Fitch says US House Prices to Fall Another 12.5% – U.S. home prices will fall an additional 12.5% from 2008’s year end values before exhibiting more stability in late 2010, according to Fitch Ratings. This forecast reflects a reversion to early 2002’s prices. Currently, prices are hovering around levels seen in mid 2003 [...]

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Stress-Tested Banks May Struggle for Funds as Bad Assets Triple -  By Elizabeth Hester and Linda Shen – Bloomberg 
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Stress Test White Paper – Board publishes white paper on process and methodologies employed by federal banking supervisory agencies in capital assessment of large U.S. bank holding companies -  Released by the Board of Governors of [...]

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Treasury Department Issues Emergency Recall Of All US Dollars

Treasury Department Issues Emergency Recall Of All US Dollars
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20 Videos of the week: Economy – recovery or relapse? – Prieur du Plessis  – Investment Postcards from Cape Town

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A poll says only 75% of Texans would vote to stay in the United States . The other 25% thought the U.S. was actually a part of Texas .
MERS, a classic “behind the scenes” vendor in the mortgage business,  made the headlines last week in this NY Times article  And tonight, when you’re tucking the [...]

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