The US Census Bureau just released new data showing that the home ownership rate for 2010 is the second highest on record, behind 2000. That's since the collection of this data began in 1890. But home ownership has experienced the largest decline since the period between 1930-1940. In the last ten years … [Read more...]
FDIC Awards GE Coverage For Up $139 Billion In Debt
December 24, 2008 By Leave a Comment
Last week representatives of the FDIC closed a deal to award General Electric Co.'s lending group GE Capital Corporation as much as $139 billion in insurance coverage for debt protection. This marks the second time in a month the finance company has sought aid from the federal government. … [Read more...]