Tag Archive
Goldman Offers up $500 Million to Small Businesses as Penance
The financial crisis has hit our country in many different ways. A whole lot of people’s lives have been devastated by the financial goings on of the past few years, or at the very least turned right on their heads. As happens when anything goes this wrong, the people left in the destructive wake... »
U.S. Economy Grows for First Time in Over a Year
The recession might not be over, but at least the contraction is. In the 3rd quarter our nation’s economy expanded for the first time in over a year. The nation’s gross domestic product expanded at an annual rate of 3.5 percent for the quarter that ended in September according to the Commerce Department. This... »
Bank of America Loses $2.24 Billion in 3rd Quarter
Today Bank of America released their earnings report for the third quarter and the news was certainly not good. They reported losses of over $2.2 billion dollars for the quarter. Now that’s quite a chunk of change there. These losses were mainly attributed to escalating credit card delinquencies and mortgage defaults. This is pretty... »