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poor credit car loanThe arrangement is unusual: Minority shareholder Fiat SpA, having contributed no cash, is running the new Chrysler Group LLC and exerting clout far beyond what its 20 percent stake would suggest. But in these unprecedented times, when governments are ... Read more
Making sense of Fiat's noncash deal - Detroit NewsCredit card companies have been accused of flouting consumer protection law by denying refunds to shoppers and holidaymakers owed money for goods or services that were faulty or not delivered. Under section 75 of the Consumer Credit Act 1974, card ... Read more
Beware bogus excuses from card companies trying to avoid insurance ... - Times OnlineHigh gasoline prices in 2008 coupled with the massive downturn in the financial markets, the collapse of credit and the poor decisions made by the "captains" of industry in Detroit created the crisis that severely damaged the American auto fleet and ... Read more
Car Dealers Shouldn't Be Kicked To The Curb - Hartford CourantNEW YORK, June 15 (Reuters) - A U.S. government plan to prevent banks from the massive sale of risky loans without assuming any risks themselves seeks to strike at one of the key causes of the credit crisis. The Obama administration plans to require ... Read more
US aims to force lenders to retain risk in loan securitizations - Reuters(AP) - Obama spells out major financial rules overhaul WASHINGTON (AP) _ President Barack Obama proposed sweeping new "rules of the road" for the nation's financial system Wednesday, casting the changes as a critically important response to the ... Read more
Business Highlights - WTOP RadioWASHINGTON (AP) _ President Barack Obama proposed sweeping new "rules of the road" for the nation's financial system Wednesday, casting the changes as a critically important response to the economic crisis and the greatest regulatory transformation ... Read more
Obama spells out major financial rules overhaul - Town HallLONDON, June 16 (Reuters) - Like the tragic victim of a spectacular car crash, Anglo Irish Bank is on life support, sustained only by continuing infusions of government cash. While Brian Lenihan, the Irish finance minister, insists that the patient ... Read more
Anglo Irish is dead in all but name: Margaret Doyle - The GuardianJune 19 (Bloomberg) -- Japanese stock indexes rose, led by banks after Goldman Sachs Group Inc. said the shares were undervalued. Green technology-related companies retreated amid speculation recent gains were overdone. “Banks have completed ... Read more
Japanese Stock Indexes Rise, Led by Banks; GS Yuasa Plunges - BloombergWhen Congress hastily created and passed the Troubled Asset Relief Program (TARP) last fall to bail out the financial sector, the program didn’t offer any consumer protection against the type of predatory lending practices that led to the financial ... Read more
Bailout Plan Hits the Poor - Common DreamsWASHINGTON (AP) — President Barack Obama proposed sweeping new "rules of the road" for the nation's financial system Wednesday, casting the changes as a critically important response to the economic crisis and the greatest regulatory transformation ... Read more
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