Tag Archives: Bailout

U.S. housing crisis also hitting the wealthy

By Nick Carey HINSDALE, Illinois (Reuters) – Less than a year ago, few people in this affluent Chicago suburb expected the subprime U.S. housing crisis would hit close to home. “We thought Hinsdale was virtually immune and we wouldn’t see … Continue reading

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UNCOVERED: Federal Bailout Application Form – Get yours in while there’s still some money left!

 Henry Blodget | Dec 3, 08  Our sources have obtained the secret EZ-CASH Federal Bailout Application form (published by Vanity Fair, circulated by Ritholtz). Get yours in while there’s still some money left. clusterstock.alleyinsider.com

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Somali Pirates to acquire Citigroup

December 2, 2008 (hat tip Walnuts) November, 2008 (Bloomberg) — The Somali pirates, renegade Somalis known for hijacking ships for ransom in the Gulf of Aden, are negotiating a purchase of Citigroup. The pirates would buy Citigroup with new debt and … Continue reading

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Fannie and Freddie to suspend foreclosures during Christmas season

From CNBC: Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures during the holiday season. The two companies say they will halt foreclosure sales between Nov. 26 and Jan. 9, while they evaluate whether borrowers qualify for a … Continue reading

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Housing Doom Blog – Why Do We Need Credit For “Everyday Purchases”?

Why Do We Need Credit For “Everyday Purchases”? By twist I’ve heard a lot of scary comments from Treasury Secretary Hank Paulson, but this one ranks near the top: [Thanks L!] “Millions of Americans cannot find affordable financing for their … Continue reading

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