It was the fight for racial justice in South Africa by Mr. Mandela that first inspired a young Barack Obama to public service, the New York Times reports.» Read More
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg1100100010lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse The "cure" for the housing virus is so far outside the bounds of our political and economic sensibilities that we can take it off the table. A real cure would require spending nearly an order of magnitude more than what was announced yesterday, and it would involve bailing out the very worst actors in this drama.
As the economy continues to struggle, the public is growing increasingly concerned about losing jobs, not having enough money to pay the bills and seeing their retirement accounts shrink, according to an Associated Press-GfK poll.
Wall Street talking heads got you baffled? Cramer debunks 10 myths to help you separate fact from fiction.
On Wednesday the White House unveiled its new plan to help homeowners on the brink. We’ve got the details – now will it work?
Stocks limped to the finish line Wednesday as broad strokes on the bank plan from Bernanke failed to comfort the market.
The Obama administration's housing plans help struggling homeowners and provide incentives to loan servicers to rewrite mortgages, JP Morgan Chase CEO Jamie Dimon said.
The Obama housing plan is aimed at “rescuing families who played by the rules and acted responsibly…it will not rescue the unscrupulous or irresponsible by throwing good taxpayer money after bad loans.” Well here’s the problem: the rules have changed.
President Barack Obama on Wednesday pledged up to $275 billion to help stem a wave of home foreclosures that sparked the U.S. financial meltdown...
As the situation has become more dire, and as bank stocks again swoon as regulators are descending upon the banks to begin collecting data for Treasury's "stress test," the word "nationalization" is being heard on the Street as a legitimate alternative to the plans that have been floated. It’s a sign of how worried—desperate—the Street has become.
The new Obama housing plan is going to give a break to those who least deserve it: people who bought more house than they can afford. It will reward those who made all the wrong decisions.
We found out today that Obama's new housing plan is not only catered to those in danger of foreclosure, but also to millions of homeowners who did things right.
Yes, the numbers are staggering. Anytime a company says it may need up to another $16.5 Billion to fix its business, there's no way to sugar coat it.
President Obama's much-anticipated plan to deal with the U.S. housing crisis aims to help as many as 9 million families avoid foreclosure on their homes, one of the root causes of the global financial meltdown.
Futures pointed higher Wednesday as investors looked to scoop up some bargains after the previous session's selloff and shrugged off another dismal housing data point.
His massive stimulus plan now signed into law, President Barack Obama is turning to attack the home foreclosure crisis at the heart of the nation's deepening economic woes.
We have seen these days often in the past month. Stocks start lower on heavy volume (it looked like we might do 2 billion shares at the NYSE at the open), but very quickly the selling pressure eased, and an old-fashioned buyers strike ensued.
Today's signing of the stimulus plan signals that grandiose has won the day versus common sense experience, says Andrew Busch.
President Obama’s plan to reduce the flood of home foreclosures will include a mix of government inducements and new pressure on lenders to reduce monthly payments for borrowers at risk of losing their houses, reports the New York Times.
Futures are down in the U.S., European banks are weak in Europe, bonds are up, and gold and other precious metals are rallying; gold at $966 this morning is continuing its slow march to $1,000 an ounce. It briefly climbed over $1,000 in March of 2008
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