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Citi to Cut 50,000 Jobs, Hike Credit Card Rates - Smart Money
NEW YORK (Dow Jones) -- Citigroup Inc. (C) will announce job cuts of up to 50,000 through attrition and layoffs as Chief Executive Vikram Pandit addresses employees in a town hall-style meeting Monday morning, according to reports. Fox Business ...

Stocks fall as fate of automakers hangs in balance - Fox11AZ
NEW YORK (AP) -- Wall Street turned sharply lower Wednesday, as a bailout of Detroit's Big Three automakers appeared stalled on Capitol Hill, and another round of downbeat economic news further disheartened investors. The Dow Jones industrials fell ...

The Subprime Good Guys These mortgage lenders loan to poor people ... - Slate
The ethical subprime-lending industry helps people buy houses they can afford In recent months, conservative economists and editorialists have tried to pin the blame for the international financial mess on subprime lending and subprime borrowers. If ...

Collateralized Debt Obligation - FoxBusiness.com
Welcome to the major leagues of debt. Collateralized debt obligations, almost always referred to as a CDOs, are horrendously complicated deals that often leave anyone without a MBA wondering what was put into these CDOs. The first thing to understand ...

Does Extreme Stress Signal an Economic Snapback? - Barron's Online
NOT MANY PEOPLE ARE JUMPING OUT OF WINDOWS on Wall Street or selling apples on corners, but investors are getting a bitter taste of what happened in the aftermath of the 1929 market crash. The brutal 2008 bear market deepened last week as the Dow ...

Think US Is Moving Far Left? That Terrain's Not Even Close - Common Dreams
The infernal machinery of reactionary America -- the editorial page of The Wall Street Journal and its animatronics version on Fox News, The Weekly Standard, the nasal intellects of talk radio like Rush Limbaugh and Sean Hannity -- would have you ...

Rescue Me - Wall Street Journal
Paul Gigot: Coming up next "The Journal Editorial Report," world leaders gather in Washington to address the global financial panic as the Bush administration announces a retooling of its $700 billion rescue plan. U.S. Treasury Secretary Henry ...

More analysts see bleak fourth quarter at Goldman, M.Stanley - MSN MoneyCentral
BANGALORE (Reuters) - Citigroup's Prashant Bhatia and Bernstein Research's Brad Hintz on Monday joined the ranks of analysts forecasting a fourth-quarter loss at Goldman Sachs , as they expect the company to be hurt by significant writedowns amid ...

FHA: The new Fannie Mae - Hotair.com
They’re baaaa-aaack . The same people who engineered a global financial meltdown with bad loans covered by government backing have begun exploiting the Federal Housing Administration in the same manner as Fannie Mae and Freddie Mac. Lenders who ...

In Philadelphia region, existing-home sales down 21.1% - Philadelphia Inquirer
Existing-home sales in the eight-county Philadelphia region fell 21.1 percent year-over-year in the third quarter, while median prices eroded a scant 2.6 percent, data released yesterday show. Nationally, however, sales were down just 7.7 percent ...