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By Mark Davis
The nation founders, the Lone Star State thrives
Topic - federal reserve bank of new york
It’s the time of year to celebrate the accomplishments of those students who have finished their studies and are graduating. Great job. Now, it’s also time to start paying back all those student loans taken out to fund a college education.
Although delinquency rates have trended down for most household debt categories over the past several years, student loan delinquencies are on the rise.
It's time for a serious housecleaning at the Fed. A recent audit by the General Accountability Office found a lack of transparency at the Federal Reserve. That's putting it mildly. There's no excuse for the shady dealings at the central bank - reform is long overdue.
Bailed-out insurance conglomerate American International Group Inc. is taking a key step toward paying off a bailout that was at one point worth $182 billion — the largest of the financial crisis.
AIG said Thursday it reached a deal to repay the government billions of dollars in assistance it received during the credit crisis.
NEW YORK (AP) — Wall Street plunged again today, extending an almost relentless downward spiral after problems at Countrywide Financial Corp. confirmed investors' fears that credit problems are spreading. The market shrugged off the Federal Reserve's injection of $17 billion into the banking system, and the Dow Jones Industrial Average fell more than 300 points.