After Emerging From Bankruptcy Washington Wants To Know Why GM Is Jumping Back Into High Risk LoansMonday, July 26, 2010 @ 3:04PMGeneral Motors Co. , the automaker 61 percent owned by the U.S. Treasury, is facing criticism over its decision to pay $3.5 billion to buy a lender that specializes in auto loans to shoppers with less than top-notch credit.
US borrowers are better managing household debtSunday, July 25, 2010 @ 3:31AMNEW YORK - Americans are slowly regaining control of their household budgets.
Financial reform changes some rules on Main Street and Wall StreetSunday, July 25, 2010 @ 3:20AMWASHINGTON — President Barack Obama on Wednesday signed into law the most wide-ranging reforms in the U.S. financial system since the 1930s.
The value of finer arithmeticSaturday, July 24, 2010 @ 1:43PMSudhir Vishwakarma thought buying a two-wheeler was well within his budget. After all, he had saved Rs 40,000 and needed just Rs 15,700 for the Honda Twister. He was mistaken. The dealer offered him a loan product with an equated monthly instalment (EMI) of Rs 1,719 for 12 months.
GM's purchase of subprime lender rubs lawmakers wrong wayFriday, July 23, 2010 @ 10:59PMGM's purchase of subprime lender rubs lawmakers wrong way