The subprime mortgage mess is taking its toll on the nation’s investors. Financial experts say that fixed income investors have seen their share of losses this year because of the precipitous decline in the subprime mortgage market. At the same time, defaults on car loans appear to be rising,... more
The Federal Reserve Board has once again tried to ignite a sputtering economy by cutting interest rates. The Fed has decreased the federal funds rate, the rate that banks charge each other for overnight loans. The rate cut marks the third one for the Fed this year. It follows a nationwide housing crisis—the... more
Consumer advocates are leading the charge for a federal bailout of the troubled housing industry. The housing market has been in free fall for many months, the result of plunging home prices and sluggish sales. It’s also become increasingly difficult for prospective homebuyers to purchase houses... more
Summer 2007 may be remembered in economic circles as a time when new concerns were voiced about those handy debit cards that are appearing in just about everyone’s wallets. Research indicates that consumers are often opting to pay for their purchases with debit cards rather than credit cards. ... more
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