Finance

Great Recession ended while growth recession proceeds

In technical terms, we can't call what the United States is now going through a recession. Monday, the government announced that June 2009 was when the economic downturn officially finished, even though the economy is nevertheless terrible. In December 2007, the economy started to go down and lasted for about 19 months making it the ...

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Sams Club to start stocking online loans

Sam's Club, part of the Wal-Mart empire, is going to start offering online loans from Superior Financial Group LLC. The loans are for small business owners and entrepreneurs. Superior Financial is a Small business Administration lender, and also the trial program will offer small companies and small company owners that are Sam's Club members loans ...

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How to get credit when you need credit to get credit?

Getting credit isn’t easy. You can thank greedy Wall Street bankers and mortgage brokers that triggered a financial crisis and real estate meltdown for that. These days people who are just starting out face a tougher credit environment than people in their shoes just a couple of years ago. It is hard to get ahead ...

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Losses grow as Freddie Mac and Fannie Mae stocks delisted from NYSE

Freddie Mac and Fannie Mae, who was the key source of funding that have kept lending to home buyers from totally drying up, were ordered by the government to cease trading all of their shares on the New York Stock Exchange to abide by NYSE delisting rules. Freddie Mac and Fannie Mae stocks, which have ...

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Financial System Crisis: Payday Loan Evolution

Pay day loans must be examined to counter the current conventional institutional lending practices globally. The Obama administration, Federal Reserve and Senate announced February 9, 2009 the crisis of their attempts to quell the deepening economic waters in the U.S. further leading to heightened borrowing in the payday loan sector. How much debt is the U.S. in? Firstly, ...

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