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Economy - Economics USA

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http://www.waterstechnology.com

The new company will provide a single gateway for confirming over-the-counter (OTC) derivative transactions globally. This will allow buy-side and sell-side OTC derivative market participants to confirm trades and to gain access to additional service

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CalculatedRisk.blogspot.com

Foreclosure resales have emerged as a significant market factor, accounting for 40.0 percent of all California resale activity last quarter. A year ago it was 5.4 percent.

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www.efinancialnews.com/

Single gateway for confirming OTC derivative transactions globally and the initiative will accelerate the adoption of electronic processing services across the rapidly growing $454 trillion OTC derivative market where around 50% of transactions are s

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whistleblower.ml-implode.com

Surprisingly, 4 out of the 10 largest servicers have default rates exceeding 20% of their active servicing portfolios. This translates into 1 out of every 5 borrowers either being delinquent or in foreclosure.

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Reuters

Wachovia Corp, the fourth-largest U.S. bank, on Tuesday posted an $8.86 billion second-quarter loss, slashed its dividend and announced the elimination of more than 10,700 jobs after losses tied to mortgages soared.

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Pro Liberate

Last week, during a brief digression in the ongoing efforts to socialize the losses suffered by the super-rich kleptocrats at Fannie Mae and Freddie Mac, Congress conducted an authentic Orwellian hate-fest directed at "super-rich" people wh

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Daily Kos

Want to know what happens next? It’s ape ass ugly and it’s going to happen to you, so don’t say I didn’t warn you. Let’s tackle the topic at hand: The Ginormous Banking Enema of 2008

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WallstreetExaminer.com

We should see this BLS primarily conducted by foreign corporate and elitist interests, sovereign wealth funds (SWFs), and private equity firms. The criminals on Wall Street will also play a role accelerating the process, as there are fees to be colle

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2cents.dailyreckoning.com

You can hear the panic in his voice. He told me, point-blank: "It's all coming down. The whole system is crashing." He is quickly turning into an urban survivalist -- outfitting his home with solar, buying biodiesel, stocking up on food

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The Pissed Off Citizen

[movie trailer] I'm really glad that a documentary movie is finally being released on the U.S. economy and not some fabricated action movie. Coming way too late to a theater near you.

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AP

The political vision of a summer gas tax holiday died a quick death in Congress, losing to a view that federal excise taxes on gasoline and diesel fuel will have to go up if they go anywhere. Lawmakers concluded with a prod from the constructi

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www.independentpoliticalreport.com

Ron Paul said that Fannie Mae and Freddie Mac should be allowed to fail. Unlike Libertarian presidential candidate Bob Barr, who says Congress should provide a “temporary line of credit” to boost the share price of the publicly traded stock — and giv

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Michael Shedlock / Mish

Before we get to Orange county I am pleased to report that everything in the US is just fine and dandy. If you do not believe me, then I implore you to heed the opinion of the world's most beloved person, George Bush...

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