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Archive for May 3rd, 2006
Wednesday, May 3, 2006 Mortgage lender scales back By Ian Mylchreest Subprime mortgage outfit Ameriquest is cutting back its workforce and closing 229 branches as it moves its business entirely onto the Internet, reports the Los Angeles Times. The Orange County, Calif.-based company will let 3,800 people go from its 11,000 workforce.
The company had made its mark in lending to people with poor credit records but [...]
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Wednesday, May 3, 2006 Financial guru dies By Ian Mylchreest Even if you've already heard the news that the host of "Wall Street Week" died yesterday, take a look at the obituary in the New York Times. Written by a one-time panelist on the show, it offers more than the usual summary of his career as a financial journalist and professional prognosticator of the bull [...]
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Wednesday, May 3, 2006 Congress and taxes - a dangerous combination By Ian Mylchreest Congress is finally getting serious about its final tax legislation before election season gets into full swing. And, reports the Washington Post, last week's proposal for a $100 rebate is being hastily buried. The half-baked plan never got serious backing even from Republicans and more and more looks as if it was dreamt up by [...]
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