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HUD First Look program gives communities first dibs at foreclosed properties

Sep 1, 2010
The new program from the Department of Housing and Urban Development is in an effort to stabilize communities and real estate prices across the nation.
Posted In: Banks, Housing

JPMorgan to close proprietary trading

Sep 1, 2010
JPMorgan Chase is shutting down its proprietary trading desks, the places where it trades on its own behalf. Reporter Jeremy Hobson talks the details with Bill Radke about how this might affect the bank.
Posted In: Banks

Are savings accounts worth it anymore?

Aug 26, 2010
Money sitting in savings accounts used to grow, but with low interest rates and increasing bank fees, savings accounts are starting to be a less appealing place to park your money.
Posted In: Banks, Savings

Commercial paper market rates at record lows

Aug 16, 2010
Short-term loans for corporations from the commercial paper market are back and corporations are taking out loans, even if they don't necessarily need them. Marketplace's Alisa Roth explains why.
Posted In: Banks

MID-DAY UPDATE: GM CEO Ed Whitacre stepping down...

Aug 12, 2010
... the company reports $1.3 billion in profits-- IPO to come Car dealers face higher demand with short supply New jobless claims rise again For...
Posted In: bailout, Banks, BP, China, consumer confidence, Dr. Seuss, Ed Whitacre, foreclosures, General Motors, GM, Godfather of Solar, Green Eggs and Ham, lost decade, mid-day update, TARP

TARP also bailed out foreign banks

Aug 12, 2010
U.S. taxpayers gave $300 billion to bail out U.S. banks, which ultimately helped rescue foreign banks in a globalized system.
Posted In: Banks

King openly gloomy about U.K.'s road to recovery

Aug 12, 2010
Bank of England governor Mervyn King told the public the U.K. faces a long, hard road back to full recovery. Critics also say King is being over-optimistic.
Posted In: Banks

Economists underwhelmed by Fed's new plan

Aug 11, 2010
The Federal Reserve plans to spend up to $30 billion a month on U.S. Treasury bonds in an effort to motivate the banks to lend. But this doesn't provide a huge incentive in an economy of $14 trillion.
Posted In: Banks

Fed may try quantitative easing to boost economy

Aug 10, 2010
There's speculation the Fed is going to try quantitative easing to fight economic doldrums. Nancy Marshall Genzer explains.
Posted In: Banks

FHA loans are about one-third of U.S. mortgages

Aug 6, 2010
Federal Housing Administration home loans used to be just a sliver of the nation's housing market, but now it's one-third. The FHA loans may have helped what would've been an even more stagnant housing market, but federal mortgages may not be sustainable.
Posted In: Banks, Housing

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