US federal home loan banks get $100B in extra mortgage-buying power: The Federal Home Loan Bank system can increase purchases of Fannie Mae and Freddie Mac securities by $100 billion (€64.8 billion) over two years in the latest government effort to stabilize the devastated market for mortgage-backed assets.
Bank of America may face $6.5 bln loan loss-analyst: Bank of America Corp, the largest U.S. retail bank, may set aside a record $6.5 billion in the first quarter to cover possible future loan losses, including in its mortgage and home equity portfolios, according to a banking analyst.
Food stamp use hits all-time high in Ohio: Amid a sluggish economy, a record 1.1 million Ohioans are getting food stamps, the state’s welfare agency said. That’s about 10 percent of the state’s population.
Inflation Hits the Poor Hardest: Inflation is walloping Americans with low and moderate incomes as the prices of staples have soared far faster than those of luxuries
California: Ontario thinning homeless population at Tent City: Authorities will begin forcing people without local ties to leave a homeless encampment that has grown to nearly 400 residents.
Banks warned to curb payouts as crisis bites: BANK OF England governor Mervyn King used his now-famous meeting with the chief executives of the "big five" UK banks last Thursday to admonish them for increasing shareholder dividends, as they came begging for more aid to help resolve their liquidity problems, the Sunday Herald understands.
The Financial Destruction Of The Average Man
Oil Down On Demand And Dollar Worries
Home Sales Up Slightly - Price Down Sharply
JP Morgan May Spend More On Bear Stearns
Another Way Around The Credit Crisis
Gas Prices Skyrocket To All-Time High
Fed Rescue Stopped A Derivatives 'Chernobyl'
Qualified Borrowers Face Credit Squeeze
Are ALL Big Wall St Investment Banks Insolvent?
US Consumers Battered By Inflation, Soaring Fuel Costs
Bank Of England Tries To Ease Market Strain
Fed's Move To Stop Panic Gets Praise, Scrutiny
S&P - More Pain Ahead - Lehman, Goldman Negative
Banks Lose To Deadbeat Homeowners
Silver Shortage - 19 Dealers 'Sold Out'
Goldman, Lehman Cut To 'Negative' By S&P
LaRouche - 'Paulson Is 'F**king Incompetent'
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