Friday, May 29, 2009

More Dollar issues


OIL: $66

Government will now own 72.5% of 'New GM'...

Deal Reached With Bondholders...

Germany calls on Clinton to resolve GM fight...

California wants federal government to back its loans...

Cities Face Bankruptcy Curbs...

Grim forecasts for British economy: It forecast that the UK economy would shrink by 4.1 percent this year, the biggest peace time contraction since the Great Depression of the 1930s, and 0.4 percent in 2010.

GM reaches swap deal, but bankruptcy still lies ahead: General Motors Corp. said Thursday that it reached a new debt-swap deal with bondholders that likely won't save the automaker from imminent bankruptcy but should help speed the process.

Change... What change .. Delinquent Mortgages, Foreclosures Hit Record High: About 12.07 percent of mortgage loans were delinquent or in the foreclosure process during the quarter, according to the survey by the Mortgage Bankers Association, an industry group. That is the highest ever recorded by the survey, which dates back to 1972. The figure reflects an 8 percent increase compared to the first quarter of 2008.

Americans' credit scores fall as they struggle to pay bills: From the third quarter of 2008 to the first quarter of 2009 — the latest data available — the average TransUnion credit score dropped 6 points to 651, the credit bureau says. Scores fell more dramatically in states hardest hit by the housing bust: California saw a 10-point drop, for example, and Arizona, 11.

1 Of 8 US Homeowners Late Or In Foreclosure

Coming Dollar Bust - All But A Few Have NO Clue

US Troubled Mortgages Hit Record High

Dollar Is Dirt, Treasuries Are Toast, AAA Is Gone

BoE - Banks Should Be Taxed For Bailouts

Euro Poised To Inflict New Wounds On Europe

Visteon Files For Bankruptcy Protection

Rise In Gas Tax Not Feasible

World Income Seen To Decline By 3.7%

Watchdog To Hide UK Bank 'Stress Test' Results

Silver More Enticing Than Gold

China Now Firmly Controls US Debt Markets

Dow Sinks 173 As Treasury Bond Prices Fall

Dallas Federal Reserve - $99T In Unfunded Liabilities!

PetroChina Now World's Biggest Firm

US Glutton Must Crawl To World Economic Table

Oil Price Hits Six Month High

China In Race To Buy GM Euro Operations

Shell Restructuring Puts 24,000 Jobs At Risk

Asian Shares Buoyed By US Consumer Confidence

Exploding Debt Threatens America

US Stocks Up On Confidence Boost

Sterling Breaks $1.60 Mark

Why 'Too Big To Fail' Is Too Much To Take

Thousands Of Brits Rely On Food Handouts

Treasury Warns Of £70B Hole In Budget Forecasts

Banks Accused Of Exploiting Mortgage Customers

Russian Gold Output Up 38% Jan-Apr '09

US Bonds Sales Finding Market Resistance

CA's Day Of Reckoning Is Warning For Europe

Tumbling Towards A Sovereign Debt Crisis?

British Banks Revolt Against Obama Tax Plan

Record Rate Of Decline In Economic Growth

70% 1st Buyers Lose Hope Of Ever Having Home

Beware False Dawns - Downturn Still Early

Saudi Warn Of $150 Oil Within 3 Years

Tokyo Aims To Halt 'Farmland Grabbing'

Porsche On The Financial Brink

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