Mortgage and Financial News From 2009-5-15 Page 01
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EDITORIAL: Government-run banks - TradingMarkets.com
But wherever you come down on that issue, it is troubling that the government is preventing some banks from repaying the bailout money, at least for now. The head of JPMorgan Chase & Co. said recently that he wanted to repay the bank's TARP funds ...
2009-05-15 12:17:00 -
REPOSSESSIONS ROCKET BY 50% - Daily Express
And repossessions have soared by more than 50 per cent over the past year. About 12,800 properties were repossessed during the three months to the end of March, up from 8,500 during the same period last year, according to the Council of Mortgage ...
2009-05-15 05:53:00 -
Wall Street’s New Game - Newsweek
If he were alive today, the great economist Mancur Olson would recognize today's financial conundrum. A crisis this fundamental calls for a complete rethinking of how Wall Street and other financial centers are regulated. But that's not happening ...
2009-05-15 06:08:00 -
Planet Money grew ‘organically’ from ‘A Giant Pool of Money’ (Current (Public Broadcasting))
In this Q&A Karen Everhart talks with This American Life producer Alex Blumberg and NPR reporter Adam Davidson, who produced a radio documentary about the bursting mortgage bubble, “A Giant Pool of Money,” last May, months before the implosion of the global financial system.
2009-05-15 02:14:44 -
JapanToday: Japan News and Discussion ジャパントゥデイ:日本のニュースを英語で読む (Japan Today)
Top Japanese banks tumbled to steep annual losses, hit by bad loans and plunging share prices, but said Friday that they expect to turn a profit this fiscal year.
2009-05-15 05:24:34 -
Andrew Grice: This could be a Lib Dem bonanza (Independent)
When the dust eventually settles on the MPs' expenses scandal, who will be the biggest losers, and can there be any winners? In the short term, I suspect that both Labour and the Conservatives will suffer. You would expect the governing party to bleed most after such a shock to the system and this is the biggest one I have seen in 25 years in the Westminster village.
2009-05-15 06:14:36 -
Latest scandal is just a detour on a road to ruin (The Herald)
A strange week. Barring a few Westminster low-lifes, I agree with everyone: that's a first. Dismal, abysmal, incredible and an actual threat to parliamentary democracy: but you knew that.
2009-05-15 06:49:57 -
Fight against Craigslist also makes good politics (Boston Globe)
Law enforcement officials who successfully pressured Craigslist to remove an erotic services category they say had become little more than an Internet brothel are touting it as simply good public policy.
2009-05-15 07:10:15 -
City diaries (BBC News)
'My concern is that this recovery may be a false dawn'
2009-05-15 11:19:55 -
Credit card reform arrives; bankers howl (St. Louis Post-Dispatch)
Poor bankers. They're getting hit from all sides. Profits are terrible. President Barack Obama wants to limit their pay. And now Congress is about to pluck some feathers from the fattest golden goose in consumer banking — the credit card business.
2009-05-15 11:40:16 -
SACKED OVER £66K - Daily Star
SHAHID Malik was yesterday forced to step down as Justice Minister over his second home scandal. He quit moments after he insisted that he was “one million per cent” straight. The MP for Dewsbury in West Yorkshire became the highest profile ...
2009-05-15 05:53:00 -
Redundancy: How to feel comfortable on that financial cushion - Guardian Unlimited
Grim figures this week saw the jobless total soar past the 2 million mark. For many people, the only financial cushion will be a redundancy cheque. What should you do with it? Pay off your mortgage? Improve your pension? Invest it? Or spend it as you ...
2009-05-15 07:19:00 -
OUT: Justice Minister who paid only £100 a week rent but claimed £66 ... - yorkshirepost
DEWSBURY MP Shahid Malik today stepped down as Justice Minister while an investigation is carried out into allegations about his housing arrangements. The news came as Scotland Yard announced that a panel of senior officers and prosecutors will meet ...
2009-05-15 05:32:00 -
David Cameron limits claims to mortgage and utilities: MPs expenses - Daily Telegraph
For most of the past five years, Mr Cameron has claimed only for mortgage interest and utility bills on his Oxfordshire constituency cottage. Some years, his Parliamentary expense records are only 20 pages long – compared with expense claims of ...
2009-05-09 07:55:00 -
Mortgage Plan Growing - The Ledger
The Obama administration's plan to help millions of troubled homeowners avoid foreclosure by reducing the size of their mortgage payments is just getting off the ground. So far, two months after the program went into effect, about 55,000 homeowners ...
2009-05-15 06:43:00