Do people laugh nervously when they hear someone say, "I'm from the bank and I'm here to help you."?
Maybe they should.
You can go with this:
- Five projects to receive stimulus funding - Jay Rey/The Buffalo News
Five local projects — including a steel processing plant and a boutique hotel — have been chosen to share a $28 million pot of tax-free financing made available through the federal government’s economic stimulus program.
The five businesses that will receive the so-called “Recovery Zone Bonds” will be announced today.
- Hiring subsidy cheered - Jane M. Von Bergen/Philadelphia Inquirer/Buffalo News
At first, busy apartment manager Theresa Trumbetti ignored the leaflet from the career center in Gloucester County, N. J., tossing it into a pile on her desk.
But when she took a second look, she was stunned.
The news? Trumbetti could hire some badly needed office help at her 970-unit apartment complex, and federal stimulus money would cover the tab.
“It’s been that shot in the arm we so desperately needed,” Trumbetti said, sitting at her desk at the Autumn Ridge complex in Blackwood. She hired two young women.
Or you can go with that:
- Lenders collecting foreclosure deficiencies - Dina ElBoghdady/Washington Post/Buffalo News
After the bank foreclosed on Fernando Palacios’s home in March, he thought he was done with what he described as the most stressful financial situation of his life.
The bank sold the home for far less than Palacios owed on it, as often happens with foreclosures. What Palacios did not see coming was the letter from his lender demanding that he pay the shortfall: $148,064.02. “I really thought I was through with this house,” said Palacios, who fell behind on payments when the economy soured and his cleaning business stumbled.
Lots of related stuff from ProPublica.
- Banks are changing overdraft policies - Ylan Q. Mui/Washington Post/Buffalo News
... Banks have long walked a thin line on overdrafts. They are a sore point for many consumers, but the fees generate billions of dollars of revenue each year. Now the Federal Reserve has stepped in to craft new regulations...
This is now so annoying I'm starting to like it:
-- George Pyle/The Buffalo News