Nissan Sells $600 Million in U.S. Auto Loan Bonds (Update1) (Bloomberg)
Dec. 2 (Bloomberg) -- Nissan Motor Co. ’s finance unit raised $600 million, 20 percent more than planned, in the first sale of U.S. auto-loan bonds since Treasury Secretary Henry Paulson shifted the focus of his financial rescue package toward supporting consumer debt.
3Q auto-loan delinquency rate jumps 15.9 percent (AP via Yahoo! Finance)
The percentage of auto loans that were past due 60 days or more rose 15.9 percent in the third quarter compared to last year, according to credit reporting agency TransUnion.
Nissan Motor to Sell $500 Million in Auto Loan Bonds (Update2) (Bloomberg)
Dec. 1 (Bloomberg) -- Nissan Motor Co. ’s finance unit plans to raise $500 million in the first sale of U.S. auto-loan bonds since U.S. Treasury Secretary Henry Paulson said the government would shift the focus of his financial-industry rescue package toward bolstering investment in consumer debt.
Nissan Motor to Sell $500 Million in Auto Loan Bonds (Update1) (Bloomberg)
Dec. 1 (Bloomberg) -- Nissan Motor Co. ’s finance unit plans to raise $500 million in the first sale of auto-loan bonds in the U.S. since the Federal Reserve agreed to support the market.
Nissan Motor Sells $600 Million in Auto Loan Bonds (Update3) (Bloomberg)
Dec. 2 (Bloomberg) -- Nissan Motor Co. ’s finance unit raised $600 million selling asset-backed securities in the first sign of demand for auto loans since U.S. Treasury Secretary Henry Paulson unveiled a plan last month to support consumer debt.
Union Workers Will 'Do Without' to Keep Jobs (WXYZ-TV Detroit)
As the Big 3 CEOs and lawmakers ready themselves for the second round of auto loan bailout hearings in Washington, the union rank and file is weighing in on concessions...
Late bills soaring in city (New York Daily News)
Credit card and auto loan delinquencies are surging in the city. In fact, by the end of next year, the number of New Yorkers expected to be at least 90 days behind on their credit card bills is projected to jump 45%, execs from a credit bureau told the News.
Democrats: Obama needs hands-on economic approach (AP via Yahoo! News)
Democrats are growing impatient with President-elect Barack Obama's refusal to inject himself in the major economic crises confronting the country. Obama has sidestepped some policy questions by saying there is only one president at a time. But the dodge is wearing thin. "He's going to have to be more assertive than he's been," House Financial Services Committee Chairman Barney Frank, D-Mass., ...
Democrats want a more assertive Obama (AP via Yahoo! News)
Democrats are growing impatient with President-elect Barack Obama's refusal to inject himself in the major economic crises confronting the country.
Flint Township psychotherapist pleads case for auto loan from Congress; she says patients are stressed by car industry ... (The Flint Journal)
GENESEE COUNTY, Michigan -- Flint Township psychotherapist Dianne Dailey doesn't need an economic expert to tell her what will happen if Congress doesn't approve a $25-billion loan to Detroit automakers. All she has to do is listen to her clients....
