FDIC chairwoman is right on the money
Business |
December 23, 2007
Articles by Jonathan Peterson
669 articles since 1997
House drops Democrats’ guidelines to pass minimum tax relief
National |
December 20, 2007
Congress agreed Wednesday to spare more than 20 million taxpayers
from the alternative minimum tax this year, bowing to Republican
demands that the $50 billion in tax relief not be offset with any tax
increases elsewhere. Read more
Fed outlines stronger lending standards
Business |
December 19, 2007
WASHINGTON – Faced with financial woes that threaten the U.S. economy, Federal Reserve officials proposed stronger standards today for mortgage lending, including a controversial requirement that lenders not engage in a “pattern” of approving loans that borrowers may not be able to repay. Read more
Fed looks to rein in lenders
Business |
December 19, 2007
The Federal Reserve on Tuesday proposed new mortgage lending rules
to protect consumers against fraud and deception, but consumer
advocates said lenders would still have the ability to make the kinds
of bad loans that triggered the sub-prime lending crisis. Read more
Senate OKs help for struggling borrowers
Business |
December 15, 2007
The U.S. Senate on Friday overwhelmingly approved a bill aimed at
making affordable, federally insured loans available to hundreds of
thousands of borrowers who are in danger of losing their homes to foreclosure. Read more
Study of 401(k) plans has bad news for young workers
Business |
December 12, 2007
Younger workers can count on 401(k) plans to replace just a modest
percentage of their income when they retire in the middle of this
century, according to a new study that highlights the need for
changes in the nation’s pension system, members of Congress said Tuesday. Read more
No silver bullet for borrowers
Business |
December 7, 2007
President Bush’s plan to slow the mortgage meltdown could help
prevent hundreds of thousands of people from losing their homes, but
many others would get no relief – and the plan’s effect on the
broader economy remained a topic of sharp debate. Read more
Mortgage plan would freeze rates
Business |
December 6, 2007
Seeking to gird the nation’s economy against a potential tidal
wave of foreclosures, the Bush administration will release a plan
today that is expected to block many mortgages from adjusting to
higher rates for as long as five years. Read more
Mortgage fallout felt by GOP
Business |
December 5, 2007
The Bush administration’s newly aggressive effort to help people
facing foreclosure and shore up the troubled mortgage industry was
sparked by growing concerns of an election-year recession, and the
political damage that would cause, analysts said Tuesday. Read more
Investors fail to get broader powers
Business |
November 29, 2007
Companies will continue to have broad authority to block investors
from playing a bigger role in electing members of corporate boards,
federal regulators ruled Wednesday. Read more
