Chris Arnold archive

Tuesday, November 17, 2009

Economy

Watchdog Says Fed Paid Too Much In AIG Bailout

AIG logo

November 17, 2009 The Federal Reserve could have paid less to banks that made risky deals with insurance giant AIG, a government watchdog reports. Treasury officials say the Fed was acting to avert a crisis and that it needs better financial regulatory tools.

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On All Things ConsideredPlaylist

Tuesday, November 03, 2009

Economy

Housing Advocate Takes Foreclosure Help On Tour

Bruce Marks, CEO of the Neighborhood Assistance Corporation of America

November 3, 2009 Bruce Marks has been running a nationwide tour to help people avoid foreclosure. Stopping in Las Vegas, Phoenix and San Francisco, the tour has managed to lower loan payments for nearly 100,000 homeowners so far.

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On All Things ConsideredPlaylist

Tuesday, October 20, 2009

Economy

Treasury Dept. Unveils Program To Fund Mortgages

October 20, 2009 Homebuyers could benefit from a program unveiled Monday by the Treasury Department. The goal is to provide hundreds of thousands of affordable mortgages for working families, and to allow the development or rehabilitation of tens of thousands of affordable rental properties.

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On Morning EditionPlaylist

Saturday, October 17, 2009
Thursday, October 15, 2009

Business

Small Businesses Squeezed As Banks Limit Lending

Carlo and Erin Bacci, owners of The Chocolate Truffle in Swampscott, Mass.

October 15, 2009 With U.S. unemployment near 10 percent, small businesses — which the government says created 64 percent of new jobs in the past 15 years — will need to play a major role in the recovery. But, as they try to gear up for the holidays, some owners — like The Chocolate Truffle's Carlo Bacci — say banks and credit card companies are stunting their growth.

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On Morning EditionPlaylist

Thursday, October 08, 2009
Saturday, October 03, 2009
Wednesday, September 30, 2009
Monday, September 28, 2009

Business

New Home Appraisal Rules Rankle Industry

September 28, 2009 Many real estate agents and home appraisers are complaining that new rules for appraisers are having an unintended consequence: a lot of bad appraisals. Many agents and mortgage brokers say problems are delaying sales and refinancings, and could be costing homeowners up to $3 billion each year.

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On All Things ConsideredPlaylist

Thursday, September 17, 2009
Thursday, September 10, 2009
Wednesday, September 09, 2009

Financial Crisis: One Year And Counting

Major Banks Still Grappling With Foreclosures

A foreclosure sign sits outside a home for sale in Phoenix, Feb. 17, 2009.

September 9, 2009 One year after the financial crisis hit, the foreclosure mess hasn't improved. Economists repeatedly have said that preventing foreclosures is good for the housing market and the economy. But despite a major effort by the Obama administration, many loan modifications aren't going through.

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On Morning EditionPlaylist

Friday, September 04, 2009

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