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US recession began in December 2007’ - Daily TimesWASHINGTON: The US economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. The NBER _ a private, nonprofit research organization _ said its group of academic economists who determine business cycles ...
Former Clinton Treasury Secretary Turned Obama Adviser Was Paid Tens ... - CNS NewsRobert Rubin, a key economic advisor to President-elect Barack Obama and a former Treasury secretary (CNSNews.com) – Robert Rubin, a key economic advisor to President-elect Barack Obama who served as Treasury secretary in the Clinton Administration ...
Mortgage Q&A: Promise amid challenges - The Washington TimesIn past years, I have often taken today's column to reflect on the economic environment in America and discuss what aspects and events deserve our thanks. I have to admit that this year's column is a bit harder to write. Let's summarize what's facing ...
The Teflon President-Elect - Town Hall"Eight years, if he's in that long," I told him. "Doesn't matter what happens. Either they'll blame Bush or 'circumstances beyond Obama's control' while writing articles about how heroically Obama handles them." It's already started. Take President ...
Obama defends calling on Clinton-era veterans - International Herald TribuneCHICAGO : President-elect Barack Obama on Wednesday defended his decision to select veterans of the Clinton administration for positions in the West Wing, his cabinet and across the administration, saying Americans would be rightly "troubled" if he ...
The Community Reinvestment Act - OregonianDuring the 2008 Presidential campaign, while our economy was beginning a tailspin, a small but vocal group of individuals were presenting the idea that the mortgage meltdown was actually caused by liberal Democrats. The theory floated was that ...
The Note: Economy Confronts Obama...Again - ABC News BlogsYou don’t need a light-bulb moment for this one: Now that the national-security team is in place, it’s all about the economy again for President-elect Barack Obama. And, oh yeah -- he’s pretty much the president now, by the way. Partly it’s ...
Long Bond Returns Most Since 1995 Amid ‘Bubble’ Talk (Update2) - BloombergDec. 2 (Bloomberg) -- Thirty-year Treasury bonds are returning the most since 1995 as investors bet the Federal Reserve will buy the securities to help bring down long-term borrowing costs. The so-called long bond has returned 27.8 percent this year ...
Auditors fault Treasury oversight of bailout funds - Buffalo NewsThe government must toughen its monitoring of the $700 billion financial bailout to ensure that banking institutions limit their top executives' pay and comply with other restrictions, federal auditors said Tuesday in the first comprehensive review ...
Baucus blasts anonymous lawmaker on bailout oversight - MarketwatchWASHINGTON (MarketWatch) -- Senate Finance Committee Chairman Max Baucus said Tuesday that he was concerned that a fellow lawmaker was holding up the nomination of a key official to oversee the allocation of the $700 billion bank-bailout fund ...
Today's Mortgage Terms starting with G
Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.
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