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U.S. Agrees to Buy Student Loans to Ease Borrowing (New York Times) Fri, 21 Nov 2008 02:50:49 GMT The Education Department announced that it would buy up to $6.5 billion of federally guaranteed student loans made in the 2007-8 academic year as part of its effort to make sure loans are available.
FDIC May Exclude Shortest-Term Loans From Debt Insurance Plan (Bloomberg) Fri, 21 Nov 2008 08:32:25 GMT Nov. 21 (Bloomberg) -- U.S. bank regulators may exclude the shortest-term loans from a $1.4 trillion debt-insurance program, helping the Federal Reserve avoid further unpredictable swings in the country's main interest rate.
Banks, investment firms reduce Fed loans (AP via Yahoo! News) Thu, 20 Nov 2008 22:15:59 GMT Commercial banks and investment firms reduced borrowing from the Federal Reserve's emergency lending program over the past week, although demand for the loans was still elevated.
Small-business loans still flowing (Boston Globe) Fri, 21 Nov 2008 08:07:51 GMT Even as consumer loans become harder to get, many small businesses in Massachusetts report they are still able to borrow money.
Spellings promotes access to student loans (UPI) Fri, 21 Nov 2008 00:14:59 GMT WASHINGTON, Nov. 20 (UPI) -- The U.S. Education Department is working to ensure student access to federal loans during the financial crisis, Secretary Margaret Spellings said Thursday.
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