Consumers unexpectedly borrowed more in September (AP)

Filed Under (Finance) by on 07-11-2008

AP - Consumers boosted their borrowing in September, defying expectations for a cutback.

Original post by AP and software by Elliott Back

Consumer credit rose $6.86 billion in September (Reuters)

Filed Under (Finance) by on 07-11-2008

Reuters - Consumer borrowing unexpectedly rose by $6.86 billion in September, resuming its upward march after falling in August for the first time in more than a decade, a Federal Reserve report showed on Friday.

Original post by Reuters and software by Elliott Back

Foreign-currency mortgages stress E. Europeans (AP)

Filed Under (Finance) by on 07-11-2008

AP - Zsolt Kerecsen, a 34-year-old software developer with three kids and a mortgage, is no high roller. But like thousands of other middle-class Hungarians he gambled by borrowing to buy a home in Swiss francs.

Original post by AP and software by Elliott Back

Is the Federal Home Loan Banking System at Risk? (BusinessWeek Online)

Filed Under (Finance) by on 07-11-2008

BusinessWeek Online - Fannie Mae and Freddie Mac were controversial for years before they fell into government conservatorship this year. But few people have considered the risks posed by the Federal Home Loan Bank System (FHLB), even though it occupies the same gray area between the public and private sectors.

Original post by BusinessWeek Online and software by Elliott Back

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