Two former employees of credit card issuer MBNA, now owned by Bank of America, said on Wednesday they were forced to use aggressive and deceptive practices with customers in order to boost revenues.
Sphere: Related ContentLines crawled out into the streets leading up to the Exxon gas station on Pineville-Matthews Road on Thursday morning, as it was one of the few stations in Charlotte with fuel. Exxon actually hired security guards to help with the lines.
Sphere: Related ContentThe House of Representatives on Wednesday approved a $25bn package of low-cost loans to help hard-pressed carmakers and their suppliers finance plant modernisation at a time of restricted access to public capital markets
Sphere: Related ContentRep Kapture rocks the house again!: ‘Lets play Wall Street Bailout!!!’
September 22, 2008 C-SPAN
“…governmental measures, combined with the Federal Reserve’s loose monetary policy, led to an unsustainable housing boom. The key measure by which the Fed caused this boom was through the manipulation of interest rates, and the open market operations that accompany this lowering.”
Sphere: Related ContentUN chief Ban Ki-moon on Tuesday stressed the need for “global leadership” as he pressed world leaders not to pursue narrow national interests in the face of hard economic times. “I see a danger of nations looking more inward, rather than toward a shared future,” he said at the opening of the UN General Assembly’s annual debate.
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Congress is scrambling to pass the Pentagon budget, aid for flood and hurricane victims and $25 billion in loans for Detroit automakers. The legislation is coming together in a remarkably secretive process in which decisions are concentrated in the hands of just a few lawmakers such as Nancy Pelosi, Harry Reid & David Obey
Sphere: Related ContentThey list greed and Greenspan among the culprits, and there are comparisons to . . . Albania. But amid the gloating, there is fear for financial systems in Britain, Spain, Italy and elsewhere.
Sphere: Related ContentVenezuela will buy combat and training aircraft from China this week, leftist Venezuela Hugo confirmed in a television broadcast Sunday.
Chavez, a staunch foe of the US government, confirmed that during his stay in Beijing he will purchase 24 K-8 aircraft “to train fighter pilots.” The planes could be part of Venezuela’s air force by next year.
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