Category Archives: Repay

Bank bailout turns a profit

By doris | Published: March 30, 2011

Full Story at money.cnn.com The bank bailout — part of the Troubled Asset Relief Program — is now $6 billion in the black, a profit that might ultimately rise to $20 billion, according to the Treasury. And that’s nice. But if you look at the whole program, there are still some trouble spots, and not [...]

Also posted in America, Assets, Bailout, Banking, Business, Financial, Loans, Money, Pay Back | Leave a comment

China: The new landlord of the U.S.

By doris | Published: January 18, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — If you owed somebody a lot of money, let’s say for the sake of argument nearly $900 billion, you probably wouldn’t want to make this creditor angry, right? Tell that to President Obama, Treasury Secretary Tim Geithner and several members of Congress.

Also posted in America, Banking, Business, China, Credit, Economy, Government, Money, Safety | Leave a comment

Student loans leave crushing debt burden

By doris | Published: December 22, 2010

Full Story at  msnbc.com The cost of a college education is rising faster than the cost of medical care and as much as three times as fast as consumer prices in general. But that’s just the beginning of the price of admission. This is the story of a debt crisis few are talking about. Americans [...]

Also posted in America, College, Economy, Financial, Money, School | Leave a comment

Manage your money like a woman

By doris | Published: November 9, 2010

Full Story at Money.cnn.com Sure you want to help your children. But women too often lend a hand at the expense of their own long-term security: Half of female breadwinners say they’ve cut back on saving for retirement to spend more on their kids and grandkids, according to Ameritrade. If your adult child is having [...]

Also posted in America, Credit, Financial, Money, Spending | Leave a comment

BP claims could be under $20 billion

By doris | Published: September 15, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Total claims against BP could end up being less than the $20 billion the company pledged to set aside, according to incoming Chief Executive Robert Dudley. A Citigroup (C, Fortune 500) report said that analysts met with Dudley, who told them “that given current estimates of claims [...]

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You lost your house – but you still have to pay

By doris | Published: February 4, 2010

Full Story atmoney.cnn.com Former homeowners may still be on the hook if there’s a difference between what they owed on their mortgage and what the bank could sell it for at auction. And these “deficiency judgments” are ticking time bombs that can explode years after borrowers lose their homes. It can even happen to people [...]

Also posted in Banking, Foreclosure, Home, Money | Leave a comment

Wells Fargo to repay $25 billion bailout

By doris | Published: December 16, 2009

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Wells Fargo said Monday it has reached an agreement with the government to return $25 billion in bailout money it received during last year’s financial crisis. The San Francisco-based bank said repayment of the funds is contingent on a $10.4 billion common stock offering.

Also posted in Bailout, Banking, Government, Market, Money | Leave a comment

Wells Fargo, Citigroup to repay bailout funds

By doris | Published: December 15, 2009

Full Story at msnbc.com Two of the nation’s largest banking institutions have announced that they will repay the public bailout money, freeing them from the close scrutiny and pay restrictions that came with the rescue program. Wells Fargo plans to sell $10.4 billion in new stock to help repay all $25 billion in bailout aid [...]

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Tax credit is coming back to bite millions

By doris | Published: November 17, 2009

Full Story at  msnbc.com WASHINGTON – More than 15 million taxpayers may owe the government $250 or more because of how the IRS last spring set up President Barack Obama’s tax break that was designed to help consumers spend the U.S. economy out of recession. Individuals with more than one job and married couples in [...]

Also posted in America, Financial, Government, Money, Refund, Tax, Tax Returns | Leave a comment

Source: GM to begin repaying aid by year-end

By doris | Published: November 16, 2009

Full Story at msnbc.com WASHINGTON – General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount by 2011, four years ahead of schedule, according to a person familiar with the matter. The government debt represents about 13 percent of the [...]

Also posted in Auto, Bailout, Business, GMC, Money | Leave a comment