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Daily Mail
The Daily Outrage: Bailed-out bank boosting some salaries by as …
The San Francisco Examiner, California
WHAT: Bailed-out Citigroup is increasing base salaries of thousands of managers by as much as 50 percent. WHY IT’S HAPPENING: In a contemptuously transparent scheme to bypass new federal restrictions on executive bonuses for taxpayer-aided companies, …
Executive pay WatertownDailyTimes.com
Citi Boosting Salaries [...]
Written on June 25, 2009 | Posted in
Bail Out Plan,
Housing,
Lending |
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WASHINGTON – President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America’s troubled financial institutions, proposing the most ambitious revision since the Great Depression. Continue
Tags: Bail+Out, Banks
Foreclosures rise with unemployment | Geithner says more time is … – Examiner.com
Examiner.com
Foreclosures rise with unemployment | Geithner says more time is …
Examiner.com
Foreclosures and job losses continue to dominate headlines nationwide. During the first quarter of 2009, the percentage of borrowers behind on their mortgage, or in foreclosure, doubled from a year earlier, to nearly [...]
Stocks edge higher as investors look to banks – The Associated Press
Globe and Mail
Stocks edge higher as investors look to banks
The Associated Press
NEW YORK (AP) — Investors are showing little reaction to word that 10 of nation’s largest banks can repay $68 billion in bailout money. Stocks are moderately higher but traders are reacting [...]
Written on June 9, 2009 | Posted in
Bail Out Plan,
Housing,
Lending |
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Why Home Prices May Keep Falling – New York Times
Why Home Prices May Keep Falling
New York Times, United States
That would leave us with a buyer and no seller, providing an upward kick to the market price. For this reason, not all economists agree that home price declines are really predictable. Ray Fair, my [...]
Written on June 7, 2009 | Posted in
Housing |
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If you want to be in the right place when the recovery starts, that place may be in Colorado, Idaho, Oregon, Texas or Washington. The recession didn’t start at the same time in every state, and it won’t end at the same time either. A new forecast Continue
Written on June 6, 2009 | Posted in
Housing |
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Money High Street
US Mortgage Rates Jump to Highest Since December
Bloomberg
It’s those payments that have brought about a level of stability in housing unit sales.” Rising rates may deepen the US housing slump and sideline consumers hoping to refinance or purchase their first house. The number of Americans signing contracts to …
US mortgage rates surge to [...]
Written on June 4, 2009 | Posted in
Housing,
Lending |
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ABC News
Pending homes sales surge in April
Daily Finance, NY
The United States has massive inventories of both new and existing homes — each housing classification has inventories that are roughly double what a healthy market contains. Hence, the pending home sales trend represents a minor step in what will be …
US STOCKS-Futures flat ahead of pending [...]
Written on June 2, 2009 | Posted in
Featured Articles,
Housing |
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NEW YORK (AP) — Financial stocks came under pressure Tuesday as several big banks scrambled to raise capital to help repay government bailout funds. A negative outlook on the sector from Moody’s also weighed on stocks. The moves came as the banks Read Full Article
Written on June 2, 2009 | Posted in
Bail Out Plan,
Lending |
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Obama needs a Plan B to arrest foreclosures – or elseNew York Daily News, NYThe key threat is the still mounting foreclosure crisis, which appears set to overwhelm the Obama Administration's plan to stem it. The administration's economic successes, including the fiscal stimulus and bank stress tests, will be for naught unless …
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