Word: mortgagees
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It was on a sunny day in the White House Rose Garden that President George W. Bush announced his plan to enable as many as 700,000 American families to avoid foreclosure amid a growing mortgage crisis. "I've made this a top priority to help our homeowners navigate these...
Troubles for hedge funds started earlier this year when the stock market began to fall on fears of losses in mortgage-related bonds.
Brown's speed-of-light transformation from champion of market liberalization to strict regulator has left even his allies shaking their heads in disbelief. "Who would have dreamed that a financial crisis would have given Labour a lifeline?" marvels former Home Secretary David Blunkett. One reason is that Brown has...
According to Rafael Martín, the mayor of Alameda de la Sagra, the town's coffers have seen a drastic reduction in income - from an average of $140,000 in recent years to $35,000 - as building license fees have dried up. Although he is determined not to cut...
On the other hand, if Obama has run a risk-averse campaign, and McCain at times a reckless one, it may reflect reality as much as reflexes. "Two candidates aren't starting on a level playing field," argues Russell Riley of the Miller Center of Public Affairs. "We hear a...