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After the fall, the fall! (Chicago Sun-Times) Now, reality sets in! The bailout/rescue plan will work only if banks take the liquidity that is coming their way and use it to make business and mortgage loans that will get the economy moving again. us.rd.yahoo.com
How is banking in Lebanon? (Lebanon Daily Record) While legislators grapple with remedies for the U.S. economy, residents in Lebanon are wondering how the situation affects their town. us.rd.yahoo.com
NYS Consumer Protection Board issues "fiscal crisis watch list" for consumers (press release) (WIVB Buffalo) Even with today's Congressional approval of a $700 billion bailout package, the current fiscal condition has many consumers worrying about their fiscal health. Therefore, consumers may be left vulnerable to opportunistic individuals who try to capitalize on the economic crisis with "get rich quick," lending and other scams. us.rd.yahoo.com
Inside Entrepreneurship: Be careful tapping equity for startup (Seattle Post-Intelligencer) Should you fund your startup with a home equity loan? Susan Schreter advises caution. us.rd.yahoo.com
TSX drops to lowest level in more than 2 years (CTV Winnipeg) The Toronto stock exchange was battered by falling commodity prices Thursday, which pulled down the index by nearly 814 points to its lowest level in more than two years. us.rd.yahoo.com
Homebuilders Raise the Roof, Could Sentiment be Far Behind? (Schaeffers Research) In a reaction that could become common on Wall Street during the near-term, Sam Stovall, chief investment strategist for Standard & Poor's Equity Research Services, said that he "nearly fell off my [his] chair" when the S&P 1500 Homebuilding subindustry index appeared on his weekly high-momentum list...( Read More ) us.rd.yahoo.com
Credit crisis a boon to one-stop banking (San Francisco Chronicle) The implosion of two of the nation's leading investment banks has thrust commercial banks into the spotlight. With their acquisition of investment banks and retail brokerages over the years, commercial banks have assumed a model more common in Europe, banking... us.rd.yahoo.com
Trouble Brewing (Schaeffers Research) Yet again, the fine folks at Barron's have provided me with a slam-dunk article to put under the contrarian spotlight...( Read More ) us.rd.yahoo.com
Citigroup to acquire Wachovia's bank assets (The State) Updated 12:58 p.m. The Federal Deposit Insurance Corp. this morning said Citigroup Inc. will acquire the banking operations of Charlotte-based Wachovia Corp. in a transaction facilitated by the FDIC. Wachovia said Citigroup is buying its retail bank, corporate and investment bank and wealth management business. Wachovia will remain a public company with two main subsidiaries: the Wachovia ... us.rd.yahoo.com
Money 911: Start an emergency savings (MSNBC) If you have questions about your money in today's economy, you're not alone. Here, TODAY personal finance editor Jean Chatzky tackles reader concerns about a few financially sticky situations. us.rd.yahoo.com
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