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- dealbook.blogs.nytimes.com
New Credit Line Highlights A.I.G.’s Swift Decline (New York Times) The American International Group ’s announcement Thursday that it could now borrow up to $20.9 billion under the Federal Reserve’s new commercial paper program, raising its maximum available credit from the Fed to $144 billion under three different programs, underscores the company’s bewilderingly rapid decline, The New York Times’s Mary Williams Walsh writes.
- kyw1060.com
Local Economist: Banks Need to Give Out More Loans (KYW News Radio 1060) An area economist says banks need to be more flexible when it comes to granting mortgage loans than they have been in this weak economy.
- biz.yahoo.com
Mintel Comperemedia: Number of credit card offers sent to Americans declines to lowest point in over three years (Business Wire via Yahoo! Finance) CHICAGO----The credit crunch is far from over and it couldn’t be more apparent anywhere than in credit card direct mail offers sent to consumers. Analyzing credit card direct mail trends, Mintel Comperemedia found that the total estimated volume for credit card acquisition offers reached only 1.34 billion during Q3 2008.
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