Content Tagged As financial_meltdown
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Financial overhaul passes panel
December 2, 2009 10:55 AM
A House panel has approved legislation that slaps new restraints on big Wall Street institutions and demands greater openness from the nation's central bank. The bill is part of a sweeping regulatory overhaul that the House plans to vote on next week. The House Financial Services Committee voted 31-27 along... more » -
Foreclosures rise 5 percent from summer to fall
October 15, 2009 8:34 AM
A flood of defaults among people who lost their jobs helped push the number of households caught up in the foreclosure crisis by more than 5 percent from summer to fall. The defaults overwhelmed a federal effort to assist struggling borrowers. The unemployment rate - now at a 26-year high... more » -
Fed boss sees no rush to boost rates
October 9, 2009 9:00 AM
Federal Reserve Chairman Ben Bernanke sent a fresh signal yesterday that he's in no rush to reverse course and start boosting interest rates. The Fed's key bank lending rate is now at a record low near zero and will probably stay there for an "extended period," Bernanke said in a... more »
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