Archive for October, 2009

Foreclosure Issues Still A Major Hurdle (LINKS) (13 WMAZ Macon)

Saturday, October 31st, 2009

It was the anticlimax of the new year.source

ELIZANDRO: Bubble Burst (The Villanovan)

Friday, October 30th, 2009

Of the many causes of the current financial crisis, the most frequently cited is the subprime mortgage collapse. In general, subprime mortgages are home loans banks probably shouldn't have made to homebuyers who probably couldn't afford them.source

Visa expects to bag US$300M in savings a year early (National Post)

Thursday, October 29th, 2009

Visa Inc, the world’s largest credit card network, expects to achieve its US$300-million savings target in 2009, a year early, the CFO said on Wednesday.source

British regulator quits after accusations of firing a whistleblower (International Herald Tribune)

Wednesday, October 28th, 2009

A whistleblower warned in 2004 that HBOS, the fast-expanding mortgage lender both men then worked for, was accumulating levels of debt that put it at unacceptably high risk.source

Obama’s Revamping of Bailout Plan Should Help Protect Taxpayers (Kansas City InfoZine)

Tuesday, October 27th, 2009

More Reforms Needed to Help Americans Struggling with High Cost Mortgage and Credit Card Debtsource

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