Mortgage and Financial News From 2009-2-3 Page 01

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• Mortgage study in Ohio details racial disparities (Local 12 Cincinnati)

  A new statewide study says higher-income blacks in Ohio were more likely to be denied home mortgages than lower-income whites.
  2009-02-03 08:55:52

• Wells Fargo defends, then cancels Vegas junket 4 months after $25B taxpayer bailout (Minneapolis-St. Paul Star Tribune)

  I would advise this newspaper to do some research and actually find out who is going to this banquet. For one thing the majority of the … read more time they are there they will be in business sessions.
  2009-02-03 02:11:42

• Unfinished Business (GoldSeek.com)

  Paco Alhgrin, Seeking Alpha Here, I'll simplify it: your government, through Legal Tender laws, is forcing you to use dollars to navigate the economy in which you reside. It is then printing this currency with reckless abandon.
  2009-02-03 04:34:41

• Coalition to vote against stimulus plan - Australian Broadcasting Corp.

  Federal Opposition Leader Malcolm Turnbull says the Coalition will vote against the Government's proposed $42 billion economic stimulus plan. Speaking in Parliament after the Government introduced six bills to implement the plan, Mr Turnbull said the ...
  2009-02-03 05:20:00

• Blame in Spain falls mainly on the ECB - Times Online

  Jean-Claude Trichet had better not take his summer holidays in Spain this year. The European Central Bank's President has already made clear that a cut in eurozone interest rates tomorrow is as unlikely as, say, Britain winning this year's Eurovision ...
  2009-02-03 07:36:00

• EDITORIAL: Raise interest in cutting rates - TradingMarkets.com

  A considerable part of the Rs 3.9 trillion injected by the Reserve Bank of India in the aftermath of the global credit squeeze is caught up in the banking system. The State Bank of India's treasury income jumped 51 per cent to Rs 6,000 crore in the ...
  2009-02-03 03:25:00

• New Iceland government promises to fight crisis - Tehran Times

  REYKJAVIK (Reuters) -- Iceland named an interim center-left government on Sunday which promised to rebuild its shattered economy while cushioning its people from the worst of the crisis. Johanna Sigurdardottir of the Social Democratic Alliance will ...
  2009-02-03 04:37:00

• WSFS Reports Full Year and 4Q '08 EPS; Maintains & Declares a $0.12 ... - StreetInsider.com

  Mark A. Turner, WSFS' President and CEO said, "Our results for the fourth quarter reflect a deepening recession in the global and national economy and, more specifically, in the markets we serve. We proactively and appropriately confronted this ...
  2009-02-03 05:49:00

• Do high interest rates suppress foreclosures? - Union-News & Sunday Republican

  Graphic by Greg Saulmon. Hampden County foreclosures, in green, plotted against the prime rate, in blue. The math is simple: You bought a house sometime between December 12, 2001 and September 1, 2003. The timing couldn't have been better; during ...
  2009-01-27 05:57:00

• Sterling falls broadly; euro/stg stays above 90 pence - Reuters India

  LONDON, Feb 3 (Reuters) - Sterling fell against the dollar and euro on Tuesday after the previous day's heavy losses with investor concerns over UK economic and financial sector health still hampering sentiment. British share prices were struggling ...
  2009-02-03 08:02:00

• No One Gets Out of This Financial Crisis Alive: William Pesek - Bloomberg

  Feb. 4 (Bloomberg) -- Australia’s budget surplus is history. That’s the upshot of the government’s plan to spend A$42 billion ($26.5 billion) on grants and infrastructure to keep the economy out of recession. It will produce a A$22.5 billion ...
  2009-02-03 05:27:00

• Australia plans $26 billion stimulus package - Daily Times

  CANBERRA: Australia’s leader unveiled a new stimulus package Tuesday to try to shield the economy from the global downturn, promising 42 billion Australian dollars ($26 billion) in spending that will send the budget into the red for the first time ...
  2009-02-03 04:44:00

• (AFX UK Focus) 2009-02-04 00:36 REFILE-Australia govt faces upper house fight on stimulus (Interactive Investor)

  By Rob Taylor
  2009-02-03 07:04:43

• Australia will weather storm, says OECD | Money | Lismore Northern Star (Northern Star)

  AUSTRALIA will weather the global financial crisis, but should stop its stimulus strategies once its economy recovers, the Organisation for Economic Cooperation and Development (OECD) says.
  2009-02-03 07:26:53

• (AFX UK Focus) 2009-02-04 01:05 New Zealand loosens tax rules to help recession-hit firms (Interactive Investor)

  WELLINGTON, Feb 4 (Reuters) - New Zealand's government said it would pump hundreds of millions of dollars into small businesses being hit by recession through easier tax rules. The main changes reduce the tax small companies must pay in advance and cutting interest rates on overpaying or underpaying of tax. The main effect of the measures, which also included procedural changes, would be to ...
  2009-02-03 07:35:07

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