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Failures expected to rise next year - Woodland Daily Democrat
Here's a safe bet for uncertain times: A lot of banks won't survive the next year of upheaval despite the U.S. government's $700 billion plan to restore order to the financial industry. The biggest question is how many will perish and how they will ...

Banks on the Edge - Bloomberg
Deborah Horn tugs on the handle of the glass-paned entrance of the IndyMac Bancorp Inc. branch in Manhattan Beach, California. The door won't budge. The weekend is approaching, and Horn, 44, the sole breadwinner in a family of three, needs cash. A ...

Markets call time on Iceland - bbc
For years it paid higher interest rates than in many parts of the world, so its financial institutions borrowed a ton of hot money from abroad, which they then re-cycled into investments all over northern Europe, including the UK. The Icelandic ...

In Wachovia, Citi Deal, Did S&C Overlook Some ‘Small Stuff’? - Wall Street Journal
After hearing news this morning of Wells Fargo’s $15.4 billion takeover of Wachovia, we figured there’d be some legal fallout. After all, it was only days ago that the world thought that Wachovia had reached a $2.16 billion deal with Citigroup ...

The FHA's Private Partners - Forbes
If Congress gets its way, the Federal Housing Administration's mission will be greatly expanded, allowing it to insure as much as $300 billion in additional mortgages to help struggling homeowners refinance. That raises a few important questions: How ...

The bailout runs into a populist backlash - Los Angeles Times
Walter Howard was living in Corona a few years ago, he said, when he realized that the country's financial system was being run by crazy people. How else to explain the working-class folk he kept encountering who were receiving loans of $800,000 ...

U.S. Airways Group Incorporated - Chicago Tribune
They give with one hand, and they take away with the other. Those who play the frequent-flier game know that the rewards can be great. Book your ticket online and get 1,000 miles. Apply for a credit card and get several thousand more. Refinance your

Houston puts Hilton hotel up for sale - Houston Chronicle
The Hilton Americas-Houston, framed by the George R. Brown Convention Center, is being put up for sale by the city. Mayor Bill White said he expected interest in the property "at a very good price." • Advertising: Approved a $750,000 contract for ...

Local housing industry could get boost from Fannie, Freddie bailouts - Fort Worth Star-Telegram
It didn’t take long for mortgage rates to fall at Colonial National Mortgage, one of Tarrant County’s largest mortgage lenders. By Monday afternoon, rates had dropped as much as three-eighths of a percentage point since Friday in response to news ...

Foreclosure rate alarms Iowans - Des Moines Register
Despite a quarterly dip, Iowa's foreclosure rate has worsened compared with a year ago, and officials are unsure whether a new housing relief law will do enough to help families keep their homes. A Mortgage Bankers Association report Friday showed ...

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