Editorial: Buyer, be aware (Reg Req’d)
The recent series “Built on the Boom” by Bee reporters Dale Kasler and Andrew LePage documents the disquieting reality of California’s economy in 2005.
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American Express Unit Settles Charges The financial advisory unit of the American Express Company will pay $7.4 million to settle charges its advisers cheated clients by selling its own underperforming funds, New Hampshire's securities regulator
The great divide over house arrest The electronic bracelet around Alexander Elkin's ankle alerted no one as he took a detour from work.read more...
Japan's Bubble Burst May Not Echo in U.S. Economists point to reasons why our real-estate market won't fall apart in a similar fashion.via
HSBC Mortgage Losses Rise in US (AP via Yahoo! Finance) HSBC Holdings PLC, Europe's biggest bank, reported another big hit from exposure to the U.S. mortgage crisis Wednesday and warned that bad debts could increase if the U.S. housing
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Mortgage costs unlikely to come down despite Bank of England's £50 billion bail-out (Daily Telegraph) Mortgage costs are highly unlikely to fall despite an unprecedented £50 billion emergency bail-out for Britain's banks and building societies, homeowners have been warned..read more...