Word: credit
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...effort being spent on whipping companies into shape, though, there is much less energy going toward addressing the changing nature of foreclosure. HAMP was crafted to deal with the effects of the housing bubble: excessively easy credit let people buy homes they couldn't really afford and often with loans that carried spiking interest rates and payments...
...news article "Credit Union Robbed Quietly" incorrectly stated that the person who allegedly robbed the Harvard University Employees Credit was arrested after his bus was pulled over by the police. In fact, though a suspect was taken from a bus nearby, according to a witness who requested to remain anonymous, the person who allegedly robbed the bank is still at large, according to Harvard Police Sergeant Wilmon Chipman...
...there is such a thing as a classy way to rob a bank, we may be able to learn a little something from the man who ran out of the Harvard University Credit Union with an envelope full of cash Tuesday morning. The man allegedly marched into the bank only minutes before, seemingly unarmed, and presented the teller with a letter demanding cash...
...House and Senate leaders are looking at combining extensions of unemployment insurance, food stamps and health insurance for recently laid off workers (known as COBRA) with infrastructure investments and money for clean-energy projects. The Obama Administration has resurrected a proposal the President campaigned on: a $3,000 tax credit per new hire for small businesses, an idea that was dropped from the first stimulus because it would've been too easy for employers to manipulate by firing and rehiring workers. House Financial Services Committee chairman Barney Frank has proposed a $2 billion fund to help homeowners avoid foreclosure...
...leverage. (Those who have been displaced during Sri Lanka's long conflict are overwhelmingly Tamil and Muslim.) President Rajapaksa's supporters have already begun their election work in the north, and the opposition is likely to follow suit. The vote will be a referendum, not just on who gets credit for winning Sri Lanka's war, but who is more likely to bring a real and lasting peace...