Some troubling findings today out of the Woodstock Institute, which examined home lending trends in seven major cities to discover that banks have scaled back prime loans to minority communities at a much quicker clip than they’ve reduced those same loans in predominately white neighborhoods.
The group — in collaboration More…
Larry Bossidy, former Honeywell chairman and CEO, today pointed out the under-appreciated predicament facing not only the finance industry but also the Washington policymakers who have spent hundreds of billions of dollars in the name of thawing frozen credit markets. Namely, there are contradictory pressures on the banks to lend More…
It’s one of the central tenets of the government’s strategy to get banks lending again: Wealthy private investors such as hedge funds are being encouraged, with enormous financial backing from the Treasury and the Federal Reserve, to swoop in and snatch up the toxic securities held by banks and More…
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