ING DIRECT Suspends Foreclosures

"Wilmington, Del.-based ING DIRECT, the nation’s largest direct bank, said Monday morning that effective immediately, it will suspend foreclosure sales on occupied single-family properties through the end of March 2009. The company also said it would suspend all evictions...

This Is Not A Normal Recession: Moving on to Plan B

""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while...

Solving the Foreclosure Crisis – How can we fix the process?

"As discussed previously, the pooling and servicing agreement requires the servicer to forward payment to the securitized trust regardless of whether the borrower is making the mortgage payment.  This must continue until the loan is removed from the trust, and that can...

Pakistan incurred $34.5 bn losses in war against terror: FM

"NEW YORK: Pakistan suffered huge losses, amounting to US $34.5 billion, since 2001 for its role in the war against terror and wants regional ownership of the crisis in a bid to bring peace and stability to the troubled region, Foreign Minister Shah Mahmood Qureshi said...

John Mccain concession speech

"John McCain conceded, and did so with brevity, grace and dignity -- taking personal responsibility for the results. His campaign was offensive to many in so many ways, and it is impossible to forget the indignities to which he subjected our democratic process. But just as we...

Statins 'prevent artery ageing'

"Drugs given to heart patients to lower cholesterol may have an additional benefit - keeping their blood vessels feeling younger. Advanced heart disease patients have arteries which have effectively aged faster than the rest of their bodies. University of Cambridge...