Share ideas on the topic of personal finance. Some topics could be saving, budgeting, retirement planning, investing, handling credit, obtaining a mortgage, etc.
EVEN TOUGHER RULES ACROSS THE POND
President Barack Obama's plan to overhaul financial regulation covers everything from mortgages to hedge funds. But reform efforts in Europe may prove more significant for U.S. companies. European regulators are hashing out new rules for banks, insurers, and money managers that could put U.S. firms at a disadvantage. Why is Europe reaching across the Atlantic? European policymakers, like those in the U.S., want to show decisive action in the wake of the... Read Full Story
FIXING THE FLAWS IN AMERICA'S SAVINGS PLANS
The repercussions of the financial crisis will be felt for years in the retirement accounts of millions of Americans. Those who saved industriously have watched their account balances crumble, and the recession has set back that half of employees who lack even basic savings options such as 401(k)s. In Washington, long-simmering debates over how to improve, or even replace, the country's patchwork retirement system have taken on a new urgency... Read Full Story
by Luis Torres de la Llosa and Amandine Ambregni NEW YORK (AFP) -- Wall Street swindler Bernard Madoff was sentenced to 150 years in jail for masterminding an "evil" multi-billion-dollar investment scam that cheated thousands of people around the world. "It is the judgment of this court that Bernard Madoff should be sentenced to 150 years in jail," Judge Denny Chin said as he handed down the maximum term possible on 11 charges of fraud, theft and perjury. He described Madoff's crimes as... Read Full Story
Los Angeles Times'Gossip Girl' producer Levy buys in Hollywood Hills areaLos Angeles Times"Gossip Girl" executive producer Bob Levy has purchased a Hollywood Hills-area home for $1005000. There are two bedrooms and 2 1/2 bathrooms …Hot Property: 'Gossip Girl' executive producer lands in Hollywood …Los Angeles Timesall 2 news articles » Read full story Read Full Story
The US Treasury gave clearance Tuesday for 10 major US banks to repay a total of 68 billion dollars for government capital injections made to stabilize the financial system. The Treasury made the announcement a day after the Federal Reserve said the 10 banks ordered to raise new capital following "stress tests" had developed sufficient programs to shore up their finances. "Following consultation with the primary banking supervisor of each institution, Treasury has notified the institutions... Read Full Story
Ten of the largest US banks have been approved to repay the government a total of 68 billion dollars for capital injections made to stabilize the financial system, the Treasury said Tuesday. The Treasury, without naming any specific banks, made the announcement a day after the Federal Reserve said the 10 banks ordered to raise new capital following "stress tests" have developed sufficient programs to shore up their finances. "Following consultation with the primary banking supervisor of each... Read Full Story
Ten big US banks got approval Tuesday to repay 68 billion dollars in capital from the Treasury, in the latest sign the ailing financial sector is standing on its own without government aid. President Barack Obama welcomed the news but warned that the troubles of the sector were far from over. Obama said that "it is worth noting that in the first round of repayments from these companies, the government has actually turned a profit." But the president warned "this is not a sign that our... Read Full Story
WASHINGTON (AP) - Ten large U.S. banks planned to repay about $68 billion in bailout money Wednesday, marking a new phase for the most visible government effort to relieve the credit crisis.
The Treasury Department last week said the banks could begin repaying money they received last fall under the $700 billion financial system bailout known as the Troubled Asset Relief Program, or TARP.
The program was the centerpiece of the government effort to relieve a global credit crunch and... Read Full Story
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TOP SITES ABOUT PAYDAY LOAN and CASH ADVANCE : 1. 1000 LOAN PAYDAY - best offer for 1000 loan payday. Get the funds deposited directly into your checking account to immediately access cash in order to balance your budget, handle emergencies, consolidate bills, or put money in your wallet! You'll receive a no-obligation loan quote that details the rates and terms after you apply. I have being working with them for 2 years. 2. 1000 LOAN PAYDAY - Simply fill out the cash advance application as... Read Full Story
