Archive for May, 2010
Sunday, May 16th, 2010
LONDON, March 20 — British mortgage lender Northern Rock continued to write high-risk loans for months after authorities stepped in to give the bank emergency support, a public spending watchdog said today. Northern Rock became the first British bank to fall victim to the financial crisis in September 2007 when ...
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Saturday, May 15th, 2010
By committing to buy Treasuries and double his purchases of mortgage debt, Federal Reserve Chairman Ben Bernanke signaled his determination to avoid a repeat of the Great Depression and his willingness to pump as much cash into the economy as needed to end the current crisis.source
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Friday, May 14th, 2010
Experts think the nation’s deepening economic crisis is creating a whole new universe of potential scam victims every day.source
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Thursday, May 13th, 2010
The agency's announcement that it will buy $1 trillion in debt could lower home-loan rates by a full point and stimulate the housing market, economists say. Escalating the government's already aggressive effort to revive the struggling economy, the Federal Reserve said Wednesday that it would spend an additional $1 trillion ...
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Wednesday, May 12th, 2010
It wants you to focus on retirement before other goals, and then college for kids.source
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