bailout

ShoreBank Becomes Urban Partnership Bank

August 24, 2010 19:59

Urban Partnership, a new institution, bought out ShoreBank on Friday ending the bank’s 37 years of service and its title as the oldest and longest serving community development bank in the country. In a previous blog, the Shriver Center outlined the numerous opportunities ShoreBank offered to...

Chicagoans Must Rally Around ShoreBank

June 30, 2010 14:39

ShoreBank, a staple of the Chicago Community, may be in jeopardy of seizure if it does not receive TARP funds from the Federal Reserve Bank. Unfortunately, as a recent article in the Chicago Tribune noted, current political jockeying around more bank bailouts has ShoreBank in the eye of the storm....

The Euro Comes of Age

Jon Katz
May 11, 2010 01:30

Sixteen months ago, I began to grow worried about Greece's debt problems and its implications for the euro. At the time, I wrote, The euro area has yet to demonstrate its cohesiveness when confronted with the growing economic divergence of its member states and even the specter of a sovereign debt...

viharg

Vihar Georgiev
April 12, 2010 08:01

We now have some details on the bailout package for Greece. The program will be managed jointly by the European Commission, the European Central Bank, and the International Monetary Fund. The program will cover a three-year period. The euro area Member States are ready to contribute up to € 30 b...

The Great Bail Out Fraud

January 29, 2010 18:23

I received two emails today from clients asking about the credit card bail out that they read about on the internet or heard about on the radio. Apparently, some folks are advertising about how people who owe more than $10,000...I received two emails today from clients asking about the credit card...