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The Obama plan has no end in sight for the bad news
Homelessness and unemployment spike with gas prices by the end of March 09. Obama says the job loss problem is not over and he still has no plan for any industry except for a window plant in Pa. that employs about 60 workers, according to Barack. The Stock Market is still... 70 views | 10 recommendations | 1 comment
The mystery that is: Re-Capitalisation and the Economic Crisis
What exactly is capital? Well in this case it's the outstanding mortgages (the money it has lent and expects to get back) plus the value of the business itself, all minus the debts it owes (including to savers).For example - bank "Safe & Secure" has lent out £1000 (plus...US Fed Slashes Lending Rate
"US Fed slashes lending rate Tuesday, 16 December 2008 19:33 The US Federal Reserve has slashed its base lending rate from 1.0% to virtually zero, saying its target federal funds rate would be a range of zero to 0.25%. The unprecedented low rate announced by the...The Housing Crisis and a Fight-Back Program
"The current economic crisis has been building for years. At its root is the massive elimination of decent-paying jobs and lowering of wages in the U.S. and worldwide, a phenomenon explained and analyzed so well in the party’s newest book, “Low-Wage Capitalism.”The...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...The foreclosure freeze tide
"WASHINGTON (Legal Newsline)--As Capitol Hill remains under siege from all sides of America's faltering economy, pressure to stem the tide of foreclosures continued to make inroads as Fannie Mae and Freddie Mac became the latest to join the foreclosure freeze movement.The...Probing Golden West
"NEW YORK (AP) - The Department of Justice is investigating the mortgage lending practices of Golden West Financial Corp., the savings and loan bought by Wachovia Corp. for $24 billion at the height of the housing boom in 2006.U.S. Attorney Joseph Russoniello told The...
created by MortgageAuditor | 1 year ago | updated 1 year ago
137 views | 0 recommendations | 0 comments
137 views | 0 recommendations | 0 comments
Savvy Homeowners Are Turning the Table on Lenders
"WASHINGTON, D.C., Nov. 18 (SEND2PRESS NEWSWIRE) — National Loan Audits (www.nationalloanaudits.com) announced today that since only a fraction of distressed homeowners needing a loan modification are getting the help they need, borrowers should obtain a Forensic Loan... Your wedding and honeymoon plans of how to please.
"The first is usually a wedding, where more than 15 thousand dollars is the cost. The big question is: who foot the bill? In the 21st century are treated in a way of shifting costs to guide them. When we left from the date of the wedding the bride’s family pay for all...Chinese FM Leaves Peru On Emergency Call From Home
" China's Finance Minister Xie Xuren was called back from an international economic conference in Peru before the meeting began, following orders from Beijing to help resolve problems at home, an organizer of...Brown seeks IMF boost.... China feels crisis
The aggresive rate cut anounced by the RBI has created new debate that developing world is also feling the pain the GDP forcast has forcasted downword target under the shadow of financial crisis.India,China has...
created by pankaj kumar | 1 year ago | updated 1 year ago
188 views | 6 recommendations | 12 comments
188 views | 6 recommendations | 12 comments
Asia stock markets surge after Fed rate cut
"Asian stock markets surge after Fed rate cut; South Korean index up 12.7 percent HONG KONG (AP) -- Asian stock markets rallied Thursday, led by a 12 percent jump in South Korea, after the U.S. Federal Reserve slashed interest rates to help revive the world's largest economy... Gloomy forecasts for UK economy
[Gloomy forecasts for UK economy T The Bank of England governor and an influential think tank have predicted that the UK economy is likely to sink...U.S. May Take Ownership Stake in Banks
"Treasury Department May Take Ownership Stake in BanksHaving tried without success to unlock frozen credit markets,the Treasury Department is considering taking ownershipstakes in many United States banks to try...Denmark's central bank to back banks until guarantee passes
Denmark's central bank is to tackle problems with any individual banks until the country's parliament approves a scheme to guarantee deposits. ""Until the bill has been passed, Denmark's Nationalbank will take...
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