Loan Companies News
Insurers find path to bailout billions (Market Watch) WASHINGTON (MarketWatch) -- At least three insurance companies have applied to the Office of Thrift Supervision to buy individual savings and loan companies as a means of getting large capital infusions from the Treasury Department's $700 billion Troubled Asset Relief Program.
Insurers Jump on TARP Despite Concerns (TheStreet.com) The insurers looking to get aid from the government bailout face new federal regulatory control risks if Treasury Secretary Paulson doesn't pull the plug.
Consumerism as Christmas or how much do you love me? (Online Journal) Well, according to the American Research Group, Inc. , 1,100 adults were sampled to find that they will be spending half as much this year, $431, for loved ones. In 2007, $859 was spent; in 2006, $907; in 2005, $942; in 2004, $1,004; in 2003, after we declared victory in Iraq, $976; and so on.
Analysis: Lawmakers tying strings to auto bailouts (Northwest Herald) WASHINGTON (AP) – Democrats and Republicans alike want to impose stiff conditions on any bailout of the auto industry — from limiting executive compensation and outlawing dividends to demanding union concessions. That is a sharp contrast to the big bank bailout, where Congress and the Bush administration set few restrictions.
Economists: U.S. Is In A Recession, Job Loss To Follow (WILX 10 Lansing) The report came out from the University of Michigan and paints a bleak picture of the national economy
Payday Loans: Lost Resource or Ripoff? (Skanner) Two years ago, you couldn’t drive more than a mile in some parts of Portland without seeing half a dozen store fronts advertising easy, quick cash. All you had to do was pay 521 percent annual interest (APR) and the cash was yours.
Lincoln National Has No Current Plan To Raise Common Equity (Fox News) Lincoln National Has No Current Plan To Raise Common Equity
Saving money (Navajo Times) When times get rough financially, who are you going to call? For many Navajos, bad economic times lead to legal problems and thousands each year seek help from DNA People's Legal Services Inc., the legal aid agency that has been representing low-income tribal members for more than 40 years.
PPNs: Rage or risk (The Canadian Press via Yahoo! Canada News) (Special) - Investors always like the idea of protection with growth, but it becomes even more attractive in times of high market volatility like we're experiencing now.
Amex, Hartford, Popular Join Firms Seeking TARP Funds (Update2) (Bloomberg) Banks, savings and loans, insurers and credit companies are all vying for a piece of the remaining $125 billion of Treasury Secretary Henry Paulson 's program to recapitalize U.S. lenders.
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