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...with a report that said less than 1% of these resetting mortgages were being modified. At that point I thought it was important to start asking questions, because I didn't know what else to do. We didn't have jurisdiction. And now we're seeing the external cost of these foreclosures. The foreclosure crisis is still at the heart of our economic problems...

Author: /time Magazine | Title: Q&A: The FDIC's Boss on Banks, Loans and Credit | 10/17/2008 | See Source »

...interest and property-tax deductions into cashable tax credits; by reforming bankruptcy laws to allow expedited restructuring, which would bring down the value of the mortgage when the price of the house is below that of the mortgage; and even government lending, taking advantage of the government's lower cost of funds and passing the savings on to poor and middle-income homeowners...

Author: /time Magazine | Title: Nobel Laureate: How to Get Out of the Financial Crisis | 10/17/2008 | See Source »

...hundreds of retail locations all over the world. The philosophy behind its fashion falls somewhere between comfy minimalism and 1980s thrift-store retro. But, given its prices, its clientele, and a recession, the question arises—will there be a place for t-shirts and spandex that simply cost too much?In the late 1990s, Dov Charney—hailed before as the Larry Flynt of fashion—developed his idea of American-made clothing and eventually began operations in a Los Angeles factory in 2000. Despite relying on sex in his advertising and personally racking up sexual...

Author: By Andrew F. Nunnelly, CRIMSON STAFF WRITER | Title: "American In Peril" Outfitters | 10/17/2008 | See Source »

...argument is ice cold because his call-to-arms is rather unoriginal, as is the way he argues it. His thesis is something we’ve heard many times before: “everybody, in time, is going to be forced to pay the true cost of the energy they are using, the true cost of the climate change they are causing, the true cost of the biodiversity loss they are triggering, the true cost of the petrodictatorship they are funding, and the true cost of the energy poverty they are sustaining... The ability to develop clean power...

Author: By Erin F. Riley, CRIMSON STAFF WRITER | Title: New Book Not Hot or Original | 10/17/2008 | See Source »

...story is worse for people in areas of the country, such as Scottsdale, AZ, or Glen Ellyn in suburban Chicago, where even modest houses can be in the $500,000 range. A $600,000 mortgage will now cost $4,319 a month, or nearly $500 more a month, and $6,000 more a year, than it did six months...

Author: /time Magazine | Title: The Bank Bailout's Side Effect: Rising Mortgage Costs | 10/16/2008 | See Source »

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