Foreclouser - bailout is going to be dead-on-arrival

"   According to the The Associated Press (Alan Zibel 03/02/08). The word bailout isn’t popular in Washington, D.C., these days, so the efforts by both political parties to clean up the housing mess are all skirting the issue. "Anything that can be described as a...

The Color of Subprime

"Rich people don't particularly mind talk about helping poor people -- unless that talk starts linking the wealth of the one to the poverty of the other. Take, for instance, the mess around subprime mortgages. That's just what United for a Fair-Economy has done in State of...

Pertamina to lift investment by 50 percent

"Indonesia is Asia Pacific's only member of OPEC, but ageing fields and lack of investment has made the country a net crude oil importer since 2006, although it is still a net energy exporter, thanks to a huge supply of natural gas and coal.The country is also Asia's largest...

Broke but not out! Free E-book get your 2008 started

As the 2008 New Year gears up and 2007 now behind us, some will be cheering, some will be wonder what to expect next. Funny how life goes with all the twist and turns, some for the good, some not so good, as we reflect over 2007 going out, do we look with relief, or with a...

On the Hunt: Bush backer seeks $1 billion for Peru project

"On the Hunt: Bush backer seeks $1 billion for Peru project DEPARTMENT Washington Babylon BY Ken Silverstein PUBLISHED December 18, 2007 Beginning tomorrow and over the next few weeks, the World Bank and other lenders will be voting, apparently in favor, on a package worth...

Agreement to Freeze Mortgages

" Major mortgage lenders have agreed to lock in interest rates for five years on adjustable-rate loans made to financially troubled homeowners who obtained adjustable-rate subprime mortgages between Jan. 1, 2005, and July 31, 2007. The deal with the Bush administration...

'Think outside the bank' suggests Ode Magazine as 'Zopa' launches in the US

Rather than go the Bank or the Family and Friends route more and more people have discovered 'peer to peer' banking. Call it the developed world version of micro-lending. The December Issue of Ode Magazine tells us about some of the options available and the thinking...

Bush to outline 5-year rate freeze plan: sources

" WASHINGTON (Reuters) - President George W. Bush is expected to outline on Thursday a plan to freeze mortgage rates for five years for many U.S. homeowners facing sharp increases in their monthly payments, industry sources said on Wednesday. Final details of the plan are...

Plans to forestall foreclosures

" USA Today reports (Noelle Knox 12/4/2007) that Treasury Secretary Henry Paulson will unveil a plan on Thursday to forestall foreclosures and ease the housing recession. The release of plan's details will coincide with the release of data from the Mortgage Bankers...

Banks increase provisions for loan losses

" The National Association of Realtors reported that sales of existing single-family homes and condominiums dropped by 1.2 percent last month to a seasonally adjusted annual rate of 4.97 million units. The median price of a home sold last month declined to $207,800, a drop...

Mortgage crisis - Good Morning Washington

" A while back we reported that the bridge tender at the Brickell Avenue bridge  sleep on duty causing residents being rudely awakened from their slumber by a 140-decibel horn being blown consistently for several minutes. These horns are from tug boats towing a ships...