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CGM’s Heebner, Fidelity’s Lange Falter as Markets Claim Victims - Bloomberg
Jan. 5 (Bloomberg) -- Kenneth Heebner’s CGM Focus Fund , the industry’s top performer in 2007, dropped 48 percent last year as the worst market for stocks in seven decades humbled the best- known managers. Harry Lange’s Fidelity Magellan Fund ...
Read more...Sanford Weill Says Regulatory Structure Is Key: Year in Review - Bloomberg
Jan. 1 (Bloomberg) -- I am an optimist. I don’t always go to bed an optimist, but I wake up as one. Maintaining a positive outlook has been a challenge, as we have witnessed unprecedented events that unfolded throughout the financial-services ...
Read more...Zabeel 'crisis' plan: Finish all projects, don't cut prices - Zawya.com
High-end developer Zabeel Properties, like other real estate players in the region, has begun to feel the pinch of the credit crunch. The company, which is working on projects worth $5 billion (Dh18.36bn), does not expect to make any sales in the ...
Read more...Mortgage rates fall to third straight record low - Buffalo News
Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring. With the Federal Reserve on the verge of pouring hundreds of billions of dollars into the ...
Read more...The Madness of Crowds - Commentary Magazine
Fueled by easy credit, the real-estate market had been rising swiftly for some years. Members of Congress were determined to assure the continuation of that easy credit. Suddenly, the party came to a devastating halt. Defaults multiplied, banks began ...
Read more...Company Profile for First BanCorp - Businesswire.com
--( BUSINESS WIRE )--First chartered in 1948, FirstBank was the first S&L institution established in Puerto Rico with a capital of $200,000. Since its inception the bank played a fundamental role in improving the quality of life in Puerto Rico, by ...
Read more...News & Features Navigation - Minnesota Public Radio
Minnesota Public Radio coverage of the foreclosure crisis. Photo: #Faith Burns has lived in this south Minneapolis home for 13 years, but must move out by May 6 because her mortgage is being foreclosed. Her attorney says she was sold a defective ...
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