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Sharp drop in small business loans (CNN Money)

Mon, 05 Jan 2009 21:39:46 GMT

The credit freeze afflicting America's small businesses shows no signs of thawing. In the last three months of 2008, the Small Business Administration's flagship loan-guarantee program backed less than half the number of loans it approved a year earlier - a sign that fewer entrepreneurs are getting financing to start or expand their ventures.


Top 10 scams of 2008 (Chicago Tribune)

Mon, 05 Jan 2009 15:23:58 GMT

Here are the top 10 scams that were aimed at consumers last year, according to the Better Business Bureau of Chicago and Northern Illinois: Checks. Consumers get checks in the mail, supposedly for a winning sweepstakes, lottery or promotion. The person is asked to deposit the check then write a personal check to cover "taxes" or "fees." Advance-fee loans. Scam artists phone people ...


A system that invited bankers to make bad loans (USA Today)

Mon, 05 Jan 2009 05:22:00 GMT

Our view on the credit crisis: A system that invited bankers to make bad loans Banks and S&Ls could pick their regulators; some of the worst did. Here's a system Willie Sutton would have loved. Under the federal government's banking...



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