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Welcome to Krasneys On Everything Money Blog. These articles are a compilation of current articles that we find interesting and hope you will as well.

Obama Weighs Buyout Rage Against Future of Iconic Auto Union

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Thursday, 02 April 2009 16:31 Written by Jonathan Krasney

April 2 (Bloomberg) -- President Barack Obama, confronting growing public outrage against bailouts, is taking a hard line with the United Auto Workers, the union that supported his election and whose future now hangs in the balance.

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Mortgage Rates in U.S. Decline to Record Low of 4.78%

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Thursday, 02 April 2009 16:30 Written by Jonathan Krasney

April 2 (Bloomberg) -- Fixed mortgage rates in the U.S. fell to a record low for the second consecutive week, signaling that Federal Reserve Chairman Ben Bernanke’s effort to spur the housing market is gaining traction.

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FDIC May Let Banks Share Profit From Distressed Loans They Sell

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Thursday, 02 April 2009 16:26 Written by Jonathan Krasney

April 2 (Bloomberg) -- The Federal Deposit Insurance Corp. is considering giving banks the chance to share in future profits on loans sold into a U.S. government-financed program to remove distressed assets.

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G-20 Agrees to Regulatory Crackdown, Bolster IMF

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Thursday, 02 April 2009 16:21 Written by Jonathan Krasney

April 2 (Bloomberg) -- World leaders agreed on a regulatory blueprint for reining in the excesses that fed the worst financial crisis in six decades and pledged more than $1 trillion in emergency aid to cushion the economic fallout.

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Geithner Sees ‘Encouraging Signs’ in U.S. Markets

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Wednesday, 01 April 2009 20:17 Written by Jonathan Krasney

April 1 (Bloomberg) -- U.S. Treasury Secretary Timothy Geithner said there are “encouraging signs” that financial markets are recovering and expressed confidence in the response of global policy makers to the crisis.

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