World-News

Obama Wants Fed to Be Finance Supercop: Sources

Anne Flaherty, The Associated Press: " The Federal Reserve could become the supercop for 'too big to fail' companies capable of causing another financial meltdown under a proposal being seriously considered by the White House."

http://www.truthout.org/050909C?n



Short Sales: Banks Blocking Way Out of Foreclosure Crisis

Arthur Delaney and Ryan Grim, Huffington Post: "In a time of collapsing real estate values, where one in five homes are now under water, a short sale is increasingly the only option before foreclosure. It is less damaging to credit scores and spares the homeowner the shame of foreclosure."

http://www.truthout.org/050909D?n



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