Banks and Finance

March 19, 2008 - The Center for Responsible Lending reports on a major development in Arkansas:

March 17, 2008 - The business news is awash with panic today, what with financial stalwart Bear Stearns avoiding bankruptcy only by being gobbled up by J.P Morgan.

March 6, 2008 - Pundits are working themselves into a dither about whether the U.S. is or isn't officially "in a recession." But for at least one segment of the country, the question is settled: African-Americans are deep in recession, and have been for a while.

February 19, 2008 - Homeowners and credit card consumers aren't the only ones drowning in debt. A new analysis by the Center for Budget and Policy Priorities warns that 20 states are facing a combined budget shortfall of $35 billion in 2009, and eight more are expected to have problems.

January 31, 2008 - According to a new report by the National Bankruptcy Research Center, Tennessee, Georgia, and Alabama have the top three highest bankruptcy rates in the nation. Arkansas, Mississippi, and Kentucky round out the top ten.

November 29, 2007 - Citing concerns about investments in sub-prime mortgage backed securities, Florida local governments have withdrawn billions of dollars from a State of Florida investment fund, including withdrawals of $3.5 billion in one day. The run on the State Board of Administration operated Local Government Investment Pool has resulted in a freeze on withdrawals from the fund.

December 29, 2006 - The New Year is almost here, but you still have two days to make a tax-deductible gift to the Institute for Southern Studies and support a voice for the progressive South!