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John Taylor - Chicago Tribune
Times of emergency produce demands for action, and Barack Obama does not need to be urged twice. Weeks before taking office, he wants Congress to pass a fiscal stimulus bill costing a half-trillion dollars or so, and his allies on Capitol Hill will ...

Californians in Foreclosure May Have Something to be Thankful for - Eastern Group Publications
With California’s large budget gap and unemployment rate souring at 8.2 percent, according to the U.S. Department of Labor, it seems as if there is little hope this holiday season for an economic turnaround. But for some, all may not be lost ...

Letter: Mortgage crisis might have been worse without CRA - Salem News
So Taylor Armerding has joined the conga line of conservatives blaming those darn liberals and their do-goodin' ways for the current economic mess ("Nothing 'free' about market that led to our economic downfall," Viewpoint, Thursday, Nov. 27 ...

Low rates breathe life into mortgage market - Columbus Dispatch
A recent half-percentage-point drop in 30-year home loans is jolting a mortgage market that has been weighed down by a nose-diving economy and troubled credit markets. Mortgage applications were up 112 percent during the week that ended Nov. 28 ...

Loan crisis goes commercial - Myrtle Beach Online
WASHINGTON -- Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events ...

Taylor Armerding: 'Free market' never had a chance - Newburyport Daily News
I keep hearing that our current economic meltdown is proof that the "free market" doesn't work. Oh, please. Since when have we had a truly free market? If our current troubles prove anything, it is that the free market hasn't been given a chance to ...

Paulson Considers New Plan to Lower Mortgage Rates (Update3) - Bloomberg
Dec. 3 (Bloomberg) -- Treasury Secretary Henry Paulson is considering a new plan to lower mortgage rates in an effort to resuscitate the U.S. housing market, a government official said. The Treasury, which already has a program to buy mortgage ...

Mortgage relief gets stuck - Cape Cod Times
NEW YORK — The federal government keeps bailing out the financial industry, but some working in that world seem reluctant to do their part, even if that could help stem the financial system's meltdown. At the center of today's economic and credit ...

Taxpayers on hook for loan to execs at Regency - Des Moines Register
Iowa taxpayers are now among the creditors waiting to get their money back from executives of the defunct Regency business group. Regency officials James Myers, Robert Myers, Richard Moffitt and John Gamble owe the state for a $448,000 loan obtained ...

New crisis in commercial real estate looms - MSNBC
Nov. 26: President-elect Barack Obama announced a new Economic Recovery Advisory Board to be headed by former Fed Chairman Paul Volcker. NBC's Savannah Guthrie reports. WASHINGTON - The full scope of the housing meltdown isn’t clear and already ...