Debt Free – Debt Consolidation

Bush administration was warned mortgages were bad (Chicago Sun-Times)

Tuesday, June 30th, 2009

WASHINGTON — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed.source

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U.S. eased lending rules under pressure (The Globe and Mail)

Monday, June 29th, 2009

WASHINGTON — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed.source

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Tata Offers Depositors 11% to Fund Jaguar Purchase (Update1) (Bloomberg)

Sunday, June 28th, 2009

Dec. 1 (Bloomberg) -- Tata Motors Ltd. , the maker of Jaguar and Land Rover vehicles, will borrow from the public for the first time in 13 years as the credit crunch limits its ability to refinance loans used to acquire the luxury brands in June.source

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Tata Motors Offers Depositors 11% to Help Fund Jaguar Purchase (Bloomberg)

Saturday, June 27th, 2009

Dec. 1 (Bloomberg) -- Tata Motors Ltd. , the maker of Jaguar and Land Rover vehicles, will borrow from the public for the first time in 13 years as the credit crunch limits its ability to refinance loans used to acquire the luxury brands in June.source

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AP IMPACT: US diluted loan rules before crash (Miami Herald)

Friday, June 26th, 2009

The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.source

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