Tuesday, September 30, 2008
On Your Side: Getting a Loan (KNVN Chico-Redding)
How does the financial crisis effec your chances of getting a home or car loan. Action News reporter Owen Clark sat down with Tri Counties Bank C.E.O. Rick Smith to answer come crucial credit questions and to figure out where he thinks the credit market is heading.
How hard is it to get a car loan in East Texas? KLTV 7's Courtney Lane finds out (KLTV 7 Tyler)
Some of you may be in the market for a new car that gets better gas mileage. However, the financial crisis may have you feeling a little discouraged. So, we wanted to know how difficult it is for you to get a car loan right now.
Ahead of the Bell: Car makers and govt. loans (AP via Yahoo! Finance)
Passage of a $25 billion government loan program on Saturday should be good news for auto stocks, but concerns remain that continued tight credit for auto loans will hamper the sector's sales and earnings for the rest of the year.
Timing critical in lifeline to car industry (Fort Wayne Journal Gazette)
DETROIT â" If credit remains locked up and auto sales continue to slump, the federal governmentâs $25 billion loan package for the auto industry could be a huge help in keeping Detroitâs downtrodden automakers afloat, according to lawmakers and industry analysts.
Monday, September 29, 2008
Nigeria: Bayelsa AC Tasks Sylva Over Proposed $10 Billion Development Fund (AllAfrica.com)
Bayelsa leaders of the Action Congress (AC), weekend challenged the administration of Governor Timipre Sylva to explain the reasons for its decision to shop for a $10billion loan few months after the procurement of a N75billion loan from five banks without the existence of completed projects in the state.
ProLease Vehicle Leasing Helps Battered Houston Economy - Houston Car Leasing Company Thrives Amidst Down Economy and ... (PRWeb via Yahoo! News)
Recent news headlines have announced that banks and credit unions have stopped funding auto leases, including Wells Fargo & Co. one of the largest financial backers of car leases last year. Many auto manufacturers have followed suit, including an announcement from Chrysler last month saying they have stopped offering auto leases all together.
Senate Approves $25B Loan, Fortunes Improve For U.S. Automakers (The Car Connection)
On Saturday, one half of our bicameral legislature, the U.S. Senate, passed the $25 billion low-interest loan guarantee package to the struggling U.S. auto giants. To recap, this money is largely desired by and designed for Ford, General Motors, and Chrysler, who have been hit especially hard by declining sales of their full ..
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