Tuesday, July 29, 2008

Reo tapes - How Wall Street Wrecked Your Retirement - CBS News

E-Mail Story Our disfunctional financial system hit a new low last week when Citigroup, the hopeless wreck of Wall Street, announced it had lost $2.5 billion in the past three months -- a cheer went up, and so did the Dow. Only $2.5 billion; people www.bankreopropertydeals.com

Wall Street's way of thanking Congress for the new housing rescue bill: another stock market dive, led by the companies the bill is supposed to help the most. A heavy sell-off in financial and builder shares pulled the market broadly lower Monday, a www.bankreopropertydeals.com

Foolish film buffs may well recall Laurel and Hardy, the famous comedic duo of yesteryear. Whenever the pair found themselves in a pickle -- which was often -- the slight, British-born Stan Laurel would scold his portly American sidekick, Oliver www.bankreopropertydeals.com

July 28 (Bloomberg) -- The fastest inflation in 17 years and a fourth straight quarter of U.S. profit declines are turning debt sold by Fannie Mae and Freddie Mac into the favorites of the world's biggest bond investors. Pacific Investment Management www.bankreopropertydeals.com

City Capital Corporation (PINKSHEETS: CTCC) has experienced record growth in the first two quarters of 2008 on the success of its socially conscious investing programs, announced CEO Ephren W. Taylor II. Taylor reports City Capital real estate www.bankreopropertydeals.com

If there is a huge interest in investing in foreclosure properties—as many experts say there is—little evidence was visible on it Saturday at a foreclosure seminar. Only seven people were present at the opening of the free seminar in the www.bankreopropertydeals.com

NEW YORK (AP) _ Congress' plan to allow people to refinance into more affordable mortgages won't just relieve thousands of homeowners — it's also expected to save the banks who issued the loans billions of dollars. Most banks will end up losing www.bankreopropertydeals.com

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