Archive for July, 2009
Friday, July 31st, 2009
AFP - Eleven US Senators called on US Federal Reserve Chairman Ben Bernanke Friday to make public the names of financial institutions rescued with taxpayers dollars, and how much they received.Source:US Senators push for Fed disclosures
(AFP)
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Friday, July 31st, 2009
Reuters - Goldman Sachs Group Inc and Deutsche Bank AG (DBKGn.DE) were issued subpoenas by a U.S. Senate panel looking for evidence of fraud in the 2008 mortgage-market meltdown, the Wall Street Journal said, citing people familiar with the matter.Source:Senate probes Goldman, Deutsche: report
(Reuters)
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Friday, July 31st, 2009
AP - The recession likely eased in the spring, with the U.S. economy no longer in free-fall.Source:GDP report is likely to show recession eased in 2Q
(AP)
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Friday, July 31st, 2009
Reuters - California Govenor Arnold Schwarzenegger will call lawmakers into a special session to overhaul the state's tax system, which relies heavily on personal income taxes that are at the root of its budget crisis.Source:California legislature to take up tax changes
(Reuters)
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Friday, July 31st, 2009
Have you heard of Reverse Mortgage? Even thought I’m no financial advisor, as I’ve been realtor from Toronto for many years, every day I deal with people who know somebody that just got or is considering to take this financial product. Reverse mortgage is a unique kind of house loan ...
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Thursday, July 30th, 2009
Reuters - The Walt Disney Co posted a 26 percent lower profit on Thursday as the global economic woes pulled down operating profits by double digits at its powerhouse media networks and theme parks.Source:Disney profit pulled lower by parks, networks
(Reuters)
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Thursday, July 30th, 2009
AP - Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke staked out opposing sides Friday in a turf war over who should protect Americans from shady mortgage lending, abusive credit card fees, payday loans and other high-cost or risky financial products.Source:Geithner, Bernanke at odds on consumer protection
...
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Thursday, July 30th, 2009
AP - More than 90 percent of the nation's largest metropolitan areas saw their unemployment rates climb in June from the previous month.Source:May-June joblessness up in 90 pct of metro areas
(AP)
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Thursday, July 30th, 2009
AP - The Obama administration, scrambling to get its main housing initiative on track, extracted a pledge from 25 mortgage company executives to improve their efforts to assist borrowers in danger of foreclosure.Source:Feds push mortgage companies to modify more loans
(AP)
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Thursday, July 30th, 2009
If you suspect the gold rush has stopped with the dreading arrival of the recession period, then think again. More than anything, this should be the right time for you to think about thinking of gold, gold, and gold. It is not at all very unlikely to try that. Pure ...
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