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Asian Stocks Crash On Recession Concerns; Nikkei 225 Plunges - Bloomberg
oct. 16 (bloomberg) -- asian stocks crashed, driving the msci asia pacific index down the most on record, on concern the global economy will sink into a recession and after standard & poor's said south korean banks may fail to refinance debt. msci's ...
www.bloomberg.com

Small Banks Not Immune From Housing Fallout
unlike the biggest u.s. banks, with nationwide reach, smaller community and regional banks largely avoided making risky home loans. but their exposure to residential development and construction loans means they might still be hurt by the crisis.
www.npr.org

Mortgage Losses Mounting
uncle sam is bailing out wall street wheeler-dealers who invested in home loans, but there’s no relief in sight for the homeowners on main street. on southeast main east of 144th avenue, stretching from outer southeast portland into gresham, 14 homeowners have been hit with foreclosure ...
www.portlandtribune.com

Asian Stocks Tumble On Recession Concerns; Nikkei 225 Plunges - Bloomberg
oct. 16 (bloomberg) -- asian stocks tumbled, driving japan's nikkei 225 stock average down more than 10 percent, after u.s. retail sales fell more than estimated and standard & poor's said it may downgrade south korean banks' credit ratings. korea's ...
www.bloomberg.com

Local Bankers Assess Damage From Mortgage Crisis, Offer Solutions - Santa Cruz Sentinel
last month, when washington mutual became a casualty of too many bad loans, santa cruz community credit union saw an influx of accounts. so did bay federal credit union, santa cruz county bank and lighthouse bank. all are locally owned. wednesday ...
www.santacruzsentinel.com

Know Rules When Buying Historic Home
restrictions and expenses often apply for buyers who purchase a home in a historic district.
biz.yahoo.com

Dismal American Retail Figures Help Send Stock Markets Lower
toronto - stock markets retreated wednesday morning as a dreadful reading on american retail sales showed how the global credit crisis is depressing consumers. [...]
www.thebarrieexaminer.com

Banks Borrow Record Amount From Fed - Associated Press
washington (ap) -- banks borrowed in record amounts from the federal reserve's emergency lending facility over the past week, while investment banks drew loans at a brisk - though slightly lower - pace, fresh proof of the credit problems gripping the ...
hosted.ap.org

On Native Ground - American Reporter
dummerston, vt. -- i have written often over the past few years about the house of cards that is the american economy, but the events of the past week should frighten everybody. first, there was the collapse of indymac, a california bank deeply ...
www.american-reporter.com

Adviser Says Lenders Still Making Loans For Low-credit Families
mortgage money is still out there – even for people with low credit scores, according to one local mortgage adviser.
cumberlink.com

New Credit Card Behavior Study From S&p Highlights Growing Strain On American Consumers
as the downturn in the economy deepens, u.s. credit card users are increasingly having a difficult time managing their personal debt according to the results of a new survey by standard & poor's about how american consumers use credit cards to manage personal debt.
biz.yahoo.com

America Catches Up - Cfo.com
with luck, the american government’s bank recapitalization plan will save the financial system, but it is probably too late to save the economy from succumbing to the combined impact of shrinking wealth and the credit crunch. american officials ...
www.cfo.com

Transcript: Final Presidential Debate - Cbs News
e-mail story (commission on presidential debates) the following is a transcript of the third and final presidential debate between republican sen. john mccain , ariz., and democrat sen. barack obama , ill., on oct. 15, 2008 at hofstra university in ...
www.cbsnews.com

The American Dream Needs Credit
16 october, 2008 - the 2008 us presidential election is barely three weeks away yet it rarely makes the front page of mainstream us newspapers these days.
www.kuenselonline.com

Homeowner Advocate Demands Justice For America's Consumer
the home mortgage process is being exposed. industry expert ted krager reveals the underhanded methods used to cheat millions of homebuyers. the reality of the economic downturn, the collapse of the banking industry, and the devaluation of the housing market is impacting nearly every american and they are demanding to know how this crisis started.
biz.yahoo.com

Bofa Oks Foreclosure Relief For Californians - San Francisco Gate
the pact stems from cases filed earlier this year by california and other states, alleging countrywide, based in calabasas (los angeles county), used misleading advertising and unfair business practices to dupe customers into taking out home loans ...
www.sfgate.com

Cnn Classroom Edition: Busted! Mortgage Meltdown - Cnn
home loans gone bad are wrecking the u.s. economy. cnn teams up with fortune magazine's andy serwer to investigate how the housing boom went bust. the fallout begins on wall street, where billions of dollars in american mortgages were bought, bundled ...
www.cnn.com

Biodata Of The Candidates
barack obama was raised by a single mother and his grandparents. they didn't have much money, but they taught him values from the kansas heartland where they grew up. he took out loans to put himself through school.
thestar.com.my

Black Homeowners Need To Adjust Priorities
n o one knows yet how bad the current financial crisis is, but we do know this: when america gets the flu, the african-american community gets pneumonia.
www.dailypress.com

Alarms Sounded In Push For $700 Billion Bailout - Associated Press
washington (ap) -- federal reserve chairman ben bernanke and treasury secretary henry paulson aren't saying it will be a return to the great depression if the government doesn't pass a $700 billion bailout bill, but their views are decidedly on the ...
hosted.ap.org