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Manassas decelerates employee housing plan - Inside NovaThanks to the uncertainty of state funding and the ugly real estate scenario all over Northern Virginia, the city of Manassas will be slowing down the implementation of its recently adopted employee housing program. Last month, Manassas City Council ...
Bailing Out a Boat Full of Holes - Common DreamsBOSTON - The U.S. Treasury's bonanza from Congress to hand out 700 billion dollars to Wall Street is not what the country needs to right its shaky economy, many independent experts say. "Despite the bailout, it's clear the economy is going into a ...
The business of bankruptcy law - Maryland Daily RecordThe meltdown in the real estate and financial markets is accomplishing what the passage of time has failed to do: giving bankruptcy lawyers more work than they can handle. Bankruptcies had been down since this time three years ago, when Congress ...
The bailout will fail - Online JournalAmerica has become a pretty discouraging place. If Ronald Reagan were still with us, I wonder if he would again refer to the United States as a city on a hill, a light unto the world. I think not. Reagan brought America back from discouragement, but ...
Frank: Criticism of Congress is now racist, too - Hotair.comBarney Frank’s latest defense of Congress over the financial meltdown could be predicted based on the success of Barack Obama’s campaign in using the same defense. According to Rep. Frank, any attempt to pin the blame for the collapse of Fannie ...
Analysis: Bush holds Washington blame-free - Seattle Post IntelligencerPresident Bush poses for photographers after delivering a prime-time speech from the White House on the ailing financial markets, Wednesday, Sept. 24, 2008, in Washington. (AP Photo/Lawrence Jackson) WASHINGTON -- How did it happen, America's grave ...
Lawrence will have pilot program to curb foreclosures - Eagle-TribuneBOSTON - Lawrence and other Massachusetts communities plagued by home foreclosures could get help from a series of initiatives Gov. Deval Patrick will roll out today. Under the plan, Lawrence would be the site of a pilot program to encourage lenders ...
Mortgage Relief For Housing Market - ForbesOn Wednesday, the Mortgage Bankers Association said the average 30-year loan rates slid 0.33 percentage points to 6.06% in the week ending Sept. 5, prior to Sunday's government bailout of Fannie Mae and Freddie Mac, the two largest U.S. home finance ...
Existing home sales sink again - CNN MoneyNEW YORK (CNNMoney.com) -- Sales of existing homes fell in August, according to the latest reading on the battered housing market released Wednesday by an industry trade group. The National Association of Realtors reported that sales by homeowners ...
Wall Street Crisis Video Gallery - CNBCCNBC's David Faber discusses the latest on the Lehman credit default swap auction as well as news from Citi/Wachovia/Wel... Clogging Up the Money Marke... The $400 billion Lehman Brothers asset freeze is a major problem as it affects money flow. Ron ...