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...qualify for such a loan, the receiving company should be barred from granting executive bonuses or paying dividends to investors until the loan (and interest) is repaid. This would infuse the needed money into the system and free up credit markets. But in the long run, it would cost taxpayers nothing. Robert P. Hebbel, North Oaks, Minnesota...

Author: /time Magazine | Title: Inbox | 10/9/2008 | See Source »

...Their pleas bought Lincoln more time, but the company was ultimately seized by the FHLBB two years later. Its bailout cost taxpayers over $3 billion; thousands of Lincoln investors lost their life savings...

Author: /time Magazine | Title: The Keating Five | 10/8/2008 | See Source »

...could afford whichever one he chose. But like millions of American consumers, Groening decided that any new debt right now is just too risky. So on Friday he walked across the street to Ganley's used-car dealership. There he found a 2007 Impala with 13,000 miles that cost $5,000 less than new one. At that price, he could pay cash. "Now's a good time to buy, but it's a bad time to borrow," Groening, 75, said on Tuesday as the continuing credit crisis dominated the news...

Author: /time Magazine | Title: Cleveland's Crisis: Cars Aren't Moving | 10/8/2008 | See Source »

...plate, increasingly offering such user-friendly options as online aid calculators to give each student a personalized estimate. Molly Corbett Broad, president of the American Council on Education, says the down economy could accelerate such reforms, which could ultimately "go a long way to demystify the cost of colleges...

Author: /time Magazine | Title: Colleges Getting Hit by the Credit Crunch | 10/8/2008 | See Source »

...Maybe so; Brown cuts a convincing figure abroad. But he finds it harder back home to win over doubters to a plan that could cost British taxpayers dearly, though he promises they may eventually earn dividends from the investments backed with their own money. Yet the crisis has had a bracing effect. A recent mutiny against his leadership in Labour ranks evaporated after a bold Cabinet reshuffle, and rebels shrank back from a coup attempt at such a tense time. "Who would have dreamed that a financial crisis would have given Labour a lifeline?" former Home Secretary David Blunkett wondered...

Author: /time Magazine | Title: British Bank Bailout: Is It Enough? | 10/8/2008 | See Source »

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