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Consumer credit falls for 9th straight month The drop in consumer borrowing was not as deep as expected The Associated Press updated 12:44 p.m. PT, Mon., Dec . 7, 2009 WASHINGTON - Americans borrowed less for a record ninth straight month in October, another sign that consumer spending...

Obama administration predicts $30B loss on auto bailout DAVID SHEPARDSON Detroit News Washington Bureau Washington -- The Obama administration will tell Congress Wednesday that it expects to lose about $30 billion of the $82 billion government bailout of the auto industry, two...

Dec. 5 (Bloomberg) -- Treasury Secretary Timothy Geithner disputed claims by Goldman Sachs Group Inc. executives that the bank could have survived the financial crisis without government help and said it and other Wall Street firms should show some restraint in handing out bonuses this year...

The US economy will never recover until banks start lending, and they are not doing that now despite claims to the contrary by the financial institutions, real estate developer Donald Trump told CNBC Tuesday. "Banks are not lending money, no matter how prime you are," Trump said. "The economy...

Cap and Trade Could Be a Boon to New York By KIRSTEN E. GILLIBRAND Over the past year, the economic crisis has devastated the financial services industry that fueled New York's boom years. The ripple effect from Wall Street is still being felt, as unemployment has risen to 10.3% in New York...

A billionaire suffering from cancer forged documents to prove he was poor so that he could avail of free medicine from a charity for years in Zhejiang province. Chen Youxing, 60, owns a number of real estate projects across the country. He has at least two villas, with more than 10 luxury...

http://www.guardian.co.uk/world/2009/nov/12/united-nations-us-property-fallout There were not many people packed in to the Los Angeles "town hall" meeting who had heard of the foreign woman with the unfamiliar title who had come to listen to their tales of plight. But many took it as a good...

November 23, 2009 Payback Time Wave of Debt Payments Facing U.S. Government By EDMUND L. ANDREWS WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true. But that happy situation...

Video http://www.cnbc.com/id/15840232?video=1337326045&play= Watanabe gambled $825 million in 2007 for a net loss of $112 million. 6% of Harrah's Las Vegas revenue. He had a credit line of $17 million at one point. He bounced $14.75 million in bad checks. Faces 16 years in prison...

Former high roller Terry Watanabe is accusing Harrah’s of some serious funny business in Las Vegas. In what may be the nastiest spat since the days when Vegas handled disputes outside of court—if you get my meaning—Watanabe has filed a lawsuit accusing the casino giant of plying him...

More from Huffington Post: In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from...

WASHINGTON--(BUSINESS WIRE)--Today, during the House Financial Services Committee markup of the Financial Stability Improvement Act of 2009, Congressman Ron Paul’s (R-TX) amendment to increase Federal Reserve transparency was passed by a vote of 43 to 26. During the proceeding parallel...

UC President Mark Yudof told reporters Wednesday he couldn't rule out raising student fees again if the state is unable to meet his request for an additional $913 million next year for the 10-campus system. The 32 percent increase will push the cost of an undergraduate education at...

VIDEO: http://eclipptv.com/viewVideo.php?video_id=8384 Tuition goes up 32% in all UC schools this fall.

1) 40% excise tax on health coverage in excess of $8,500/$23,000 ($149.1 billion) 2) Employer W-2 reporting of value of health (negligible revenue effect) 3) Conform definition of medical expenses ($5.0 billion) 4) Increase penalty for nonqualified health savings account...

VIDEO: http://eclipptv.com/viewVideo.php?video_id=8387 Congressman Burgess to Tim Geithner - You Should of Never Been Hired

WASHINGTON (Reuters) - Any tax imposed on financial transactions would have to take effect internationally to prevent Wall Street jobs and related business moving overseas, U.S. House Speaker Nancy Pelosi said on Thursday. "It would have to be an international rule, not just a U.S. rule,"...

The Federal Reserve — the quasi-autonomous body that controls the US’s money supply — is a “Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York...

He made enough to have a net worth of $11 billion. He's also given away $6 billion to charity since 1979. He most likely makes more in one day than everyone on ET combined for a whole year.

WASHINGTON – The government paid more than $47 billion in questionable Medicare claims including medical treatment showing little relation to a patient's condition, wasting taxpayer dollars at a rate nearly three times the previous year. Excerpts of a new federal report, obtained by The...