Highlights
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Daily News Briefs: May 30, 2012
KickingTiresThere's good news if you plan to finance your car purchase: The average credit score for car shoppers dropped to pre-recession lows as auto lenders extended some of the best terms since the financial crisis, Experian Automotive says. In the......Tags: Manchester United F.C., Automotive Equipment, Chevrolet, Manufacturing and Engineering, Vehicles
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Obama: Willing to defer some new taxes
The Swampby Mark Silva Sen. Barack Obama says he could be persuaded to "defer'' some of the tax increases he is proposing for wealthier Americans - higher taxes on capital gains and dividends, for instance - depending on economic conditions at......Tags: Automotive Equipment, National Government, Federal Reserve, Health and Safety at School, Medical Services
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Bernanke: Pricey gas not from chicanery
The Swampby Frank James Federal Reserve Chair Ben Bernanke spent much of his time on Capitol Hill today discussing the Fannie Mae and Freddie Mac crisis as well as the outlook for the nation's economy. However, in his prepared testimony and......Tags: Mel Martinez, Commodity Markets, Federal Reserve, Securities, Politics
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Fannie, Freddie rescue cost: $25 B?
The Swampby Frank James There was already resistance on Capitol Hill to the Bush Administration's proposal that the Treasury Department and Federal Reserve increase their backstop role to Fannie Mae and Freddie Mac, witness last week's congressional hearings...Tags: Government, Fannie Mae, National Government, Federal Reserve, Freddie Mac
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Fannie, Freddie ointment has flies: expert
The Swampby Frank James The U.S. financial markets really liked the federal takeover of mortgage giants Fannie Mae and Freddie Mac. The Dow Jones Industrials were up 1.24 percent when last I checked though that was down significantly from its open.......Tags: White House, Mortgages, Fannie Mae, Federal Reserve, Securities
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Fannie, Freddie left 'no choice': Paulson
The Swampby Frank James Treasury Secretary Henry Paulson is talking to anyone who will listen to explain why the Bush Administration felt it necessary to takeover mortgage giants Fannie Mae and Freddie Mac. His message: it was the only thing to......Tags: CBS Corp., White House, Mortgages, Harry Smith, Fannie Mae
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Bush economics: Wall Street socialism
The Swampby William Neikirk President Bush has been roundly criticized by Democrats for conducting a conservative economic policy. That was true for a while, but no longer. With bailouts of mortgage giants Fannie Mae and Freddie Mac and the investment......Tags: Franklin Delano Roosevelt, National Government, Federal Reserve, Budgets and Budgeting, Freddie Mac
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Obama: Wall Street woes require 'change'
The Swampby John McCormick As Sen. Barack Obama prepares to fly from Chicago to Colorado this morning, his presidential campaign is seeking to respond to the troubling news on Wall Street. In a statement released this morning, the Illinois Democrat said......Tags: Illinois, Colorado, White House, Philosophy, Lehman Brothers Holdings Inc.
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John McCain: Economy fits his script
The Swampby Mark Silva The economy may never have been John McCain's strong suit -- he has admitted as much more than once -- but he is happy to wear it now. Now that the economic turmoil of the nation at......Tags: Economy, Regulatory Policy and Organizations, Political Candidates, State Budgets, Federal Reserve
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John McCain: 'Social contract' broken
The Swampby Mark Silva Sen. John McCain, who has suffered some ridicule from Democratic rival Sen. Barack Obama for suggesting that the fundamentals of the economy are strong, insisted this morning that the fundamental - "the American worker'' - remains strong.......Tags: Sociology, CBS Corp., Entertainment, Sarah Palin, Society
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White House mum on financial session
The Swampby Mark Silva The White House apparently had no interest in any market-moving today. An afternoon meeting of the president's Working Group on Financial Markets was supposed to offer some coverage by pool reporters. But, as President Bush, Treasury...Tags: George W. Bush, White House, Government, National Government, Federal Reserve
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Paterson: Statement on economic crisis
Spin CycleGov. Paterson issues a sobering assessment of the day's financial turmoil: ???Clearly, however, we are entering uncharted waters. Of the five largest, independent investment banks, only two are left standing today: Goldman Sachs and Morgan Stanley. Bear...Tags: Financial and Business Services, Investment Service, Weather, Goldman Sachs Group, Inc., State Budgets
May 30, 2012
|Blog| Cars.com
Jul 23, 2008
|Blog| Chicago Tribune
Jul 23, 2008
|Blog| Chicago Tribune
Jul 23, 2008
|Blog| Chicago Tribune
Sep 8, 2008
|Blog| Chicago Tribune
Sep 8, 2008
|Blog| Chicago Tribune
Sep 13, 2008
|Blog| Chicago Tribune
Sep 15, 2008
|Blog| Chicago Tribune
Sep 15, 2008
|Blog| Chicago Tribune
Sep 16, 2008
|Blog| Chicago Tribune
Sep 16, 2008
|Blog| Chicago Tribune
Sep 15, 2008
|Blog| Newsday
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