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President Obama Continues Push for Credit Card Reforms as Senate
Begins Debate
President Obama reiterated his call for credit card reform, saying that the nation can no longer tolerate an "anything goes" mentality by the credit card companies… Read More Banks Brace for Credit Card Write-Offs
Experts predict that millions of Americans will not be able to pay off their debts, leaving a gaping hole at ailing banks still trying to recover from the housing bust… Read More Experts Say GM Bankruptcy Is Almost Inevitable
For General Motors Corp., the task at hand is so difficult that experts say a chapter 11 filing is all but inevitable… Read More Chrysler Creditors Give Up Challenge to Government Restructuring
Plan
A group of Chrysler LLC lenders who opposed the government's restructuring plan for the automaker agreed to abandon the fight after deciding that the financial and political costs were too high… Read More Commentary: Ford Continues to Restructure Without Federal Help
While the government has needed to step in to help Chrysler and General Motors restructure, Ford is the only Detroit automaker to forego government assistance to this point, according to a commentary in today’s Wall Street Journal… Read More |
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