Government Archive


The Bailouts Continue - Life Insurance Receives Next Lifeline

Sunday, April 12th, 2009
RISMEDIA, April 13, 2009-(MCT)-The Treasury Department confirmed that life insurers are qualified to join banks and carmakers on the list of industries getting taxpayer bailouts. ...
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American Taxpayers Planning to Save Rather Than Spend

Monday, March 30th, 2009
RISMEDIA, March 31, 2009-As the tax deadline approaches, many Americans have refunds on their mind. While the arrival of a refund once meant a shopping spree to many, this year, Americans are skipping the spring sales to boost their savings and eliminate debt, according to a new survey released by ...
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Federal Reserve’s Announcement Spurs Refinance Activity in Latest MBA Weekly Survey

Wednesday, March 25th, 2009
RISMEDIA, March 26, 2009-The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending March 20, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1159.4, an increase of 32.2% on a seasonally adjusted basis from 876.9 one week earlier. On an ...
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Some Experts Unsure Whether Federal Buy-Up of Bank Debt Will Work

Tuesday, March 24th, 2009
RISMEDIA, March 25, 2009-(MCT)-Yesterday's announcement by Treasury Secretary Timothy Geithner that disclosed the details of the long-awaited and highly-anticipated $1 trillion plan to relieve the nation's banks of the bad debt that has crushed lending and helped put the country into a recession has some economists and business experts unsure ...
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Treasury Delivers Details of ‘Toxic Asset’ Treatment Plan

Monday, March 23rd, 2009
RISMEDIA, March 28, 2009-(MCT)-Treasury Secretary Timothy Geithner took the wraps off a long-awaited key component of the Obama administration's bank rescue plan, detailing a public-private partnership to buy up the so-called toxic assets that are polluting bank balance sheets. ...
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Banks Lend Heavily to Insiders Amid Credit Crunch, Bailouts

Monday, March 23rd, 2009
RISMEDIA, March 24, 2009-(MCT)-Insider lending amid a credit crunch and bailouts is not as uncommon as many would believe, as banks nationwide hold $41 billion in loans to directors, top executives and other insiders, a portfolio that experts say should be stripped of secrecy. ...
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