WPRI-TV reports that the quasi-public agency that oversees the loan program, Commerce RI, alerted the governor's office last month that there was not enough money to pay back $2.25 million remaining on the $3.7 million loan received by North Kingstown- based The Corporate Marketplace in 2011.. The same program was used to get a $75 million loan in 2010 by 38...» Read More
Withdrawing money from a retirement account can carry a high price. Besides jeopardizing long-term savings, withdrawals can incur a 10 percent penalty. Still, if you’re in a financial pinch there are some options for cracking your nest egg that are better than others.
America is in the midst of physical decline. Decades of infrastructure neglect are eroding centuries of economic progress. Call it: The Great Regression.
"When I look at Zuccotti or McPherson or Grant Park, I’m not surprised the Occupiers don’t have a fixed agenda, writes the best-selling author," adding, "For decades, we’ve been like a tether ball in a schoolyard, pummeled by so much abuse from so many different directions that we’ve just spun around in circles. Now, the Occupiers are stopping the ball."
CNBC's Scott Cohn has the story on why student loans is sparking anger and driving the Occupy Wall Street movement.
President Obama’s proposal to expand access to mortgage refinancing has reignited a debate about the appropriate role for government in supporting the housing market. Some economists argue that the best way to spur the recovery is to stop intervening, let matters run their course, and allow home prices to normalize naturally.
Richard Bove, Vice President of Equity Research, Rochdale Securities shares details of the FHFA lawsuit against Bank of America.
Small businesses are still struggling to get financing, and that has many entrepreneurs wondering how to go about getting the cash they need to either start or maintain their business.
In 2010 it took almost a whole year to get $1 trillion loan volume. This year it took barely seven months.
At the height of the financial crisis, the Federal Reserve evoked emergency powers to make loans to Wall Street firms without bothering to adequately explain the legal grounds for those loans.
Mortgage industry employees are still signing documents they haven't read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.
Fame ain't no thing for JPMorgan.
Bank of America sure talked tough when it came to fighting claims by investors that it should buy back soured mortgages securities.
There's just not enough funds to go around in New Jersey. Meredith Whitney, Meredith Whitney Advisory Group, weighs in on the Garden State's decision to take out a bank loan to pay its bills.
For anyone who has computed taxes, “tax brackets” are a familiar term -- but how they work can be complicated. Salman Khan of the Khan Academy breaks down and explains the U.S. income tax schedule.
Choosing where to put your money is one of the most important decisions you can make. When you have the option to invest or to pay off debt, which do you choose? Salman Khan of the Khan Academy outlines the best ways to get yourself into good financial shape.
The science fiction website io9 reports on a new study of microlending that finds that microloans work very differently than advertised.
China's May lending data have put policymakers in a dilemma over whether to tighten, loosen or pause monetary policy, according to Barclays Capital.
Discussing the chance of a subprime mortgage crisis in the banking industry, with Jeffrey Gundlach, DoubleLine Capital CEO.
When Credit Suisse bankers were debating with mortgage brokers over the stated income of a stripper who had purchased a $1 million home, they probably should have brought in an expert.
A debate about loan on a $1 million home loan home made to a stripper in Charlotte, North Carolina has turned up in the bond insurer MBIA’s case against Credit Suisse.