Prices for single-family homes rose in 81 percent of the nation's cities as the property market extends a recovery from the worst crash since the 1930s.
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Saturday 14 November 2009
US Outlook The US is back on Bailout Red Alert, and this time round the federal government looks like it might have to pay to bail out – itself. No one should be surprised to learn that the Federal Housing Administration has found itself facing big losses, what with so many Americans failing to pay their mortgage. Republican politicians scent a scandal of Fannie Mae and Freddie Mac proportions, and are already making hay, but this is no time for the Obama administration to go defensive about its support for the US housing market.
Tuesday 27 October 2009
Friday 09 October 2009
The US government borrowed more than ever in peacetime last year – some $1.4 trillion, said the Congressional Budget Office yesterday. Proportionately, the deficit is one of the largest among the advanced nations – 9.9 per cent of GDP. Loss of tax revenues during the recession, the costs of supporting the jobless and the extraordinary scale of public support for the financial sector have all driven the deficit higher. However, the latest news on unemployment suggests a slightly brighter outlook.
Thursday 23 April 2009
Wednesday 10 December 2008
The chief executives of Fannie Mae and Freddie Mac, the collapsed mortgage finance giants at the centre of the US housing market, repeatedly ignored warnings that they were putting their companies at risk with exotic mortgage investments, a congressional hearing has been told.
<a href="http://s-foley.livejournal.com/468.html">Stephen Foley : Fannie and Freddie are useful alive, but the shares are dead money</a>
Tuesday 09 December 2008
The cameras had left and reporters had shut their notepads, but the most illuminating part of today's hearings into Fannie Mae and Freddie Mac happened after the main bout.
Friday 17 October 2008
Friday 10 October 2008
Friday 03 October 2008
Friday 26 September 2008
From: Minister of the Treasury Paulson
Thursday 25 September 2008
<a href="http://blogs.independent.co.uk/the_campaign_trailers/2008/09/time-mccain-pla.html" target="_blank">US Campaign Trail: Time - McCain playing the race card</a>
Monday 22 September 2008
Time magazine's Karen Tumulty has accused the McCain campaign of racism for launching this ad accusing Obama of close ties to discredited former Fannie Mae Chairman Franklin Raines.
Thursday 11 September 2008
Thursday 11 September 2008
The body representing Brit-ain's banks yesterday rejected calls for the Government to guarantee mortgages in an effort to kick-start the housing market.
Tuesday 09 September 2008
Sustained immigration has not harmed Britons' employment, say government advisers
British jihadist calls for 'flag of Islam' over Downing Street and Buckingham Palace
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
There’s a nasty smell in the political air – and it’s coming from the Tories
- 1 Howard Jacobson: Let's see the 'criticism' of Israel for what it really is
- 2 Gingers face extinction due to climate change, scientists warn