Economic Recovery

U.S. Banks Facing Main Street Squeeze

(Source: Bloomberg By Christine Harper) – Two U.S. Treasury secretaries and Federal Reserve Chairman Ben S. Bernanke provided capital and cheap loans to banks during the last three years to help fuel an economic revival. It hasn’t worked out.


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Dear Treasury, Investors Can Fix the Housing Market

(Source: The Atlantic) – Dear Treasury Secretary Geithner, First, kudos on your decision to stay on for the rest of your boss’s term. I know Goldman is aching to get you on board, but you’ll have plenty of time to [...]


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Franc Plunges From Record on Central-Bank Move; Dollar Declines

Aug. 3 (Source: Bloomberg) – The Swiss franc fell against most of its major peers after the central bank unexpectedly cut interest rates to weaken the currency after it strengthened to records and threatened the nation’s economic recovery.


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Outgoing FDIC Chair Sheila Bair Says Goodbye & Real Estate Is To Blame

(Source: Co-Star By Mark Heschmeyer) – In her last Capitol Hill appearance before retiring Sheila Bair, now retired chairman of the Federal Deposit Insurance Corp. (FDIC), said the bank insurer still needs to keep its focus on real estate. The [...]


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Shadow Inventory Halts Economic Recovery

(Source: Housing Predictor By Kevin Chiu) – The shadow inventory of homes and other real estate is holding an economic recovery back from fully developing, according to a study by credit firm Equifax. bank owned As many as six million [...]


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Geithner: US Banks Should Be More Willing To Lend

CHICAGO -(Source: By Doug Cameron, Of DOW JONES NEWSWIRES)- U.S. Treasury Secretary Tim Geithner on Thursday said U.S. banks should be lending more, though he said any reluctance wasn’t hampering economic recovery.


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Are Short Sales Driving Prices Down?

(Source: DanvillePatch By Lauren Holloway) – I receive Real Estate magazine in my mailbox each month. This is a magazine that is part of my real estate association membership, and always has some pertinent articles in it.


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Is It OK to Walk Away From Your Mortgage?

(Source: Money Land By Zac Bissonnette) – In spite of the mild economic recovery we’re experiencing, the percentage of homeowners who are underwater on their mortgages — that is, they owe more than their homes are worth — has barely [...]


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