The Advocate Blog

Results Of The Stress Tests

Which banks did well? Which didn't? The worst-kept secret in Washington goes public. Federal regulators have now released their "stress test" evaluations of America's 19 largest banks. So how many of the 19 thrifts are adequately capitalized? Which banks will be directed to boost their capital, and where might that capital come from? Information has…
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Taxes In The Obama Time

How might things change? In February, President Barack Obama rolled out his plan for the federal budget - a budget created with the vision of aiding the middle class and making health insurance available to more Americans. Since his campaign, he has also repeatedly vowed that taxes will not go up for families making less…
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The Stress Tests For Banks

Do certain banks need more capital? We'll soon find out. On April 24, the Federal Reserve revealed some of the details of the "stress tests" that will comprehensively analyze assets on the books of 19 notable U.S. banks. The results are expected to be released on Monday, May 4.1 (The banks already know the results…
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When Might The Recession End?

A look at what some economists are thinking. When may it be over? In the last two months, some notable economic indicators showed signs of improvement, or at least less gloom: new and existing home sales, factory orders, wholesale sales, consumer spending, encouraging regional reports from the Federal Reserve. On Wall Street, some corporate earnings…
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The Right Beneficiary

Who have you chosen to inherit your assets? It may be wise to review your choices. Here's a simple financial question: who is the beneficiary of your IRA? How about your 401(k), life insurance policy, or annuity? You may be able to answer such a question quickly and easily. Or you may be saying, "You…
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America Fights Foreclosures

Will Obama's strategy make a dent in the problem? A day after signing his massive stimulus plan into law, President Barack Obama unveiled a strategy to stem the tide of American foreclosures. Some borrowers and lenders cheered; some housing industry analysts were unimpressed. When does it take effect? The program officially begins on March 4,…
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The Aggregator Bank

What would a storehouse for toxic assets do for the economy? Could a "bad bank" rescue the credit markets? Imagine a government-run bank that would buy up assets from private banks in order to ease the credit crunch. That's the vision circulating through Washington D.C. right now, and it looks like this plan may be…
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