Johnny Depp's Pied-a-Terre Won't Save Paris From Property Slump - Bloomberg: Oct. 13 (Bloomberg) -- Faycal Fouad, a real estate agent at Century 21 Chaumont in Paris, says the global credit shortage has finally wound its way to his doorstep. ``Clients are seeing loan applications refused by banks,'' said Fouad, who sells ...
Winds blow for financial reform Experts want corporations, bad loans ... - FortWayne.com: A man speaks on the phone in the dealing room at the Israeli First International Bank in Tel Aviv on Sunday. It’s hard to overstate the magnitude of the financial meltdown now confronting the world. One expert told national audiences that its human ...
Kiss those days of easy credit goodbye - Macomb Daily: An inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged potential customers to "come on up under the canopy and put your hands on" a new set of wheels. But sitting ...
Numbers show improvements in local housing industry - Fort Worth Business Press: An industry-wide effort to reduce the number of new home starts to get existing homes off the market was apparent in recent numbers released by Metrostudy, a house tracking service. Builders have started 22,739 homes in the past 12 months in North ...
Winds blow for financial reform - Fort Wayne Journal Gazette: It’s hard to overstate the magnitude of the financial meltdown now confronting the world. One expert told national audiences that its human toll “vastly exceeds” anything ever caused by terrorism. So far, he hasn’t found anyone of any ...
Norway's c.bank offers 1-week dollar liquidity - Forbes: OSLO, Oct 13 (Reuters) - Norway's central bank said on Monday that it would auction one-week U.S. dollar liquidity against collateral on Oct. 14 to Norwegian banks. The U.S. dollar loans will start on Oct. 16 and mature on Oct. 23. 'This measure is ...
The Engine of Mayhem - Washington Post: Resize It's easy to explain the continuing financial chaos -- and the failure of governments to control it -- as the triumph of psychology. Fear reigns, and panic follows. Everyone dumps stocks because everyone believes that everyone else will sell ...
Days of easy credit coming to an end - Arizona Daily Star: An inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged potential customers to "come on up under the canopy and put your hands on" a new set of wheels. But sitting ...
WRAPUP 3-Morgan Stanley, MUFG renegotiating pact - Forbes: NEW YORK, Oct 12 (Reuters) - Japan's Mitsubishi UFJ Financial Group , which watched Morgan Stanley's share price plunge 58 percent last week, is amending its $9 billion deal to include only convertible preferred shares and no common stock, a person ...
Financial crisis: Everything you need to know about the meltdown but ... - Daily Telegraph: A: The problems started with the now notorious sub-prime mortgages in America. Banks granted home loans to people who had little chance of repaying them, but then sold these debts on to other banks, often packaged up with other less risky debts ...

The next financial bailout: Your adult children? - Baltimore Sun: As Washington unfurls its financial-market rescue, more families are weighing private bailouts of their own -- of young-adult children burdened by debt. Many young adults are heavily leveraged. Average student loans among the two-thirds of college ...
British banks' era of excess is over. RIP. - Daily Telegraph: Corporate clients will be offered products that mitigate their risk, rather then promise undeliverable yields and returns. Growth will be slower. Lenders will become households’ fourth utility, after gas water and electricity. Thatcher’s Big Bang ...
There must be a better way to fix our economy - Delmarva Now: What if the government required lending institutions to keep these loans on the books, with the following stipulation: A typical $300,000, 30-year mortgage at 7 1/2 percent rate would require a payment of $2,097. But a 45-year loan at 3 percent ...
The sky isn't falling, so it's no time for Ottawa to overreact - Globe and Mail: Media reports described the early weeks of this election campaign as boring. Stéphane Dion's impossibly complex Green Shift, that focused on a $50-billion-plus spending program financed largely by a carbon tax, was going nowhere with voters. Jack ...
Vanishing way of life: Living on borrowed money - Salt Lake Tribune: Americans are faced with a stark, new reality: no more living on borrowed money. For consumers heavily dependent on credit, the realization is life-altering. Experts say that even when the current credit crunch eases, the nation may finally have ...
Foreclosure S.O.S. - Newsday: After she was laid off two years ago, Rosemarie Cino tried talking to her mortgage lender when she fell $8,000 behind on her mortgage despite her jobs walking dogs, cleaning swimming pools and driving for Federal Express. "They didn't even want to ...
Customers can look online for better interest rates on their savings - Silicon Valley: In some bazaars, vendors call out their prices, lowering them on the spot as they vie with one another for a shopper's business. That's the kind of competitive selling — and possible good deals for shoppers — that one new Web site hopes to bring ...
Drowning in a sea of loans - Zawya.com: Everywhere you turn there are advertisements from banks and financial institutions staring you down with offers for loans, credit cards, money-back schemes and investment plans. It takes a very strong heart to resist the lure, especially when you ...
Australian stock market rises after bank deposits guarantee - News.com.au: THE stock market has retained most of this morning's gains following Prime Minister Kevin Rudd's $1.2 trillion bank deposits guarantee. The ASX was up 123 points just seven minutes after opening, with the ASX Top 200 continuing to climb to be up more ...
Atlanta couple’s self-employment hurts loan chances - Atlanta Journal Constitution: Marsha Middleton and her husband, Willie, have good credit, money in the bank and successful careers. But the couple has struggled to find a mortgage to finance the dream home they are building in Brookhaven. Their quest already has lasted a year ...

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