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economic stimulous: Last Federal Reserve rate cut? - 05/01/08 08:30 AM
The Federal Reserve cut interest rates today .25%, for the seventh straight time since September of last year. This is the lowest federal funds rate since 2004.  Many experts believe that the Fed is done cutting interest rates and will begin a new watch-and-wait policy. This new policy is due - in part - to the fact that the first Stimulus Act rebate checks are hitting millions of mailboxes this week. The Fed hopes this money gives a boost in the arm to the economy. … (0 comments)

economic stimulous: Home Front: Sacramento credit union battles foreclosures - 03/27/08 07:10 PM
Home Front: Sacramento credit union battles foreclosures
By Jim Wasserman - jwasserman@sacbee.com
Published 12:00 am PDT Friday, March 21, 2008Story appeared in BUSINESS section, Page D2
Print | E-Mail | Comments (24) |
While millions of Americans await their May "economic stimulus" checks promised by the federal government, a Sacramento-based credit union is rolling out a far more modest stimulus for some Californians.
It's a $20 million fund aimed at getting a very small number of foreclosed borrowers back into a home of their own.
"This is not just talking about the mortgage meltdown. We're trying to do something real," says Teresa Halleck, president and … (0 comments)

 

Christina Pilgrim

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