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What Those NLRB And CFPB Recess Appointments Mean To You

March 2, 2012

In January the President sidestepped Republican obstruction and made "recess appointments" to the Consumer Financial Protection Bureau (CFPB) the National Labor Relations Board (NLRB). This was because Senate Republicans were blocking all nominations more »

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Small Business, Big Manufacturing And Job Creation -- The Banks Aren't Lending

By Dave Johnson

January 20, 2010

Banks still aren't lending where its needed, and it's getting worse, not better, for small businesses - the nation's jobs engine. Why did we bail out the big banks, again? Perhaps our government should just loan directly to the job creators instead of the job killers. more »

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Will The Senate Stop The Credit-Card Loan Sharks?

By Isaiah J. Poole

May 8, 2009

In Poultney, Vt., a small town near Lake St. Catherine near the Vermont-New York border, "Walter" had been running a small business during the summer for 43 years—until a rectangular piece of plastic helped bring him down. more »

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Loan Deliquincies At Record High

From usatoday.com

April 2nd, 2009

usatoday.com — Delinquencies on consumer loans continued to rise at the end of the year, according to data released by the American Bankers Association. The delinquency rate during the fourth quarter of 2008 across multiple consumer loans increased to 3.22%. It is the highest delinquency rate since the ABA began tracking the data in the 1970s. The delinquency rate was 2.90% during the third quarter. Job losses during were the primary reason for the rise in loan delinquencies during the quarter, says James Chessen, the ABA's chief economist. "Job losses have really hurt the economy and will continue to inflict pain for several months," Chessen said. "The greater the losses are, the more severe an impact it has on all credit markets."

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VIDEO: GOP Brags That McCain Will Continue Bush's Economic Legacy

By David Sirota

July 15, 2008

Last week, I appeared on Fox News to discuss the inflammatory comments by Phil Gramm (John McCain's top economic advisor) and how those comments really epitomize the Republican Party's country clubbish, let-them-eat-cake outlook on the economy. more »

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