Latest News in Credit History and Jobs – March 20, 2009

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Be Honest and Come Clean About Bad Credit History – Washington Post

18 Mar 2009 at 5:59pm
Browse over 20,000 listings in the Washington Area. If you are seeking a job in the financial services field, your credit history will continue to hurt your chances for employment. From the perspective of an employer, a record of collections might …

A growing outrage – Politico.com

20 Mar 2009 at 1:43am
As a result of AIG?s risky gambles in what the financial world calls credit default swaps or financial derivatives, the American taxpayers have bailed out the company to the tune of $170 billion. The ?Masters of the Universe? on Wall Street …

Systemic Failure – CNS News

20 Mar 2009 at 2:05am
As the U.S. financial crisis broadens and deepens, wiping out the wealth and savings of tens of millions, destroying hopes and dreams, it is hard not to see in all of this history?s verdict upon this generation. We have been weighed in the balance …

Mortgage rates sink to new low – Chincoteague Beacon

20 Mar 2009 at 1:29am
WASHINGTON — Rates on 30-year mortgages plunged to a record low Thursday after the Federal Reserve launched a new effort to prop up the flailing housing market. The national average rate on 30-year, fixed mortgages was 4.94 percent on Thursday …

Are you following the NCAA Basketball Tournament? – Town Hall

19 Mar 2009 at 10:37pm
Spare me the populist outrage. Members of the House Financial Services Committee sounded more like an out-of-control mob than leaders who could help solve one of the worst financial crises in U.S. history when they confronted AIG CEO Edward Liddy …

Alabama Voices: Don’t reject funds – Montgomery Advertiser

20 Mar 2009 at 1:36am
Alabama is turning away a gift. While some are hailing the federal stimulus package as “pennies from heaven,” Gov. Bob Riley appears to regard at least part of it as a Trojan horse. Riley has said he will refuse $100 million from the American …

GE Money opts out of mortgages, axes 80 jobs – Independent

13 Mar 2009 at 1:09am
Share One of the country’s main subprime lenders is to stop offering mortgages and reduce its car loans in a move that will result in 80 job losses. GE Money , which charges around 2pc more for mortgages than prime lenders, blamed the higher costs of …

Rapid Declines in Manufacturing Spread Global Anxiety – Star News Online

20 Mar 2009 at 2:19am
Since it was founded by his great-grandfather in 1880, Carl Martin Welcker?s company in Cologne, Germany, has mirrored the fortunes of manufacturing, not just in Europe but around the world. That is still true today. In a pattern familiar to …

ANZ to cut 500 jobs, send them to India – Australian Broadcasting Corp.

13 Mar 2009 at 10:13am
ANZ has confirmed it will cut 500 jobs, mostly from its Melbourne operations, and move them to India by the end of the year. The bank says the job losses will be in its technology and administrative areas. The move is separate from the 800 job losses …

When jobs disappear – Economist.com

11 Mar 2009 at 5:53pm
LAST month America?s unemployment rate climbed to 8.1%, the highest in a quarter of a century. For those newly out of a job, the chances of finding another soon are the worst since records began 50 years ago. In China 20m migrant workers (maybe 3 …

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March 20 2009 02:17 am | Credit Reports

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