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Bad Credit Loans Offer a Practical Solution as the Credit Crisis Continues to Hurt Consumers   As credit and finance turmoil continues far beyond the timeframe that most economists predicted, Bad Credit Loans from www.loansbadcredit.org.uk offer consumers an immediate and practical solution.

A New Architecture For the Financial World  The U.S. financial system this weekend faced its gravest crisis in modern times, as regulators resorted to triage on Wall Street to contain the spreading damage from a meltdown in the housing and mortgage market.

Loan firm leaders say credit crisis worst to come  The leaders of an Oklahoma City company that markets huge portfolios of bank loans saw the subprime mortgage crisis coming. And now they perceive more misery. How bad is the current credit crisis going to get? "You don't want to know,��� said Bliss Morris, chief executive officer of First Financial Network. "It's a tidal wave.��� First Financial Network, based in Oklahoma City, is the nation's ...

Stocks rally on plan for mortgage giants  NEW YORK ��� Stocks rallied Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur following the U.S. government���s move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials gained nearly 300 points.

Chatzky: Raiding the 401(k) is an unwise move  With people behind on mortgage payments and credit card bills, and short on cash for basics like gas and food, some are taking desperate measures. Raiding your 401k, or 403b, is one way to get quick cash, but in most situations it is a bad idea.

Banks roll out $70 billion loan program  NEW YORK A group of global banks and securities firms announced late Sunday a $70 billion loan program that financial companies can tap to help ease a credit shortage that threatens global financial markets.

Crisis on Wall St. as firms collapse  NEW YORK ��� When Wall Street woke up Monday morning, two more of its storied firms had fallen. Lehman Brothers, burdened by $60 billion in soured real estate holdings, said it is filing for Chapter 11 bankruptcy after attempts to rescue the 158-year-old firm failed.

Webster Bank loses $12.5 million in bad construction loans  Webster Bank announced plans Tuesday to open flagship branches in Boston and Providence, R.I., even as its parent company said it expects to take a bigger hit from bad loans in the third quarter.

Credit crisis forcing U.S. insurer AIG to extreme measures  New York: U.S. insurer AIG, suffering from a declining share price and facing a possible downgrading of its credit rating, is being forced to extreme measures, including perhaps selling off subsidiaries to extricate itself from billions of dollars in losses,the Wall Street Journal reported in its online edition Sunday.

Fed eases access to emergency credit   The Federal Reserve has announced new steps to ease access to emergency credit for struggling financial companies, by broadening the collateral to be used for central bank loans.

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