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The day before President-elect Barack Obama takes office, the escalating troubles facing major banks around the world couldn't be clearer. ...more
January 20, 2009
The hemorrhaging among the nation's biggest banks was supposed to have subsided after the government doled out $350 billion in federal bailout money last fall. That hasn't happened. ...more
January 17, 2009
Stocks Extend Advance In Year's Final Session NEW YORK (AP) - Wall Street saw a merciful end to a dreadful year Wednesday as stocks closed the last session of 2008 with a sizable advance. ...more
January 4, 2009
Seven banks and financial institutions are refusing to make vehicle loans to Ernie Haire Ford customers, which could make it even more difficult for the dealership to emerge from bankruptcy. ...more
January 2, 2009
Wall Street saw a merciful end Wednesday to a dreadful year as stocks closed the last session of 2008 with a sizable advance. ...more
January 1, 2009
Since the subprime mortgage troubles exploded into a full-blown financial crisis last year, the three top credit-rating agencies - Moody's, Standard & Poor's and Fitch Ratings - have faced a firestorm of criticism about whether their rosy ratings of mortgage securities generated billions of dollars in losses to investors who relied on them. ...more
December 20, 2008
Under the gloom of plunging motor-home sales and with travel trailers stacking up on lots, recreational vehicle makers and dealers tried to lift their spirits by joining in song at their national trade show this week. ...more
December 6, 2008
The handwriting was on the wall at least 20 years ago. ...more
November 30, 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
Lazydays RV SuperCenter, which bills itself as the world's largest one-site RV dealership, missed an interest payment Monday and could be found in default if it can't reach an agreement with bondholders. ...more
November 18, 2008
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