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For wonks and insomniacs: AIG bonus terms on line!
Spin CycleFrom Newsday's business staff, Ellen Yan tells us the public can read the 15-page retention contract online, courtesy of the House financial services subcommittee, whose members were the ones grilling chief executive Edward Liddy the other day. The...Tags: Economy, Business and Finance, Financial Services, Ben Bernanke, American International Group, Debt Market
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Geithner's toxic-assets plan: Markets up
The Swampby Jim Puzzanghera The Obama administration today formally unveiled details of its long-awaited plan to help cleanse banks and financial institutions of bad home loans and toxic securities, making a calculated gamble that partnering with private investors...Tags: Economy, Business and Finance, Business Institutions, CEO Pay, Mortgages, Business
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Rahm Emanuel's Freddie Mac profits
The Swampby Bob Secter and Andrew Zajac Before its portfolio of bad loans helped trigger the current housing crisis, mortgage giant Freddie Mac was the focus of a major accounting scandal that led to a management shake-up, huge fines and scalding......Tags: Bankruptcy, Bill Clinton, Politics, Mortgages, Democratic Party
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Obama would rein in masters of universe
The Swampby Frank James The Obama Administration wants to give Wall Street's masters of the universe a new master, the federal government. Treasury Secretary Tim Geithner will propose greater regulation of the financial markets when he testifies before the House...Tags: Politics, Business Institutions, American International Group, Freddie Mac, Fannie Mae
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Obama: no welfare program for CEOs
The Swampby Christi Parsons The federal bailout of the financial system can't end up being a "welfare program for Wall Street executives," Democrat Barack Obama told reporters today. And if taxpayers are going to fork over the $700 billion the administration......Tags: Economy, Business and Finance, Political Candidates, Mortgages, Government, Ben Bernanke
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Americans back federal economic action
The Swampby Mark Silva As pollsters start attempting to gauge public sentiment about the mortgage debt bailout that the Bush administration is proposing, the $700-billion question is the big one. A new survey from CNN and Opinion Research doesn't quite get......Tags: Economy, Business and Finance, Business Institutions, Politics, Government, Regional Authority
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Obama: Economy not 'out of woods yet'
The Swampby Mark Silva President Barack Obama, who has spoken of seeing "glimmers of hope'' in the American economy, today plans to temper his optimism with a clear-eyed look at the challenges of rising unemployment and other problems still plaguing the......Tags: Contracts, Politics, Mortgages, Business, Easter
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Mortgage-relief fraud crackdown: Feds
The Swampby Michael Oneal The Obama administration warned today that scams targeting distressed homeowners struggling to modify their mortgages or avoid foreclosure are on the rise across the United States. In a news conference led by Treasury Secretary Timothy...Tags: Kansas, Politics, United States, Brooklyn (New York City), Mortgages
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Credit card abuse crackdown: Next move
The Swampby James Oliphant The Obama administration is moving to rewrite the rules of the game for credit card lenders, vowing to crack down on high interest rates and predatory practices it says contributed to the economic crisis. The drive, which......Tags: Carolyn B. Maloney, Bank of America Corp., Politics, United States, American International Group
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Chrysler's Electric Minivan Ready For Earth Day
KickingTiresSeeing as today is Earth Day, we expected some sort of stunt from automakers to get some green press. Chrysler???s attempt is this all-electric Town & Country minivan built to serve as a fleet vehicle for the U.S. Postal Service.......Tags: United States, Mail Order Industry, Vehicles, Transportation, Economy, Business and Finance
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Rahm Emanuel: 'No czars in White House'
The Swampby Mark Silva Rahm Emanuel was "a big shot'' before President Barack Obama made him chief of staff - so notes the interviewer today. Emanuel, financially set after a stint on Wall Street, congressman from Illinois and architect of the......Tags: Politics, Business Institutions, Bill Clinton, World War II (1939-1945), Lower House
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A new twist on foreclosures: Insurance wallop
Mayo on the Side: Broward news columnist Michael Mayo | Sun-Sentinel BlogsThere was an interesting story in the newspaper the other day about banks quietly trying to get a bill passed that would relieve them of maintaining homes in foreclosure until they actually take title. Because of court backlogs, the foreclosure......Tags: Economy, Business and Finance, Foreclosures, Politics, Insurance
Mar 20, 2009
|Blog| Newsday
Mar 23, 2009
|Blog| Chicago Tribune
Mar 26, 2009
|Blog| Chicago Tribune
Mar 26, 2009
|Blog| Chicago Tribune
Sep 23, 2008
|Blog| Chicago Tribune
Sep 22, 2008
|Blog| Chicago Tribune
Apr 14, 2009
|Blog| Chicago Tribune
Apr 6, 2009
|Blog| Chicago Tribune
Apr 21, 2009
|Blog| Chicago Tribune
Apr 22, 2009
|Blog| Cars.com
Apr 28, 2009
|Blog| Chicago Tribune
Apr 24, 2009
|Blog| Sun-Sentinel
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