Word: cnbc
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...program is voluntary, there are early signs that it might be the kick in the pants needed to get servicers to more aggressively rewrite loans. At a mortgage bankers' conference in Tampa, Fla., on Wednesday, servicers praised the incentive structure, and Jamie Dimon, CEO of JPMorgan Chase, went on CNBC to say he thought the plan would "lead to a lot more modifications." An earlier effort to spark loan rewrites proved to be a flop, but the Administration thinks this new program could reach 3 million to 4 million homeowners. The plan also includes an endorsement of the idea that...
...Before explaining the nuts and bolts of Strata's structure, it may be wise to put down your Blackberry, mute your CNBC program and turn down your iPod. This stuff is very tricky, perhaps far more so than any investment should be. That's part of the problem. (See the worst business deals...
Obama advisers say there is still plenty of time to create a bill that can attract more Republican support. "I think you will see it get better," Vice President Joe Biden said in an interview Thursday on CNBC. "And I also think you will see Republicans voting for it." House Republican leaders also claim to be optimistic that a better compromise can be created. Just hours after the House vote Wednesday night, Representative John Boehner, who leads the GOP caucus, joined Obama at a White House cocktail reception. According to aides, Boehner told the President not to take the House...
...Geithner, on the basis of his salary, would have had to spend at least $8,000 on home office equipment. But that shouldn't be too tough. If you are the head of the New York Fed, a 73-in. high-definition television ($3,000 and up) to watch CNBC is a legitimate business expense, right...
Obama considered a stimulus ranging from $800 billion to $1.3 trillion, he said in an interview with CNBC on Jan. 7. By choosing a stimulus package on the lower end of that range, he avoids a fight with Republicans in the senate. Instead, Democrats like Sen. John Kerry and Sen. Kent Conrad have been critical of the bill. Obama wants a bill passed with 80 votes, clear bipartisan support, but that vision has shrunk the bill, rendering it much less effective. As a result, Obama risks alienating his Democratic base. Many Democratic senators have shown clear disapproval about the plan?...