General Growth's Slump Shows Debt Risk For U.s. Reits (update1) - Bloomberg oct. 3 (bloomberg) -- general growth properties inc. lost more than 86 percent of its market value in the past year as investors punished the mall owner for the loans it has coming due. there may be more around the corner for other landlords. maguire ... www.bloomberg.com
House Approves $700-billion Bailout Bill - Los Angeles Times update congress has passed historic legislation to bail out the troubled financial industry. washington -- the house has begun debate on a $700-billion financial rescue plan -- sweetened by $110 billion in tax cuts -- with critics still railing ... www.latimes.com
Treasuries Remain Lower After House Approves Rescue Package - Bloomberg oct. 3 (bloomberg) -- treasuries remained lower as the u.s. house of representatives approved a $700 billion financial- rescue package, easing demand for the safety of government debt. bonds slumped for the first time in three days earlier as traders ... www.bloomberg.com
Wells Fargo To Buy Wachovia - International Herald Tribune new york : in a stunning reversal, wachovia said friday that it planned to be acquired by a rival bank, wells fargo, for about $15.1 billion in stock. the announcement came four days after citigroup believed that it had cemented a deal with wachovia ... www.iht.com
What California Can Teach Us About The Crisis [freakoutnomics] california has always fostered a kind of insane optimism that strikes outsiders as absurd and delusional and actually kind of sick. my favorite symbol of this, when i lived there, was rent a wheel,... gawker.com
Vacation Home Mortgage Loans obtaining a loan for a vacation home can be a challenge because lenders assume you are more likely to default on this additional mortgage. that risk is passed on to you in several different forms. biz.yahoo.com
Lawmakers Reverse Course, Send Bill To White House - Houston Chronicle washington — congress has passed complex and highly criticized legislation authorizing $700 billion in government money to shore up the nation's stressed financial industry. the 263-171 vote by the house sends the senate-passed version to the white ... www.chron.com
Congress Passes Bailout Bill - San Diego Union-tribune house minority leader john boehner and minority whip roy blunt are optimistic that the changes to the bailout proposal will result in passage of a $700 billion rescue package. media player house members are debating the merits of a revived and ... www.signonsandiego.com
Home Prices Continue Sharp Descent single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the national association of realtors began reporting prices in 1982. biz.yahoo.com
House Starts Voting On $700b Bailout Bill - Fox News washington — the house has started a roll call vote on historic legislation providing $700 billion in government money to bring stability to reeling financial markets. member after member went to the well of the chamber to voice discomfort and ... www.foxnews.com
News - Politics And Law - Cnet News last week, the bush administration proposed a three-page bill to bail out wall street to the tune of $700 billion. it died in the u.s. house of representatives on monday. now the house is preparing to vote again on friday -- this time, on a far ... news.cnet.com
Some States Step In With Foreclosure Rescue Loans more states may soon offer home loan refinancing programs similar to those already available from the federal government and at least nine states. the existing programs are limited in scope but give some homeowners another option to avoid foreclosure. ... www.nashuatelegraph.com
States Roiled By Credit Crisis; Schwarzenegger Suggests Fed Aid oct. 3 (bloomberg) -- u.s. states and municipalities from new york to california are facing deteriorating finances as investors shun their bonds in a credit market averse to all but the safest debt and a slowing economy erodes revenue. www.bloomberg.com
Did God Want You To Get That Mortgage? - Time has the so-called prosperity gospel turned its followers into some of the most willing participants — and hence, victims — of the current financial crisis? that's what a scholar of the fast-growing brand of pentecostal christianity believes ... www.time.com