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Since last July, those same banks — Bank of America, Citigroup, JPMorgan Chase, Lehman Brothers, Merrill Lynch, Goldman Sachs and Morgan Stanley — have written down the value of the assets they hold by $107.2 billion, gutting their earnings
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[Pretty bad when the President of Iraq is the truth teller.] The current high price of oil is artificial and the market is well supplied with crude, Iranian President Mahmoud Ahmadinejad said pinning the blame on the sliding dollar. "The rise in
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Revelations that Dodd and Sen. Kent Conrad, D-N.D., the Budget Committee chairman, got cut-rate mortgages through a VIP program for friends of Countrywide CEO Angelo Mozilo - Democrats' message... massive foreclosure rescue package
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Paraphrasing the conference call: The outlook is grim. Congress needs to act "urgently". Americans are losing their jobs, losing their homes, losing their home equity. We need help!!!
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"They are tagging us because we are homeless," she said, staring at her orange wristband. " It feels like a concentration camp
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Who is responsible for the astronomical price of oil? Most of the blame, as exemplified by the recent shenanigans in Congress with oil executives defending their paychecks under questioning by sanctimonious, eyebrow-raising legislators,
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Maybe your job is secure. Maybe you are out of the stock market. Maybe you aren’t waiting for a return on some real estate investment. The problem that hits everyone is inflation, which is roaring out of control in all the sectors we care about.
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Since November, shares in Las Vegas Sands, the owner of the Venetian and Palazzo resorts, have fallen by 38 per cent, while MGM Mirage, which controls Bellagio, Mirage and eight other Strip casinos, has dropped by 42 per cent.
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Our addiction to oil has brought us to the brink of change, and since we cannot seem to curb this dependency on our own, it looks like nature is going to do it for us whether we like it or not.
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Florida recorded over 37,000 filings and 4,300 bank repossessions. Nine of the top 10 cities with the most foreclosure filings were in either Florida or California.
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In light of John McCain's comment on the Today show attesting to the insignificance of the continued presence of troops in Iraq, the next time a pollster asks you which is the more important issue in the campaign, the war or the economy; tell the
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Farmers who have lost acres to flooding must now face a difficult choice: leave their fields idle and collect insurance payments or try their luck at growing soybeans, which have a later growing cycle but which also are vulnerable to overly wet soil.
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What is most frightening is how quickly values are dropping as a result of this. With as much bank REO inventory selling for as deep of discounts as we are seeing, it is forcing an immediate and swift mark-to-market change in values of entire neighbo
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(First Hillary 'suspends' her campaign, then the dollar rallies from the grave. I guess I don't know anything :)
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A whopping 65.5% of 1,654 homes sold by Realtors in May were bank-owned, foreclosed, homes. The median sales price in Sacramento County and the City of West Sacramento May was $230,250, down 34.2% from a year ago.
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A whopping 65.5% of 1,654 homes sold by Realtors in May were bank-owned, foreclosed, homes. The median sales price in Sacramento County and the City of West Sacramento May was $230,250, down 34.2% from a year ago.
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The "rise" in gas prices is just another political illusion. The problem is fake money from the criminals called the Federal Reserve and their partners in crime, the people called the federal government.
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Gold is poised to climb back above $1,000 per ounce this year, as inflationary pressures and financial turmoil prompt investors to seek shelter in the metal used as a store of value. But the caveat is gold's fortunes are traditionally strongly
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Boston Federal Reserve President Eric Rosengren, also warned that inflationary pressures were being stoked by soaring energy and food prices, and after aggressive Fed interest rate cuts since September.
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Gazprom, the Russian group that supplies a quarter of Europe's natural gas, expects the price of crude oil to almost double within 18 months and to take gas prices higher with it. "We think it will reach $250 a barrel in the foreseeable futu
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[When you are sitting on a huge pile of US dollars that nobody wants, where are you going to spend them?] Abu Dhabi is negotiating an $800 million deal for the Art Deco treasure that has defined the Midtown skyline since 1930.
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With the economy soft and thousands of Philadelphians delinquent on their mortgages, Sheriff Green this spring refused to hold a court-ordered foreclosure auction. [but still jailed pot smokers]
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Delinquencies grew the fastest in Alaska, of all places, during the first quarter — rising 28.4 percent, enough to top rising delinquencies in California, which saw DQs jump 25.4 percent, and Nevada, where DQs jump 24.1 percent.
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Delinquencies grew the fastest in Alaska, of all places, during the first quarter — rising 28.4 percent, enough to top rising delinquencies in California, which saw DQs jump 25.4 percent, and Nevada, where DQs jump 24.1 percent.
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For millions of Europeans who braved the Atlantic Ocean for a glimpse of the Statue of Liberty and dreams of a lavish life, there was little thought of ever emigrating back. Yet for a new generation of Americans the Old Country is becoming a new c
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Vest said Arizona is one of nine states in recession. The others: California, Nevada, Florida, Minnesota, Wisconsin, Tennessee, Ohio and Rhode Island.
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Oil prices are on the minds of many Americans as gas hits $4 a gallon, and continues to surge. How high can prices go? How can we solve these problems? What, or who, is to blame?
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[save themselves is another matter] The European Central Bank is opting for a monetary purge. So too is the US Federal Reserve, now ruled from Dallas. Both are embarked on policies that must lead to retrenchment across the Atlantic world.
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``It was drive until you qualify'' for a mortgage, says Robert Lang, director of the Metropolitan Institute at Virginia Tech in Alexandria, Virginia. ``You can't do that anymore.
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Lehman Brothers Holdings Inc. (LEH) said Monday it lost $2.8 billion in the second quarter and plans to sell $6 billion in stock to beef up its capital base.
