online.wsj.com - 11/25/2008
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Treasury Secretary Henry Paulson, seeking to ease strains in the consumer credit market, plans to announce Tuesday the formation of a program to increase the availability of auto loans, student loans and credit cards, according to people familiar with the matter. The lending facility, which will ...
bloomberg.com - 11/25/2008
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bloomberg.com —
Nov. 25 (Bloomberg) -- The U.S. Treasury and
Federal Reserve will unveil as soon as today a...
lending program to shore up the consumer-finance market, using money from the government’s $700 billion rescue, two people familiar with the effort said. The ...
(more)
Treasury, Fed Said to Unveil Plan to Bolster Consumer ...
washingtonpost.com - 11/25/2008
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washingtonpost.com —
Washington Post Staff Writer Tuesday, November 25, 2008;
9:46 AM The Federal Reserve and Treasury moved today...
to boost consumer spending and lower home mortgage rates, committing up to $800 billion to make it easier for households to borrow money for ...
(more)
Program Targets Consumer Spending, Mortgage Rates
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New Lending Facility from Treasury, Fed for Consumer Lending
Calculated Risk —
From Bloomberg: Treasury, Fed Said to Unveil Plan to Bolster Consumer Financing The U.S. Treasury and Federal Reserve will unveil as soon as today a lending program to shore up the consumer-finance market, using money from the [TARP] ... Treasury Secretary Henry Paulson ... scheduled a press conference for 10 a.m. New York time [Tuesday]From the WSJ: New Facility Targets Consumer Lending The lending facility, which will be operated by the Federal Reserve, is expected to provide loans to investors who want to buy securities ...
What the hell is wrong with these people?
Newshoggers.com —
... All of that is known already, and what does the brilliant mind of the Treasury Secretary come up with to help stimulate the sputtering economy? ...
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New Facility Targets Consumer Lending
online.wsj.com 11/25/2008 — The Fed stepped up its efforts to support strained credit markets through new programs backed by Treasury aimed at boosting consumer credit and the market for mortgage-backed securities. (Statements)
No Consumer Left Behind
jaypgreene.com 12/9/2008 — The news is reporting today that the Republican (last time I checked) Bush Administration and Congressional Democrats are close to an agreement to bailout the auto industry. The terms of the deal involve a $15 billion bridge loan and a federal ...
Consumer Prices Decline in October; Housing Starts Sink Again
online.wsj.com 11/19/2008 — WASHINGTON -- U.S. consumer prices took the biggest plunge in 61 years during October, pulled down by a sinking economy that evidence suggests is sending inflation into retreat. Separately, home construction took its fourth tumble in a row during ...
The Associated Press: Consumer-friendly credit card rules coming
google.com 12/18/2008 — 9 hours ago WASHINGTON (AP) Consumers will be shielded from increases in interest rates on existing account balances on their credit cards under new rules being adopted by federal regulators. The changes will allow credit card companies to raise ...
December consumer confidence drops to all-time low
democraticunderground.com 12/30/2008 — Source: [b]Associated Press[/b]
Consumer confidence hit an all-time low in December, dropping unexpectedly in the face of layoffs and deteriorating markets for housing, stocks and other investments.
The Conference Board's Consumer Confidence Index fell to 38 in December from a revised 44.7 ...
Fed Announces New Facility to Buy GSE MBS
calculatedrisk.blogspot.com 11/25/2008 — Note: the Fed also announced a facility to buy asset-backed securities (ABS) collateralized by student loans, auto loans, credit card loans. From the Fed : The Federal Reserve announced on Tuesday that it will initiate a program to purchase the ...
Obama officially names his economic team —
CNN Political Ticker 11/24/2008
Obama officially named his economic team Monday (from left: Geithner, Romer and Summers).
NEW YORK (CNNMoney.com) – President-elect Barack Obama named key members of his administration's economic team Monday, including New York Federal ...
Paulson to unveil consumer loan plan —
CNN.com - Politics 11/25/2008
The Treasury Department and Federal Reserve are due to unveil Tuesday a new program aimed at increasing the availability of consumer loans, such as car loans, credit cards and student loans, according to published reports.
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