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If you keep putting pressure on the middle class it will break, that would be disasters for this country, as its success or failure is directly mapped to that of the middle class.

The economy is getting better, but people are still losing their jobs, and banks are still going bankrupt. At least we are told it’s getting better. They need someway to keep the engines running on Wall Street.
Although BankUnited is a regional player, it’s still somewhat of a larger bank, with nearly 14 billion in [...]

There are always winners and loser in any environment. However in the latest round of quarterly results it’s interesting to see who has fallen into want category. What’s doubly interesting is the fact that banks which did take on government help to purchase out asset of fail brothers seem to be making out much better [...]

In a year that has seen hedge funds loss about 18% on average, and investors taking back their money in mass, there are some bright spots in the industry. Be shore that those lucky enough to be investors are extremely grateful. In the end for a hedge fund manager to get paid he has to [...]

As the details of the toxic/bad asset purchasing program became public on Monday, financial industry executives have taken to trying to figure out who can profit from the governments generous plan to purchase bad assets. The problems as always are in the details, and the details have been slow to emerge.
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The question that all [...]

The government has developed a plan that will bring in private investors, who will in turn get generous terms, to help the government develop an open bid system for dealing with toxic assets. In the latest effort, the government will put up to $100 billion dollars from the original $700 billion TARP program passed by [...]

Joblessness on the rise
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The government says the number of Americans filing initial claims for jobless benefits rose last week while the total jobless benefit rolls reached a new record.
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Breakdown: Joblessness
·          First-time requests for unemployment insurance increased to 654,000
·          Previous week’s figure of 639,000
·          Continuing claims set record of 5.3 million
·          Increased of 193,000 [...]

Large and small banks across the country are looking for ways to return money they received via the TARP program, in hopes of not being forced to fallow strict government rules regarding executive pay, and mortgage foreclosure procedures.
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“As public outrage swells over the rapidly growing cost of bailing out financial institutions, the Obama administration [...]

Most economist and analyst believe that the credit-crisis of 2008/09 is primarily caused by the large losses in Real-Estate in the United State. If that’s the case, numbers regarding February’s foreclosure rates don’t seem to be pointing to anything but more plan for the near future.
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Breakdown:
·          121,756 Completed U.S. foreclosures in February
·          [...]

Freedom Bank of Georgia was seized by regulators on Friday March 6, 2009 amidst an ongoing recession, high unemployment, and continued weakness in the housing marketing, pushing more borrowers behind on home loan payments.
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2008 Finished with 24 bank failures in the U.S., It’s only the first week of March 2009 and we have already [...]

Greater and greater amount of Americans are out of work. As much as the news outlets keep stressing the need for stabilization in the housing markets, many more people will loss their homes if they don’t have jobs to go to.
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The bailouts, Stimulus and Treasury measure are all designed to create, or keep jobs; [...]

Seems that people these days are just looking for bargains, or maybe just maybe, things have gotten to be too expensive. Whichever why you look at it, the simple luxury that many people have gotten use to, are just too much to bear when paychecks stop coming.�
“When Starbucks begins serving a new line of [...]

More bailout money might be needed for the US automakers, and although “I Love me some chevy’s”, I don’t get the point any more. It would be cheaper for all Americans to just buy the cars directly for full MSRP prices then to continue to throw money at these companies. At some point, and I [...]

Most people believed that the $ 787 Billion Stimulus Package would include some type of relief for people facing foreclosure. However the Package which passed the House and the Senate distinctly was missing any earmarked amount for such efforts.
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We now learn that the Obama administration has plans for an additional $ 75 billion dollar [...]