Financial Oversight is Broken | Obama Proposes Fix
Change it, rearrange it
Why has America’s economy gone down the tubes? Why is it taking so long for it to crawl its way up and out of the porcelain bowl? There are many ways to answer these questions, but most will tell you that a lack of oversight and unwise [...]
Short Term Loans a Reliable Funding Options for Quick Cash
Bank testing results
Short term loans are still the easiest ways for qualified borrowers to find cash fast. It used to be banks provided money to people in need. Today things are different. The Treasury just released the results of stress tests done on the 19 largest banks in America. The [...]
Fed Announcement Reveals Plans to Buy Securities
Federal Reserve aims to lower interest rates
The United States Federal Reserve said today that it will spend another $1.2 trillion to stimulate the economy. The Fed’s announcement has already caused stocks and oil prices to rally.
The Fed said in its announcement that it is trying to lower interest rates and [...]
Obama Plan Aims to Aid Small Businesses
Banks urged to lend
President Barack Obama today announced a plan to help get “the heart of the American economy” beating regularly again. Much of the effort is aimed at encouraging banks that received bailout money to give small business loans.
Why small businesses?
Obama stressed that small businesses were responsible for 70 [...]
Obama’s Hiring Woes | Another Top Treasury Pick Withdraws
Third candidate out of the ring
President Obama’s trouble filling his cabinet appears to be far from over. Three candidates for top positions in the United States Treasury have withdrawn from consideration.
Deputy Treasury Secretary pick H.Rodgin Cohen was the most recent to drop out of the process before he was even officially nominated.
Tangled web
There’s no [...]
New Government Program Offers Loans to Individuals, Businesses
Fed plans to profit from loans
Well, it seems the feds are so fed up with the lending world, they’ve decided to take matters into their own hands.
The Federal Reserve and the U.S. Treasury have started a new program through which consumers and businesses can take out loans directly from them.
Know [...]
Treasury Unveils “Stress Test” For Banks
Obama reveals the secret formula
At what point will the government step in and take control of failing banks? That’s a question that a lot of Americans have been wondering about lately, and all we’ve known up to this point is that President Obama has made reference to a “stress test” [...]
Payday Loans Help. They Do Not Make You.
Sugar always brings them back
Payday loans are a useful tool for emergency funds, but they should not be used as a crutch upon which a person relies in order to make ends meet. To suggest otherwise would be irresponsible; they are a short-term tool, not a long-term safety net for [...]
Treasury Details Cash Advances to Banks
Banks get cash advances from government
The Treasury seems to be determined to make good on its promise to report all the cash advances it gives to banks using bailout money. Today it reported that it has dispersed $1.15 billion between 42 banks within the United States.
Biggest cash advances
Banks in 25 [...]
Fed Ready to Buy Treasuries | by Your Online Payday Loan Store
Federal interest rate stays at zero
Your online payday loan store keeps you informed about the nation’s financial crisis.
The Federal Reserve recently has changed its focus from interest rates to emergency credit programs. Today it announced it is ready to start buying Treasury securities in order to resuscitate lending. The federal [...]
Treasury Blasted for Use of TARP Funds | by Payday Loans Source
While some Americans were taking out small payday loans just to buy groceries, the U.S. government approved a plan to give the Treasury $700 billion to resolve the housing crisis. Now a congressional watchdog panel is saying the Treasury has done nothing to ensure the money was used to stabilize [...]
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