It’s hard to imagine now, but it wasn’t all that long ago when it could be hard to find average folks who knew or cared that much about Fannie Mae and Freddie Mac, the oddly-named, government-sponsored entitites that own or guarantee about half the nation’s mortgages. The obscure workings of More…
People who refuse to make good on their credit card payments or other debts actually have a name — “ruthless defaulters” — and their numbers are likely to grow as more consumers find themselves overwhelmed by bills, according to David Streitfeld’s piece in The New York Times More…
Now it’s the life insurance industry’s turn for a bailout, The Wall Street Journal reports today. The Treasury Department has approved allowing life insurance companies to participate in the Troubled Assets Relief Program, according to The Journal. A formal announcement should come within days. Life insurance companies that own More…
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