Mortgage and Financial News From 2008-10-5 Page 13
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Top Scoops (Scoop.co.nz)
Overwhelming American communities with mortgage, auto and credit card debt as we shift manufacturing and research capacity, jobs and approximately $10 trillion of capital offshore-much of it by illegal means-has been the US economic strategy since ...
2008-10-05 01:00:02 -
Housing market key to recovery (Belleville News-Democrat)
Experts say the most important thing that needs to happen before the $700 billion bailout even has a chance of working: Home prices must stop falling. That would send a signal to banks that the worst has passed and it's safe to start doling out money again.
2008-10-05 01:08:03 -
Can the U.S. bailout work? Fat chance (MSN Money Canada)
At best, U.S. Congress will pass a quick fix that's bound to fail in the long run. Meanwhile, some experts offer solutions -- including $500 billion in tax rebates for Americans -- that could work.
2008-10-05 01:09:06 -
A common-sense approach to deflating your debt (Dallas Morning News)
Like many Americans, Jackie and James Jensen are keeping a close eye on the economic turmoil. They've both been laid off from jobs in the past and are afraid Mr. Jensen could be laid off again. They've watched the gyrations of the stock market and are worried about their 401(k) retirement plans.
2008-10-05 01:12:59 -
Mixed reaction locally to bailout plan (The Bradford Era)
While the $700 billion bailout plan was passed in the U.S. Senate Wednesday and seemed to also gain approval in the House, Bradford Main Street business owners had mixed reactions.
2008-10-05 01:19:51 -
Wachovia spurns Citi for bigger deal - Hampton Roads Daily Press
Wachovia's abrupt change of mind on a merger partner means that now Wells Fargo likely will be the biggest bank in Hampton Roads , instead of Citigroup . Like Citigroup, Wells Fargo has no retail banking presence in Hampton Roads, or Virginia for ...
2008-10-04 11:38:00 -
Banks won't face pressure to cut interest rates - News.com.au
Government won't pressure banks to cut rates RBA could cut official rates by up to 50bp next week In-depth : The latest interest rates news and features HOMEOWNERS are most unlikely to get the full benefit of an expected Reserve Bank interest rate ...
2008-10-04 08:54:00 -
Credit bubble burst Irwin's long success - Indianapolis Star
For years Irwin Financial Corp.'s big bet on mortgages out West paid off for shareholders. Second-generation chief executive William I. Miller used his Stanford University MBA to produce a sparkling 20 percent return on equity and a stock price that ...
2008-10-04 10:27:00 -
Troubled home loans bypassed mortgage insurance - News-Press
WASHINGTON — If the problem threatening to take down the economy is bad mortgages, then why isn’t mortgage insurance taking care of it? In the 1980s and 1990s, most homebuyers could not get a mortgage with a down payment less than 20 percent ...
2008-10-04 10:05:00 -
Arkansans Vote ‘Yes’ Despite Concerns (Times Record)
WASHINGTON — Arkansas lawmakers on Friday voted yes for the second time on a financial bailout package, despite angry concern from two lawmakers about add-ons that increase the budget deficit.
2008-10-04 11:16:48 -
6th District candidates’ plans differ in Stillwater forum; Bachmann blames economic crisis on Congress, over-regulation (Crystal - Robbinsdale Sun-Post)
Thursday, Oct. 2 - Economic concerns dominated the discussion when 6th District Congressional candidates squared off in Stillwater Wednesday night, with Bob Anderson, Rep. Michele Bachmann and Elwyn Tinklenberg proposing widely differing solutions to the nation’s financial woes.
2008-10-04 11:35:35 -
Business news never so vital (The Columbian)
In the past year, and especially in the past two weeks, business news has been at the center of the biggest crisis facing the nation in a generation. Never has the need been greater for solid...
2008-10-05 12:06:13 -
Ailene Voisin: It's act II for Kings' coach (The Sacramento Bee)
Reggie Theus is one of the fortunate ones. He still has a job. He also has health insurance, a nice car and a nicer car, and homes in Northern and Southern California. If not the perfect life, the Kings' head coach certainly enjoys a comfortable existence. Coach Reggie Theus begins his second season with a task of advancing the Kings' agenda. "I've gotten a better understanding of what ...
2008-10-05 12:07:18 -
Robert Peston (BBC News)
Why the markets are calling time on Iceland
2008-10-05 12:08:39 -
Forecaster says Americans face `nasty' recession (Los Angeles Daily News)
Economist Christopher Thornberg uses one word to describe this economic mess: recession. "This is going to be a nasty one," Thornberg, a principal at Beacon Economics and a former economist at UCLA's Anderson Forecast, said late Friday afternoon.
2008-10-05 12:10:41