AP – Two lawmakers in Congress are prodding the Federal Reserve to provide more protection so that credit card users don’t get socked by exorbitant interest rates when they fall behind on their payments.
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More credit card protection sought from Fed
(AP)
Pakistani authorities say the Ghazi Force was formed in reaction to a deadly 2007 attack by security forces against the Red Mosque, a stronghold of Islamic militants. Officials believe the group is behind several major bombings in the capital previously blamed on the Taliban.
AP – The White House’s homeland security and counterterrorism adviser says there is no evidence that a cyber attack was behind the chaos that shook Wall Street last Thursday.
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White House sees no cyber attack on Wall Street
(AP)
U.S. News & World Report – Hundreds of thousands of Americans who fall behind in their bills and seek refuge by filing for bankruptcy get a distressing surprise: If they are willing to ruin their credit for years, they can walk away from their houses, turn in their cars, and wipe out their credit card bills, but they typically can’t erase a penny of their student debts.
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New Hope for Debtors Struggling With Student Loans
(U.S. News & World Report)
Reuters – Clients of Goldman Sachs are standing behind the bank after the top U.S. securities regulator slapped fraud charges against the Wall Street powerhouse over its marketing of a subprime mortgage product.
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Goldman clients stay loyal to the bank, for now
(Reuters)
AP – This sprawling metropolis is built atop one of the richest oil basins in the world. Wells dot the city landscape, some hidden behind hollow building facades much like a Hollywood movie set, or, in the case of Beverly Hills High School, encased in a tower painted with flowers.
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Regulators accused of lax oversight at LA oilfield
(AP)
U.S. Marines and their Afghan counterparts are tightening their hold on the Taliban stronghold of Marjah, in southern Afghanistan. But hundreds of deadly homemade bombs, or IEDs, remain behind.
The Toyota scandal is being watched in Japan — especially testimony by the automaker’s president Akio Toyoda in a Congressional hearing on Wednesday. Toyoda’s grandfather founded the company. Harumi Ozawa, a reporter with AFP, tells Steve Inskeep that the Japanese public seems to be behind Toyoda because his actions seem sincere.
AP – The percentage of homeowners late with mortgage payments hit another record during the last three months of 2009, and the pace at which they fell behind took a turn for the worse, a new report says.
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Mortgage delinquencies tick higher in 4th-qtr 2009
(AP)
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