Filed under: Economy If the credit crisis is over — and it most certainly is as measured by tighter credit spreads — why aren’t banks making loans to the people who need them most, American taxpayers? You don’t have to be the chairman of the Federal Reserve to know that banks are behaving worse than Scrooge when it comes to extending credit to small businesses and consumers. Ben Bernanke admitted as much in a recent speech , which is perplexing since a zero-interest-rate policy (ZIRP) is supposed to stimulate economic growth, most of which is generated by those very same small businesses and consumers. Continue reading Need a loan? Why the banks (and Fed) are saying ‘Scrooge you’ Need a loan? Why the banks (and Fed) are saying ‘Scrooge you’ originally appeared on DailyFinance on Fri, 27 Nov 2009 10:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Need a loan? Why the banks (and Fed) are saying ‘Scrooge you’

Filed under: Company News , CIT Group CIT Group ( NYSE:CIT ) shareholders have had a wild ride for the last five months. They’ve had to deal with concerns about bankruptcy, threats from its bondholders, and plans for the firm’s future as the company’’s CEO announced he was stepping down. CIT stock traded near $4 in early June. Since then, it dropped to $.41 on July 15 when it looked like the company would not make it, and has gyrated between that low and a recent price of $2.20. Shares closed at $1.12 on October 16. Continue reading CIT presses new plan to avoid bankrutcy CIT presses new plan to avoid bankrutcy originally appeared on DailyFinance on Sun, 18 Oct 2009 09:15:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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CIT presses new plan to avoid bankrutcy

Filed under: Company News , Economy , Boeing There are signs the nation’s factories are stirring from one of the worst recessions in decades. Investors this week will find out how awake they really are. Big manufacturers such as Boeing ( NYSE: BA ), Caterpillar ( NYSE: CAT ) and 3M ( NYSE: MMM ) will report results and, possibly, provide evidence that companies and consumers are starting to spend again. Continue reading Are US factories showing signs of life? Are US factories showing signs of life? originally appeared on DailyFinance on Sun, 18 Oct 2009 10:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Are US factories showing signs of life?