So the Bush administration has approved a $17.4 billion bailout loan to keep General Motors and Chrysler afloat.
Some $9.4 billion will go to GM in the next two months.
$4 billion goes to Chrysler and the rest likely will be channeled to Ford Motor.
It is said another $4 billion will be available for such automakers if […]

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Last November election Arizona voters says no to Proposition 200 such as having payday-loan stores which deals in high-risk loans.
If was approved then payday-loan companies are allowed to continue charging high interest rates, as high as 391 per cent, on small loans.

But that ain’t the last of it as lawmakers wants such an industry.
It is […]

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Some $17.4 billion worth of emergency loans will be approved by President George W. Bush to bailout the automakers.
The rescue package is set to save hundreds of thousands of jobs, but there has been a rallying cry by the public for the US car industry to settle its own financial affairs, rather than needed a […]

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Anglo Irish Bank chairman Sean Fitzpatrick has resigned over the controversy on the inappropriate loans that was made to the bank directors.
Some 87 million worth of loans approved by Fitzpatrick was uncovered by the Financial Regulator.
He temporarily transferred loans with Anglo to Irish Nationwide over a period of eight years.
The loans was transferred back to […]

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The Goldman Sachs Group had its first quarterly loss since going public some nine years ago.
The figures are astounding. A net loss of $2.12 billion or $4.97 a share, just for this quarter.
The losses was not expected, but not the worst as some investors feared, some who predict it would go as high as $6 […]

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