Our Awful Situation
Archive for the ‘Housing Crisis’ Category
Wachovia Has $8.9B Loss, Cuts 6,350 Jobs, Dividend
Wachovia Corp. lost $8.86 billion in the second quarter, and said Tuesday it was slashing its dividend and cutting 6,350 jobs after losses tied to mortgages soared.
Even excluding one-time items, the results substantially missed Wall Street estimates, and shares sank to mid-1991 levels in premarket trading.
Economist: “America May Default On Its Debt”
Confidence Ebbs for Bank Sector and Stocks Fall
Breaking: Paulson Seeks Authority to Shore Up Fannie, Freddie
Paulson Offers No Hint of Fannie, Freddie Bailout
Vacant homes spread blight in suburb and city alike
Cramer: Banking Doom Is Upon Us
Illinois to Sue Countrywide
L.A. seeing more people living out of their cars
US Home Prices Continue Record Declines in April
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