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GRAPHIC: How $700 billion stacks up against other government bailouts ... - USA TodayThey met. They argued. They wheeled and dealed. Now Congress has a tentative agreement on how to bail out the nation's financial system, and leaders are promising approval by midweek. If all goes well, U.S. taxpayers will pour billions into shaky ...
N.J. lawmakers focus on economic crisis - Philadelphia InquirerIn a series of what Assembly leaders said were "unprecedented" hearings on the state's economy, lawmakers moved yesterday to trim taxes for New Jersey businesses, expand grants to help keep or create jobs, and help homeowners avoid foreclosure ...
Bair Turns Once-Obscure FDIC Into Power in Crisis (Update1) - BloombergOct. 3 (Bloomberg) -- When Sheila Bair took over as head of the U.S. Federal Deposit Insurance Corp. in 2006, the agency was probably better known for the ``FDIC'' logo on the doors of the nation's banks than for anything it did. Now Bair is at the ...
Affordable housing reality - tons of applicants - Bridgeton NewsThe mortgage crisis, Wall Street troubles and overall economic collapse of the last several months apparently have increased the demand for public housing in South Jersey. In fact, desperation may be more appropriate than demand - and if it isn't at ...
As 'Biggest Crisis' Hit, Congress Held Nose and Backed Bailout - BloombergOct. 6 (Bloomberg) -- U.S. Representative Elijah Cummings was shopping at a Safeway supermarket in Baltimore on Tuesday, Sept. 30, when an elderly woman stopped him. She was frightened, she said, because her daughter had called to tell her that her ...
N.J. Assembly plans to address economic woes - Newark Star-LedgerFollowing Congress's passage last week of a $700 billion financial rescue plan, the New Jersey Assembly is scheduled to focus its attention today on all aspects of the economy, from mortgage foreclosures to rising energy costs. Mel Evans/AP The New ...
New FDIC limits could hurt some banks - CNN MoneyNEW YORK (CNNMoney.com) -- Now that the Senate has passed a new version of the controversial bailout bill, consumers and businesses worried about what may happen to their bank deposits if more banks go under could breathe a little easier. Embedded ...
Daily List Of Companies Reporting Fannie/Freddie Exposure - CNN MoneyThe following is a list of companies who hold or had recently held equity or debt of Fannie Mae and Freddie Mac . The list, which runs in reverse order by date of disclosure, will be updated on a daily basis as companies continue to report their ...
N.J. on course to see 50,000 home foreclosures this year - Morris County Daily RecordTRENTON -- Home foreclosures are rising in New Jersey, from 23,000 two years ago to 34,457 last year -- and they are on pace to hit 50,000 this year, lawmakers were told Monday. "That's far more than double in two years," Banking and Insurance ...
Assembly OKs bill to prevent foreclosures - Asbury Park PressTRENTON — Emergency home foreclosure prevention loans and financial counseling services would be available to struggling homeowners under legislation that advanced Monday. The New Jersey Home Ownership Preservation Act establishes a $30 million ...
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