Skip to: Content
Skip to: Site Navigation
Skip to: Search

October 11, 2008 2:36:50 AM CDT

Learn about Newser Points »

Stories related to: loan

Stories

6 Stories

  • September 2008

    • What Killed Bear, Lehman Is What the World Needs

      Slate  |  Sep 21, 08 12:44 PM CDT

      What Killed Bear, Lehman Is What the World Needs

      (Newser) - Sure, subprime loans toppled two pillars of American investment banking, gutted the world’s largest insurer, and plunged the entire US financial system into a tailspin. But they are exactly what the world needs today, Daniel Gross argues in Slate. “Far from the madding, depressed crowds of Wall Street, billions of people are starving for credit,” the columnist writes. More »

      Tags

      subprime mortgages  • interest rate  • banks  • loan  • microfinance  • consumer credit

    • Auto Giants Press Congress for $25B Loan

      Detroit Free Press  |  Sep 18, 08 9:43 AM CDT

      Auto Giants Press Congress for $25B Loan

      (Newser) - The CEOs of US auto giants seem to have convinced some in Congress they, too, need billions in federal loans, the Detroit Free Press reports, though it’s uncertain if they’ll get the $25 billion they’re asking for. High oil and commodity prices and tightened credit threaten jobs in an already ailing industry, the heads of General Motors, Ford, and Chrysler told lawmakers yesterday. More »

      Tags

      bailout  • auto industry  • General Motors  • Ford  • Chrysler  • lobbying  • Big Three  • loan  • federal loans  • jobs

  • August 2008
  • July 2008

    • Squeezed Banks Slash Biz Loans

      New York Times  |  Jul 28, 08 5:09 AM CDT

      Squeezed Banks Slash Biz Loans

      (Newser) - Reeling from real-estate losses, banks are turning off the credit spigot to loan-seeking businesses, the New York Times reports. The loan reduction means more bad news down the line as money-starved companies begin to cut workers. Banks cut credit nearly 3% over the past year, the most since 2001, according to the Federal Reserve. The shrinking availability has hit companies especially hard as customers facing their own financial struggles horde their pennies. More »

      Tags

      economy  • bank  • banking industry  • credit  • loan

    • Fannie/Freddie Troubles Signal Sea Change in Gov't Role

      New York Times  |  Jul 14, 08 6:54 AM CDT

      Fannie/Freddie Troubles Signal Sea Change in Gov't Role

      (Newser) - The teetering of Fannie Mae and Freddie Mac has underscored a major shift in US finance, writes Peter S. Goodman in the New York Times —once simply another guarantor, the government has effectively become the only lender in town "for millions of Americans engaged in the largest transactions of their lives." As commercial banks flee the market and credit dries up, Fannie and Freddie are now buying two-thirds of new mortgages. More »

  • October 2007

6 Stories

Today's Most Popular

Loading...

Premium Articles from HighBeam

Find more articles like this

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »