Central bankers warn housing crisis could hit whole US economy
The crisis in the US housing market risks spreading to the whole of the nation's economy, European Central Bank chief Jean-Claude Trichet said Monday on behalf of world central bankers.
http://tinyurl.com/3cno97
Banks face 10-day debt timebomb
Britain's biggest banks could be forced to cough up as much as £70bn over the next 10 days, as the credit crisis that has seized the global financial system sparks a fresh wave of chaos.
http://tinyurl.com/2onctk
US home foreclosures soar 36 percent in August: survey
Home foreclosures in the United States surged 36 percent in August from the prior month and more than doubled from a year ago, a leading foreclosure data firm said Tuesday.
http://afp.google.com/article/ALeqM5gQl8aUMHEtStO2_q8ZUy-ArN826w
Prepare for prolonged turmoil, says US Treasury Secretary
Investors should brace themselves for a prolonged period of market turmoil, Henry Paulson, the US Treasury Secretary, said yesterday as he held emergency meetings with the Chancellor and the French Finance Minister.
http://snipurl.com/1qvt4
From Information Clearing House
--------
Big Houses Are Not Green: America's McMansion Problem
On AlterNet.org, Stan Cox says: "The just-popped housing bubble has left behind a couple of million families in danger of losing their homes to foreclosure. It has also spawned a new generation of big, deluxe, under-occupied houses bulked up on low-interest steroids."
http://www.truthout.org/issues_06/091007EC.shtml
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=foreclosure
http://freepage.twoday.net/search?q=US+economy
http://tinyurl.com/3cno97
Banks face 10-day debt timebomb
Britain's biggest banks could be forced to cough up as much as £70bn over the next 10 days, as the credit crisis that has seized the global financial system sparks a fresh wave of chaos.
http://tinyurl.com/2onctk
US home foreclosures soar 36 percent in August: survey
Home foreclosures in the United States surged 36 percent in August from the prior month and more than doubled from a year ago, a leading foreclosure data firm said Tuesday.
http://afp.google.com/article/ALeqM5gQl8aUMHEtStO2_q8ZUy-ArN826w
Prepare for prolonged turmoil, says US Treasury Secretary
Investors should brace themselves for a prolonged period of market turmoil, Henry Paulson, the US Treasury Secretary, said yesterday as he held emergency meetings with the Chancellor and the French Finance Minister.
http://snipurl.com/1qvt4
From Information Clearing House
--------
Big Houses Are Not Green: America's McMansion Problem
On AlterNet.org, Stan Cox says: "The just-popped housing bubble has left behind a couple of million families in danger of losing their homes to foreclosure. It has also spawned a new generation of big, deluxe, under-occupied houses bulked up on low-interest steroids."
http://www.truthout.org/issues_06/091007EC.shtml
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=foreclosure
http://freepage.twoday.net/search?q=US+economy
rudkla - 11. Sep, 10:39
