Finance
One in five property owners owe more than their home is worth
Recent studies reveal that 20 percent of Americans owe more on their homes than the home is worth. Mortgage loan modification, even if they could get it, would do no good for 1 in 5 homeowners. That number is slowly decreasing, though. .
20 percent of mortgages underwater
According to CNN Money, just over 20 percent of ...
International Monetary Fund wants a one trillion dollar budget
The International Monetary Fund is going to request a $ 1 trillion spending budget this November. The Group of 20 Summit in South Korea will consider this request. .
The ability of the IMF to lend
The IMF currently has a lending capacity of about $ 750 billion. Struggling countries get advance loans from the IMF when ...
Plunging consumer credit starts new deceptive credit card fees trend
Consumer credit dropped much further than was forecast, with the decline led by significant drop in credit card debt. Credit card delinquencies fell to an all time low rate since 2002. As Americans conserve more and borrow less, credit card companies are coming up with new solutions to gouge customers. New credit card rules aimed ...
Danielle Chiesi, Wall Street Vixen, on trial for insider trading
Insider Danielle Chiesi is on trial for actions that, according to Fortune, is "a confirmation of all (people have) suspected is wrong with Wall Street and also the hedge fund industry". Danielle Chiesi and previous IBM exec Bob Moffat have been charged with securities fraud.
Danielle Chiesi’s Wall Street world
Danielle Chiesi was an employee of Raj ...
Rates cut by Chase for companies that hire on small company loans
Small company loans might start getting a whole lot more affordable, and the U.S. unemployment rate could be affected. The nation's second-largest bank announced Wednesday that it will lower the interest rate on small business lines of credit for companies that hire new employees. Small business lending has been a hot button issue as credit ...
