Troubled mortgage finance giant Freddie Mac has announced that it will soon count Fifth Third Bancorp chief financial officer Ross Kari among its ranks. Kari’s transition will be complete by October 12, with Fifth Third appointing Daniel Poston, its executive vice president, as chief financial officer effective immediately.
 
Kari, who only served as Fifth Third’s CFO for less than a year, will be in charge of Freddie Mac’s accounting, financial planning, and investor relations, reporting to Freddie Mac CEO Charles Haldeman Jr. Both Fifth Third and Freddie Mac have been hit hard by the credit crisis, with Freddie Mac’s notorious collapse leading …read more

It seems as if money from the $700 billion bailout fund has gone toward everything from tattoo removal to fruit fly research, but now, President Obama and his administration may decide to lend a portion of the bailout pie to small businesses. Small businesses employ the majority of Americans, but the recession has sent many of them spiraling toward bankruptcy.
 
Nothing concrete is on the table yet, as administration officials confirmed today that any small business bailout only exists in talks for now. Officials quickly made it clear, though, that the White House is working with the Small Business Administration to …read more

Tom over at The 501(c) Files sent over a meme about the upcoming federal rebates with a couple of interesting questions:

If you could do whatever you wanted, how would YOU spend your $600?
Is that the same or different from how you actually plan spend it?

If I could do anything I wanted to do with an extra $600, there are two places I would put it. First, I’d give to at least a portion of it to Green For All. This is one of the most important initiatives in the US right now with its mission to help build a green …read more

An article in GreenBiz news today warns that the Bear Stearns Crisis Could Curb Clean Tech Growth, an industry sector that has been experiencing an investment boom and been on a steady, fast increase. Near the end of 2007, clean tech venture investment hit $2.6 billion up from $590 million in 2000 and with an increase of individual deals from 63 in 2000 to over 160 in 2007.
The ever-expanding credit crisis in the US is rippling through the global economy and GreenBiz reported that “As share prices around the world continued to fall sharply in the wake of the weekend …read more