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U.S. Treasury says financial system still fragile

Source: Reuters

Tarp : Germany | 2 months ago

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The U.S. financial system remains fragile a year after a bank bailout program was initiated and the government needs to be ready to step in to help more if necessary, a senior U.S. Treasury department official said on Thursday. "The recovery has just begun, the financial system remains fragile, and...

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Firms are getting billions, yet aren't averting foreclosures

By: BiodunIginla

Sunday, October 4, 2009 by Judith Stein and Biodun Iginla, BBC News. Judith Stein reported from New York City Sun, Oct 4, 12:00 AM
about 1 month ago

Being Led Like Blind Sheep.

By: Redhanded101

For a country that has seen it’s population surpass the 300 million mark and where diversity couldn’t be more evident, it is becoming more evident that minorities & to a large extent our youth or those under the age of 20 – which comprise about 27% of the population, are currently being led like blind sheep by this ...

7 days ago
AFL-CIO wants TARP funds to target small businesses not Wall Street.

By: northsunm32

Rather interesting to see big labour asking for help to small businesses and repeating the claim of organisations representing small businesses that they create most of the jobs in the US economy. The AFL CiO was a big supporter of the stimulus program and is suggesting that even more needs to be done to create jobs given the over ten ...

7 days ago
Obama Plans Subprime the Sequel

By: jdangjenn

The old cliché says that those who don’t learn from history are doomed to repeat it. The Obama administration is among those who don’t learn from history because it is preparing a repeat of the subprime mortgage debacle. The White House is about to give state and local housing agencies $35 billion to finance low interest ...

2 months ago
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News Stories

Mortgage-mod program questioned, protested

News Source: Belleville News-Democrat | 2 months ago

The government can't do anything to make Rafael Aponte's home affordable. Aponte has been unemployed for three years since being downsized after 17 years at National Display Co. That's how long Aponte has owned his Northern Liberties rowhouse, which...
Small details could derail TARP help on mortgages

News Source: Seattle Times | 2 months ago

The success of the federal government's attempts to keep homeowners from defaulting on their mortgages appears to hinge on small things such as a lender not losing a customer's documentation. It all comes down to details: The success of the federal...
Treasury says US economic recovery just beginning

News Source: Sify News | 2 months ago

The U.S. economic recovery has just begun and "we still have work to do," a senior Treasury official told Congress on Thursday, sending the strongest signal yet that the administration is prepared to extend its $700 billion bank bailout fund...The...
Financial Bailout Could Extend to 2010

News Source: Fox News | 2 months ago

The U.S. economic recovery has just begun and "we still have work to do," a senior Treasury official told Congress on Thursday, the strongest signal yet that the administration is prepared to extend its $700 billion bank bailout fund...The rescue...
U.S. Treasury says financial system still fragile

News Source: Reuters | 2 months ago

The U.S. financial system remains fragile a year after a bank bailout program was initiated and the government needs to be ready to step in to help more if necessary, a senior U.S. Treasury department official said on Thursday. "The recovery has...
No sign that bailout will expire at year's end

News Source: Virginian-Pilot Online | 2 months ago

The Obama administration is signaling that it is in no hurry to let the $700 billion financial bailout program expire at year's end amid continuing stress on the economy and the banking system. The rescue plan, known as the Troubled Asset Relief...