider a tale from 1995. That March, House Speaker Newt Gingrich was scheduled to address a meeting of county commissioners at the Washington Hilton. But, first, some 500 protesters from the ...
- Pennsylvania's Sovereign Bancorp Inc. could announce as early as today a deal to be acquired by Spain's Banco Santander for just over $2.5 billion. The two sides were in advanced talks late last night about a deal under which Banco Santander would ...
- The market, it seems, has lost the run of itself. Yesterday, the Telegraph predicted a £12 billion government bail out for the Royal Bank of Scotland. Then Iain Dale heard from sources that it would be £20 billion. Today the paper announces a £37 ...
- Both have been humbled by bad debt, the thread that ties the economic struggles of ordinary Americans to the once-venerable financial houses brought to their knees this summer. It was Berthet's mortgage foreclosure, multiplied by at least a million ...
- A mortgage loan is a perfect method to use for a home acquisition project in Sarasota. Considering that many of the homes in the area might be priced a bit too high for homebuyers, having a financing option at your disposal ensures getting a quality ...
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