Loans

Takeaway contributor, Beth Kobliner is concerned about subprime car loans. The loans allow buyers with low credit scores to find a way to pay for their cars, even if this means that they are taking on loans with high interest rates.

For the first time in 15 years, more banks closed than opened in 2010. Looking closer into the numbers shows that the majority of banks that closed were located in poor areas, whereas, most new banks opened in wealthier areas. The New York Times  Wall Street and finance reporter Louise Story has the details. Observers are […]