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
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.
Thursday 11 September 2008
Tuesday 09 September 2008
Isis threat: Cameron wants an alliance with Iran
Crisis? What crisis? A visiting US doctor gives the NHS a rave review
Ukip MEP calls for reintroduction of death penalty on fiftieth anniversary of last deaths
Russell Brand calls for Israel boycott: Comedian urges big businesses that 'facilitate the oppression of people in Gaza' to pull funding
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
World peace? These are the only 11 countries in the world that are actually free from conflict
- 1 Three of Pope Francis' relatives die in Argentina car crash, including two young great-nephews
- 2 Michael Brown shooting: Amnesty International sends team within US for first time as National Guard deployed
- 3 Reading Festival 2014: Tesco branch replaces salad with Jager and potatoes for vodka as campsite opens tomorrow