The American Bankers Association meetings in Chicago during late October drew a surprising variety of protesters. These ranged from unions to civic groups, political activists and even a person in a Downsized Man superhero costume. With the ABA in focus, I add my perspective and that of many other millions of American savers who decry the historically abysmal interest rates paid on savings. As banks grow healthier, the return on my savings just gets more anemic. ...more

November 28, 2009

Easier auto loans for more people. The struggling financing arm of General Motors Corp., rescued by $5 billion in federal aid on Monday, plans to use some of the money to make cars and trucks more affordable to a larger pool of customers. ...more

December 31, 2008

The government said Tuesday that it will deploy up to $800 billion to make it cheaper for Americans to get a home mortgage, take out a car loan or borrow money through a credit card, as the government's intervention in the financial system expands to directly address the impact of the credit crisis on consumers. ...more

November 26, 2008

The economy shrank more than expected in the third quarter and home prices fell to levels not seen since early 2004 as the government announced new plans to provide $800 billion to boost consumer spending and home buying. ...more

November 25, 2008

General Motors and Chrysler, bruised by the severe industry downturn, have held preliminary discussions about combining operations, including a full-scale merger, according to people familiar with the talks. ...more

October 12, 2008

The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...more

September 8, 2008

The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...more

September 7, 2008

Citigroup has become the latest big bank to assuage Wall Street's worries about the financial sector, posting a $2.5 billion second-quarter loss that was smaller than the market expected. ...more

July 19, 2008

Consumer borrowing rose in March at the fastest pace in four months, more than double the increase of the previous month. ...more

May 8, 2008

Our country's national debt is in the trillions of dollars, most Americans are head-over-heels in personal debt, most have not saved anything for retirement - and yet, the government's answer is to reward us with a tax rebate to "stimulate" the economy. And they may have to borrow the rebate from China, adding to the national debt. ...more

February 3, 2008