UK: Banks 'use credit crunch to milk borrowers of £3bn': Banks were accused of 'milking' nearly £3billion extra cash from homeowners and blaming the credit crunch. Lone accountant takes on IRS and wins: It took seven years, but Charles Ulrich did something many people dream about, but few succeed at: He beat the IRS in a tax dispute. Not only that, but tax experts say potentially millions of other taxpayers could benefit from his victory. Auto industry seeks $50B in loans from Congress: Low interest loans would be used to help them modernize the industry's assembly plants and develop next-generation fuel-efficient vehicles. The big secret in U.S. housing : Taxpayers need answers if billions are to be required in a potential crisis or if Congress and Treasury plan to maintain Fannie and Freddie in their present form. Yet debate in the campaign is negligible.
Monday, 25 August 2008
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