Bailout watchdog: Credit crunch alive and well (CNN Money)
Posted in Credit Card Debt, Loan Modifications by admin on May 7th, 2009
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Despite recent encouraging signs in the economy, Americans are having a hard time getting credit and the effectiveness of government programs to spur lending is unclear, a congressional bailout watchdog said Thursday.
IMF approves credit line for Poland of $20.58 bln (AFP via Yahoo! News)
The International Monetary Fund said Wednesday it approved a “precautionary” credit line of 20.58 billion dollars to help Poland boost its reserves and weather the global economic crisis.
North Island Credit Union has tough quarter (San Diego Union-Tribune)
It’s no secret that the real estate meltdown has pushed some banks to the brink. But credit unions also are now coming under pressure from San Diego’s housing woes. North Island Credit Union posted a $59.3 million first-quarter loss, mostly because it socked away millions in reserves to cover potential loan losses. The dismal results come on top of a $50 million loss that North Island posted for …
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