Word: crediteers
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...England's momentum quickly disappeared. The Jets won the coin toss and marched down the field to kick a field goal. Give New York credit for scoring, and sure New England could have gotten the ball back if its defense had "won" that particular part of the game. But why shouldn't the NFL give the Pats, and other teams like it, a chance to score too? Even a couple of NFL coaches this season have decided the the random nature of overtime can be too risky; twice so far, teams which scored a last second touchdown and could send...
Treasury Secretary Henry Paulson's latest plan for the $700 billion bailout fund has many economists responding like Seinfeld's Soup Nazi, "Next!" They say the idea of using funds approved by Congress in early October to stimulate credit card and auto lending is ill advised and unnecessary...
...What's more, industry watchers say credit card and auto lending has actually held up quite well despite the credit crunch. According to market research firm Synovate, the average consumer probably has a higher limit and therefore can spend more on their credit card than they could a year...
...data shows that people have still have more access to credit than ever before," says Andrew Davidson, a VP at Synovate. "Some companies are pulling back credit to riskier borrowers, but for the industry as a whole, access and usage of credit cards is at record levels...
...TARP-and-switch. The Treasury Secretary said he was backing away from using a large portion of the $700 billion Troubled Asset Relief Program fund to buy up troubled mortgage bonds. Instead, Paulson said he was more interested in helping the currently stalled market for financing among other things credit card and auto loans...