Stock Market News
Stock Market News
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U.S. Stock-Index Futures Drop as S&P Lowers Mortgage Securities
Bloomberg - The downgrades may increase losses at European, Asian and U.S. regional banks, credit unions and the 12 Federal Home Loan Banks to more than $265 billion, S&P said. Many of those banks haven’t written down their subprime holdings and S&P said it will
One Man’s Foreclosure, Another Man’s Steal
CBS News - Debra Knowles, a home loan consultant said: “They’re reaping the benefit, unfortunately, of someone else’s loss.” New numbers out today show California among 10 states hit hardest by foreclosures in 2007. That’s 250,000 homes taken by the bank. Osmar
