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. .
A fifth of all homes underwater
Just over 20 percent of people have homes ...
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 the ability to lend about $ 750 billion. This money is most often lent in the form ...
Plunging consumer credit starts new deceptive credit card fees trend
Consumer credit dropped in May further than was forecast, with the decline being led by significant drop in credit card debt. Credit card delinquencies fell to their lowest rate since 2002. As Americans conserve more and borrow less, credit card companies are coming up with new methods to gouge customers. New credit card rules aimed ...
Danielle Chiesi, Wall Street Vixen, on trial for insider trading
According to Fortune Magazine, Danielle Chiesi has become "a confirmation of all (that people have) suspected is wrong with Wall Street". Charged with securities fraud and conspiracy, Bob Moffat, previous IBM exec, and Danielle Chiesi, are facing trial.
The story of Danielle Chiesi
Owner of the Galleon hedge fund, Raj Rajaratnam, employed Danielle Chiesi as an information-gatherer. ...
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 might be affected. The nation's second-largest bank announced Wednesday that it plans to lower the rate of interest on small company lines of credit for companies that hire new employees. Small company lending has been a hot button issue ...
