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I am happy to see a reader (B. Flanagan, Nov. 2) admitting he voted to make Barack Obama president. I am also happy to see he admitted that "they" forgot what it takes to make a change and correct what "they" think are mistakes of the past. ...more
November 3, 2009
Federal Reserve Chairman Ben Bernanke prodded Congress on Friday to enact legislation overhauling the nation's financial regulatory system to prevent a repeat of the banking and credit debacles that had thrust the country into crisis. ...more
October 24, 2009
Bank closings for the year hit 100 on Friday when regulators shut down Partners Bank in Florida. Financial institutions nationwide have collapsed under the weight of soured real estate loans and the Great Recession. ...more
October 24, 2009
WASHINGTON (AP) — President Barack Obama wants smaller community banks to have greater access to the government's $700 billion financial rescue fund as the administration refocuses the bailout money on small businesses and homeowners and winds down programs aimed at big banks. ...more
October 20, 2009
Rising losses on commercial real estate loans will continue to hurt U.S. banks in coming months and pose the biggest challenge for many financial institutions and overseers, regulators said Wednesday. ...more
October 15, 2009
The nation has already seen more bank and mortgage company closings so far this year than it did in all of 2008. ...more
October 9, 2009
The $5.6 million pot of money Hernando County has been earmarked to help low- to moderate-middle income homebuyers move into foreclosed homes county is still awaiting final state approvals. ...more
July 24, 2009
Florida returned more than $173 million in unclaimed property during the past budget year. ...more
July 3, 2009
The Obama administration on Thursday unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds. ...more
March 26, 2009
This is in response to "Republicans Criticizing Obama Have Chutzpah." Gabriel Read, the author, selectively chose some facts while blatantly disregarding others. For example, the first stimulus bill was crafted by Pelosi, Reid, Franks and Dodd; Democrats all. In their haste to pass this stupid piece of legislation, they gave complete digressions and power to the greatest ponzi scheme con artist of all, Hank Paulson. ...more
March 25, 2009
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