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www.sfgate.com
Given the severity of the housing crisis and its large role in the economy, it is likely to be a priority for Barack Obama. On the campaign trail, the president-elect proposed a 90-day moratorium on foreclosures, giving Bankruptcy Court judges the right to...
- Jobless claims jump to a 7-year high (MSNBC)
www.msnbc.msn.com
Applications for jobless benefits soared to the highest level since just after the Sept. 11, 2001, terrorist attacks, last week, new data show, and the U.S. trade deficit shrank.
- FDIC has plan of its own for homeowners (Moldova.org)
economie.moldova.org
The Federal Deposit Insurance Corp. has come up with a $24.4 billion plan of its own for helping as many as 1.5 million distressed U.S. homeowners.The plan puts the FDIC at odds with the Bush administration. Treasury Secretary Henry Paulson Jr. this week unveiled a mortgage-modification plan, which FDIC Chairman Sheila Bair said didn't go far enough.The FDIC plan would help homeowners who are at ...
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