Page 4 - Credit Problems News Today

with him. lets go to mark preston who joine joins us now from washington. cain ducked the topic during a speech last noit. do we expect him to say anything today? >> we do. this is something that will dog him along the campaign trail, don. something he has been battling for several weeks. several women come out and allege that he sexually harassed them during his tenure at the national restaurant association and now we have this new woman, ginger white coming out saying that she had an...

explosive allegation allegations are sexually abusing two former ball boys. boeheim issued a statement, the allegations are disturbing and deeply shocking. i am personally shocked because the activities alleged -- he went on to say, i deeply regret any statements i made that might have inhibited that from occurring or been insensitive to victims of the abuse. espn first released the story, it secretly released a conversation between fines wife and lori fine and one of the coachs accuse...

good morning to you. it is thursday, august 11 now. this is "american morning." lot going on today. lets get right to it, folks. >> good morning, good morning. so much for comeback. havent seen these kind of wild swings on wall street since the darkest days of the financial meltdown. the dow diving 520 points yesterday. this time fueled by fears or at least triggered by fears. that france is on a verge of a credit downgrade. every day it seems to be something new trying terg sell-off o...

looks. all day long the dow headed south until it finally closed down an ugly 266 points. on wall street, 4:00 couldnt come fast enough. weve had eight straight days of losses, the first time that happened since the global financial meltdown? 2008. it is a scary picture, and were going to walk you through it all in just a moment. but first a look at the other stories were drilling down on tonight. its ramadan in syria. instead of peace, more bloodshed. graphic new images of bodies du...

veterans group there at pennsylvania avenue being briefed on what could happen to their ranks if the debt ceiling is not raised. also cnn is learning some states making contingency plans. california specifically taking out a temporary $5 billion loan just to help pay its bills in case congress fails to act and turmoil in the credit market makes it difficult to borrow money after august 2nd. take a walk with me. i want to look at what exactly is proposed here. we have two different plan...

I think for the long-term trend we have a problem that is difficult to deal with because we need to have the kinds of businesses that would be successful at a smaller scale. right now we are in a period where thats not the case. and smaller businesses are having more trouble competing. the short-term trend is some help on the financing side. we have not really solved the credit problems of small businesses. in fact one of the big areas we havent solved is small business owners are reliant on the...

Lets go to felicia taylor with the latest on the down day. is the standard & poors long-term outlook what did it? >> absolutely, brooke. theyve lowered the rating from negative to stable because of our credit problems. investors like that and will stay there for the time being but the s&p is looking down the road. its worried that congress isnt going to be able to fix the budget before 2013. were talking two years from now. if the outlook doesnt improve, thats going to hurt the government credit...

Want to walk through that a little bit more. of the top 20 metro areas, its really happening in just four different states. florida, california, nevada and arizona. those have been the hardest hit, however that said this crisis is fairly widespread. 154 out of the 206 metro areas that they measured for this had a foreclosure increase, they are going up. its not just people with credit problems. creditworthy borrowers are having problems here. foreclosures against prime borrowers who have conform...

Thats current, paid on time without a lot of debt. so if you dont have one because youve had credit problems, get a secured card. you put a deposit in the bank, sort of like a credit card with training wheels. that will establish that reference. the other thing, though, jean, thats important is to remember that fico, especially with fico 08 the recent version of the scoring system, really wants to see a mix of different credit accounts. not just a credit card but an installment loan like a car l...

Country to have a president to know what it is like for a house to lose value because of fannie and freddie. and owe money in student loans like i once did and grew up paycheck to paycheck. >> what do you think of an answer. >> hes trying to take a potential problem and hang a light on it. >> to a certain extent is a problem. >> it is combed over when he ran for senate and you would think it would have been thoroughly dealt with. there are years of credit card that are not released and he will h...