Auto News

Chrysler Almost Didn’t Introduce Minivans Under Federal Loan Board Chrysler’s minivans - at the time innovative vehicles credited with the ... on a German news website. Ford Execs Hope To Fuel Company’s Image By shunning government loans, Ford ... s headquarters, beaming. Midwest Credit Unions To Help GM A group of credit unions from Michigan [more...]

Date: 2008-12-10 18:45:15

Blog posts (17) | Videos (1)
 

Economic weakness to continue, says FED chief

By David Goldman CNNMoney.com NEW YORK (CNNMoney.com) ... will continue for some time, even if the government’s efforts to boost lending help restore the credit ... , addressing business leaders in Austin, Texas, said the Fed will continue to use the tools it has been given [more...]

Date: 2008-12-01 19:08:59

B of A reports loss, gets more cash

The TARP was phase 1 of the bank bailout: give the banks cash to rebuild their capital ... for credit-losses nearly tripled, while the company showed why it needed further help from the government ... 1: the government is absorbing losses on bad assets themselves.  See Citi’s bailout in late November [more...]

Date: 2009-01-16 15:09:12

Gonna Bailout Party Like It’s 1999

Well, what’s next with the government bailout that was going to save our bacon? ... , that's 1999 : Fannie Mae Eases Credit to Aid Mortgage Lending. “In a move that could help increase home ... the credit requirements on loans that it will purchase from banks and other lenders. The action, which [more...]

Date: 2008-12-24 11:50:39

[IMG repossessed houses, boarded up]

Scheme to fight repossessions expanded Thousands of families facing the threat of repossession were today being offered Government help as a mortgage rescue scheme was rolled out across England... Reader ... for the credit crunch? Equitable Life victims win payout victory Trade deficit soars to its highest [more...]

Date: 2009-01-16 22:04:14

House Republicans: 'Protect taxpayers'

by Frank James Worth a read is the letter House Minority Leader John Boehner sent to sent House Speaker Nancy Pelosi today, ... to help the finanncial and credit markets. Their core of their plan would call for the government ... federal laws and regulations that "burden" the economy they say. One idea is a temporary moratorium [more...]

Date: 2008-09-26 19:24:16

Government help for the bank lending: just “get on with it”

Last weekend the Prime Minister announced yet another “anti-recession” plan which included the “creation of up to 100,000 new jobs” ... half of this year, as we were promised by the Chancellor as recently as in the Pre Budget Report ... that households are reining in after the years of credit-fuelled excess. Two key indicators are housing equity [more...]

Date: 2009-01-08 21:14:21

Government help for small business: The key points

Working Capital Scheme - Open to “ordinary-risk” businesses with a turnover of up to &beat500m - Government will guarantee up to 50pc of new and existing working capital credit lines ... Fund - A £50m fund to convert businesses’ debt into justice, announced in the pre-budget report [more...]

Date: 2009-01-16 08:09:09

Why banks shouldn't be given government help.

Banks are the property of their shareholders, and may act in accordance with the best interests of their shareholders in mind ... of my payment history. I have never missed a payment. When you pull up a TransUnion credit report ... from a bank recently. You may have heard about banks calling in lines of credit. Essentially [more...]

Date: 2008-12-19 19:18:31

BofA, Citi Report Losses

From the WSJ: Bank of America Swings to a Loss Bank of America Corp. swung to a fourth-quarter loss as provisions for credit-losses nearly tripled, while the company showed why it needed further help from the government to support its acquisition of Merrill Lynch [more...]

Date: 2009-01-16 13:20:02

News: Government's real help for business

Business Secretary Lord Mandelson today unveiled a package of measures designed to address the cash flow, credit and investment needs of small and medium businesses. The support package, which builds upon the commitments outlined in November's Pre Budget Report, consists of loan guarantees and a new [more...]

Date: 2009-01-14 11:20:00

Federal Reserve, Treasury Announce $800 Billion Plan to Support Consumer Lending

Let's see, Bloomberg said yesterday that the Federal government had committed $7.4 trillion to lending facilities and guarantees ... points, due to a GDP report that revised third quarter growth from positive 0.3% to negative 0.5 ... (TALF), a facility that will help market participants meet the credit needs of households and small [more...]

Date: 2008-11-25 15:09:54

Bank of Canada - Another 0.75% Cut (Prime Now at 3.25%)

Prime rate has been cut by 0.75% by Bank of Canada.Current Prime Rate: 3 ... strained. Measures taken by major governments are beginning to encourage credit flows, although ... of the last Monetary Policy Report in October. Several factors are helping to counterbalance [more...]

Date: 2008-12-09 18:22:00

Chrysler Launches 0% Financing With Government Help

2009 Jeep Grand Cherokee - 210.JPG By Michelle Krebs DETROIT -- Within hours of its credit arm obtaining $1 ... its previously tightened credit requirement to now include customers with scores in the 620 range [more...]

Date: 2009-01-16 20:13:24

WIRELESS

WIRELESS The incoming Obama administration has earmarked just $6 billion for wireless and broadband services as part of an ambitious $825 billion ... for the U.S. government to spend $30 billion or more to help improve broadband infrastructure ... announced a device that can clip onto its wireless handhelds and enable retailers to take credit cards [more...]

Date: 2009-01-16 18:45:09

The Administration’s Latest Critic: The Chamber of Commerce

by Jake Bernstein - Aug. 13: This post has been corrected. It's almost rote by this point ... and is designed to help employers confirm the work status of new employees. (Credit: ProPublica) On Aug. 11 ... . The program has been beset by troubles. A June 10 congressional hearing and a report (PDF) by the Government [more...]

Date: 2008-08-13 14:45:00

Government pledges $1 bln to spur investment, consumption

The government promised Wednesday to spend around US$1 billion to spur investment and consumption and said it wants to lower taxes to help businesses ... , but officials have become increasingly worried that the global credit crisis could drag down growth ... in a report at a cabinet meeting, came one day after the government revealed what will be the [more...]

Date: 2008-12-04 16:47:00

17 Results