Wednesday, August 25th, 2010
The amount consumers owed on their credit cards in this year's second quarter dropped to the lowest level in more than eight years as cardholders continued to pay off balances.---read the article
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Tuesday, August 17th, 2010
The Obama administration held a conference Tuesday about how to reform mortgage giants Fannie Mae and Freddie Mac. Reform could involve adding Fannie and Freddie's roughly $5 trillion in obligations, in effect, to the federal balance sheet.---read the article
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Wednesday, August 11th, 2010
NEW YORK (Reuters) - The U.S. Federal Reserve on Tuesday said it would begin funnelling proceeds from its maturing mortgage bonds into longer-term government debt in an effort to support a sputtering economic recovery.---read the article
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Tuesday, August 10th, 2010
More worried about the recovery, the Federal Reserve took a small step Tuesday to bolster the economy. Wrapping up a one-day meeting, the Fed said it will use the proceeds from its investments in mortgage bonds to buy government debt on a small scale.---read the article
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Monday, August 9th, 2010
Consumer credit card debt has fallen 21 months in a row. The savings rate has risen from 2.1% to over 6% and wages and salaries are lower than before the Credit Crisis. Even though all three reduce consumer spending, the GDP reports claim U.S. consumers are spending more.---read the article ...
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