Wall Street: Land of the Million Dollar Babies

Record-High Gold Tells of "Inflation & Sovereign Debt" Threat

The price of Gold jumped to new all-time highs against all-but-three of the world's major currencies on Wednesday morning, breaking US$1245 an ounce in London trade.

//goldnews.bullionvault.com/gold_buying_051220101



U.S. home prices drop by $25 billion

A report by San Francisco's Trulia Inc. says home prices around the United States were cut by 10 percent in April. In total, some $25 billion has been slashed from the list prices of for-sale homes.

//www.bizjournals.com/sanfrancisco/stories/2010/05/10/daily38.html?jst=b_ln_hl



Home Buyer Tax Credit Takes its Toll

One full week after the tax credit's expiration, mortgage applications fell 9.5 percent; this as mortgage interest rates dropped below 5 percent.

//www.cnbc.com/id/37106639



Wall Street: Land of the Million Dollar Babies

Wall Street is know around the world as the land of the million dollar babies since is chock full of people who have gotten incredibly rich as a result of handouts from the government.

//tpmcafe.talkingpointsmemo.com/2010/05/11/wall_street_land_of_the_million_dollar_babies/



Morgan Stanley Shares Decline On Reports Of Federal Probe

Morgan Stanley (MS) shares fell Wednesday on reports federal prosecutors are investigating whether the bank misled investors about mortgage-derivatives deals it helped design and sometimes bet against.

//online.wsj.com/article/BT-CO-20100512-711121.html?mod=WSJ_World_MIDDLEHeadlinesEurope



Hungry By the Numbers

How the government defines hunger - and what it looks like up close.
//www.eastbayexpress.com/ebx/hungry-by-the-numbers/Content?oid=1725214



Home Prices Are Falling Again

The decline came even as the government and the Fed threw the kitchen sink at the housing market, an effort that included the Treasury paying people to buy houses and the Fed buying more than $1 trillion in mortgage bonds.

//www.npr.org/blogs/money/2010/05/housing.html


From Information Clearing House



//freepage.twoday.net/search?q=Treasury
//freepage.twoday.net/search?q=debt
//freepage.twoday.net/search?q=mortgage
//freepage.twoday.net/search?q=derivatives
//freepage.twoday.net/search?q=Wall+Street
//freepage.twoday.net/search?q=Morgan+Stanley

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