Only about 10,000 homeowners received permanent loan modifications this fall under the Obama administration's mortgage relief plan, harsh proof of the continuing woes for the government's effort to stem the foreclosure crisis, a watchdog report said Wednesday.
I don't have a link to the article as this was e-mailed to me in plain text, but thought I would pass it along to all of you out there.
Commentary by Ann Woolner
Oct. 3 (Bloomberg) -- It is one thing to re-pitch the Wall Street bailout bill to encourage finger-in-the-wind elected lawmakers to enact it.
Just came across this article on ClusterStock and thought it was very insightful. Henry Blodget has a 14 point list on how the proposed bailout will play out. I think there is a lot of truth in this article, a must read for everyone.
We all know the catch-22 situation facing the Federal Reserve… stagflation . A stagnant economy coupled with rocketing inflation. At the rate oil is increasing, we can expect our daily products to double in prices within the next 2-3 years.
From Tokyo to London to New York, financial companies announced plans to shed more than 83,000 jobs since last July as revenue and compensation pools evaporated, according to figures compiled by Bloomberg.
