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The right blames the credit crisis on poor minority homeowners. This ... - Slate
Second, many of the biggest flameouts in real estate have had nothing to do with subprime lending. WCI Communities , builder of highly amenitized condos in Florida (no subprime purchasers welcome there), filed for bankruptcy in August . Very few of ...

Congress makes getting student loans easier - Reno Gazette
The economic crisis is sending more Nevada families and students searching for ways to cover their portion of college costs, but recent action by Congress will make it easier for them to borrow tuition money through 2010. "What we are seeing overall ...

A new big lie by the GOP - Salon
I've been wanting us to write on the right-wing effort to blame the mortgage crisis on the Community Reinvestment Act and other efforts to bring homeownership to lower-income, minority Americans, but this piece by Slate's Daniel Gross is so great I'm ...

Gordon Brown vows to sue Icesave to get savers' money back - Times Online
Gordon Brown today vowed to protect British savers who face losing money in the Icesave online bank which collapsed yesterday, and threatened legal action against the Icelandic authorities to force it to honour its obligations. Icesave, the online ...

Treasury: no British savers will lose cash from Icesave collapse - Times Online
The Treasury today guaranteed that no British customers of Icesave would lose their savings after the Icelandic online bank collapsed yesterday. The Prime Minister issued a blanket guarantee that the 300,000 UK customers would get all their money ...

"That one?" - Salon
I knew Sarah Palin lost the VP debate when she failed to acknowledge Joe Biden's pain over losing his fanily. John McCain's gaffe just now wasn't so awful or inhuman, but it was equally tin-eared. He called Obama "that one." Really. Asking if the ...

Subprime Suspects - Newsweek
Wall Street's problems have captured the attention of Congress, the White House and the media. But on the country's Main Streets, worried workers, struggling small business owners and cash-strapped families are wondering if anyone is paying attention ...

7:20 a.m.: Fed orders emergency rate cut - Herald-Bulletin
WASHINGTON — The Federal Reserve cut a key interest rate by half a percentage point Wednesday to steady an economy teetering on the kind of financial collapse that America suffered in 1929. Fed Chairman Ben Bernanke and his colleagues ratcheted ...

Barney Frank Says Race a Factor in Subprime Blame Game - ABC News Blogs
The Chairman of the House Financial Services Committee, Rep. Barney Frank, D-Mass., yesterday said Republicans are misplacing blame when they target Democrats' efforts to expand affordable housing -- and Frank alleged there was a racial component to ...

McCain’s $300 Billion Mortgage Plan: Better Than the $700 Billion ... - Wall Street Journal
At Monday night’s Presidential Debate, John McCain dropped an economic bomb: he suggested that the U.S. Treasury should buy up mortgages and renegotiate their terms . Republican presidential candidate Sen. John McCain speaks at the town hall-style ...