Word: bankses
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Details of the plan are sketchy, but Ivey says the Governor favors the approach taken by California Gov. Arnold Schwarzenegger - a proposed 90-day freeze that could conceivably give struggling homeowners the ability to renegotiate their loans to more favorable terms. However, the California plan, as envisioned by Schwarzenegger, would...
One indicator of the severity of the crisis is the number of homes ending up in the hands of banks, which really don't want to be in the real estate business. These properties are known as "real estate owned" or REOs, which is typically a house or condo that...
Yes, there will be plenty of pain. Kroeber and others predict a rough next few months. They also concede that a sharp decline in exports will hit China hard, possibly cutting 2.5 percentage points off growth in 2009. There's also the strong likelihood that tens of millions of dollars...
Some of the problems China now faces are a result of economic policies that are finally kicking in at an inopportune time. Concerned earlier this year about spiking inflation and a blistering yearly growth rate of 11% or more, China's economic czars set out to cool things down. They...
DIED Boris Fyodorov, 50, a former Deputy Prime Minister under Boris Yeltsin, was a well-known reformer who co-founded the United Financial Group, one of Russia's leading investment banks. He spoke against corruption, demanding corporate oversight.