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Republicans at odds with business on Capitol Hill

Republicans at odds with business on Capitol Hill

Traditional ties between the business community and the Republican Party are fraying on Capitol Hill, where the House GOP has bucked corporate interests on a series of priorities this year,…

Mortgage lenders now cast themselves as saviors

Mortgage lenders now cast themselves as saviors

PacWest Funding’s CEO watched in late 2007 as rival mortgage brokerages, banks and collaborators collapsed under the weight of the declining housing market. Fearing his company would be next, Curtis…

There’s a party going on…but will it be a boom or a bust

There’s a party going on…but will it be a boom or a bust

A bout of profit taking seems likely early next year after the S&P 500 ended its best December in almost two decades, but stocks may have further to run at…

That dream home you bought in foreclosure might not be yours

That dream home you bought in foreclosure might not be yours

It seemed too good to be true: You bought a house in foreclosure at a fraction of the former price. Maybe you even knocked out a wall or two and…

The high cost of living without a bank

The high cost of living without a bank

The nickel-and-diming never stopped. The fees were constant: $28 to cash a paycheck. $1.50 for a money order. A dollar or more every time I swiped the prepaid cash card…

End of TARP leaves small banks scrambling to repay

End of TARP leaves small banks scrambling to repay

The U.S. government’s $700 billion bailout of the financial system has become a form of long-standing aid for many of the nation’s small and regional banks, even as the program…

Foreclosures rise again

Foreclosures rise again

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of…

Foreclosures surge

Foreclosures surge

The number of U.S. homes lost to foreclosure surged in July, another sign lenders are moving quicker to take back properties from homeowners behind in payments. Lenders repossessed 92,858 properties…

Obama signs Wall Street reform bill

Obama signs Wall Street reform bill

President Barack Obama signed into law on Wednesday the most comprehensive financial regulatory overhaul since the Great Depression, vowing to stop risky behavior on Wall Street that imperiled the U.S.…

Oil leak plugged…for now

Oil leak plugged…for now

Now the wait begins. BP has finally gained control over one of America’s biggest environmental catastrophes by placing a carefully fitted cap over a runaway geyser that has been gushing…

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