main street

The House Financial Services Committee chairman applauds recent moves by Freddie Mac, Fannie Mae and banks to modify mortgages and keep borrowers in their homes. But companies that service loans aren’t doing enough, he says, and that needs to change.

Is the sky falling? Are pigs flying? Apparently Wall Street executives have become sensitive to the fact that while people are losing their jobs and their homes, financial industry executives are getting set to reap big year-end bonuses, courtesy of the American taxpayer.
They’re actually thinking of curbing some of those rewards, The Wall Street Journal [...]

A spate of gigantic mergers sparked by the recent global crisis has overnight reordered the American economic landscape — if not America itself.

When Wall Street is struggling, we are told that Wall Street and Main Street are attached at the hip. But what about when Main Street is struggling?

For people facing foreclosure — and for the housing and community-development groups trying to help them — there’s little to cheer about in the $700-billion Wall Street rescue plan.

A $58-billion plan to extend unemployment benefits, pump billions into infrastructure projects and increase funding for low-income nutrition and health-care programs passed the House — and died in the Senate as too expensive. Trickle-down economics lives.

For weeks, the presidential and vice presidential candidates have been pounding the Wall Street vs. Main Street trope into our heads. Now, the good people at National Public Radio have a new take on the issue.
They found 70 towns and cities from Connecticut to California where Wall Street and Main Street actually meet. They interviewed [...]

The folks over at The Corner think Republican vice presidential nominee Sarah Palin went off base a bit last night when she blamed the housing crisis on predatory lenders. They wanted her to go after irresponsible borrowers, the Community Reinvestment Act – they call it the Carter/Clinton CRA – and the Democratic supporters of Fannie [...]

LA CROSSE, Wisc.- Speaking to a rally on Main Street here, Sen. Barack Obama touted a “rescue plan” to help workers, homeowners and taxpayers on Main Streets across the country.
Obama tried to allay concerns about the financial bailout plan, saying it was essential to avoid a “crisis from turning into a catastrophe.”  Reminding voters that [...]

LA CROSSE, Wisc. – Sen. Barack Obama has not taken the stage here yet, but the attacks on his rival are in full force.
Ron Kind, a local star who had held every post from high-school quarterback to county prosecutor before being elected to Congress in 1996, ripped into Sen. John McCain as an economic lightweight [...]