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JPMorgan Chase's huge loss exposes the risky side of banks
The nation's biggest banks like to tout their low-cost checking accounts, extensive ATM networks and loans to home buyers and Main Street merchants.
"Investing in the places we all call home," a recent JPMorgan Chase television ad intoned. "This is the...Tags: Petroleum Industry, Federal Deposit Insurance Corporation, Federal Reserve, Citigroup Incorporated, Credit and Debt
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Retirees may find they don't qualify to refinance their mortgages
WASHINGTON — It's a mortgage problem that is likely to intensify as home-owning baby boomers by the millions shift into retirement: Although they may have significant financial assets tucked away in retirement accounts, their diminished monthly...Tags: Hartford (Hartford, Connecticut), Rockville (Bethlehem, Pennsylvania), Career and Workplace, Finance, Economy, Business and Finance
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Federal Reserve uses YouTube to promote free foreclosure reviews
It sounded like the biggest no-brainer in the history of bank screw-ups -- a free, government-sponsored review of foreclosure proceedings, with compensation for homeowners who suffered financial harm. As it turned out, so few borrowers responded that the...
Tags: Federal Reserve, Citigroup Incorporated, YouTube, Finance, Economy, Business and Finance
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Student loan debt overwhelms college graduate
Dear Liz: I owe $75,000 in student loans. It took me seven years to graduate from college due to a car accident that happened during my second year. I am now 30 and doing all I can, working 12 to 14 hours a day, but I'm not making any headway. Most if not...Tags: Students, Consumers, Teaching and Learning, Liz Weston, Finance
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Hammer biennial lends artists a helping hand
Until this year, Vishal Jugdeo's videos were dramatically low-budget affairs. The artist had a crew of two, counting himself and a director of photography and not counting actors whom he occasionally asked to hold a boom pole. He used his small studio...
Tags: Mexico, Billy Wilder, Artists, Fine Artists, U.S. Department of Agriculture
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Karl Rove spends $10 million on a smart, mendacious attack ad
There’s a reason George W. Bush called Karl Rove “Boy Genius.” When it comes to attack ads, no one is smarter. Bush also had another nickname for his chief political guru, “Turd Blossom.” Given the high level of B.S. in...
Tags: Jeremiah Wright, William Henry Harrison, Republican Party, Bain Capital, LLC, Thomas Jefferson
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Fannie Mae earned $2.7 billion in quarter, doesn't' seek aid
U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It's the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial...Tags: Freddie Mac, Companies and Corporations, Mortgages, Finance, Economy, Business and Finance
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Student loans and Social Security taxes: a poor fit
Democrats have seized on a looming increase in the interest rate on certain federal student loans as their latest wedge issue, hoping to portray Republicans as caring more about the wealthy than they do about working-class and middle-income college...
Tags: Harry Reid, Republican Party, Science and Technology, Finance, Economy, Business and Finance
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South Africa sneaker maker laces up for a hard run at success
JOHANNESBURG, South Africa — For a Soweto boy, he had a lot of sneakers. He remembers the joy of that first pair. They had to be red. Walking out of the shop carrying a cardboard box with the sneakers, Sifiso Dlamini, at 12, took the first steps on...
Tags: Business Enterprises, South Africa, Johannesburg (South Africa), Banking, Africa
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Graduating collegians cope with student debt in a weak economy
College graduation is typically a time to tally accomplishments and to look ahead. But for many graduates, it is also a time to tally student loans and figure out how to repay them.
About two-thirds of college graduates have some student loans to pay...Tags: Employment Opportunities, Teaching and Learning, Career and Workplace, Finance, Economy, Business and Finance
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Bernanke: Banks are stronger, but mortgage lending is sluggish
WASHINGTON -- American banks have made significant strides in boosting their financial health since the recession, but the same cannot be said of their lending activity, especially for home mortgages, Federal Reserve Chairman Ben S. Bernanke said. In a...
Tags: Services and Shopping, Mortgages, Finance, Economy, Business and Finance, Real Estate
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FHA may loosen limits on condo mortgages
WASHINGTON — Thousands of condominium owners and buyers around the country could soon be in line for some welcome news on mortgage financing: Though officials are mum on specifics, the Federal Housing Administration is readying changes to its...Tags: Realty, Condos, House Building, Rockville (Bethlehem, Pennsylvania), Finance
May 31, 2012
|Story| Los Angeles Times
May 27, 2012
|Story| Los Angeles Times
May 27, 2012
|Story| Los Angeles Times
May 27, 2012
|Column| Los Angeles Times
May 25, 2012
|Story| Los Angeles Times
May 25, 2012
|Story| Los Angeles Times Exclusive
May 9, 2012
|Story| AP Member Choice Complete
May 9, 2012
|Story| Los Angeles Times
May 10, 2012
|Story| Los Angeles Times
May 20, 2012
|Story| Los Angeles Times
May 10, 2012
|Story| Los Angeles Times
May 20, 2012
|Story| Los Angeles Times
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