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- More U.S. Homeowners Have Mortgage Higher Than House Is Worth - Bloomberg
www.bloomberg.com
Oct. 31 (Bloomberg) -- Almost 20 percent of U.S. mortgage borrowers owed more on their loans in the third quarter than their house was worth as foreclosures depressed prices and the economy weakened, according to First American CoreLogic . More than ... - Cost Of Resolving The Crisis: Lessons From 35 Years Of Crises (Resource Investor)
www.resourceinvestor.com
A new IMF database, which covers the universe of systemic banking crises from 1970 to 2007, shows that the average fiscal cost was about 15% of GDP, or three times the U.S.’ $700 billion. This article points out that quick action often lowers the ultimate cost. Moreover wishful thinking teamed with regulatory forbearance and bank liquidity plans often raises the cost by delaying vital, but ... - District 1B State Representative candidate profile: Lieder says there's more work to do (Crookston Daily Times)
crookstontimes.com
The 2008 legislative session was a memorable one for longtime Crookston DFLer Bernie Lieder, a 12-term incumbent in the Minnesota House of Representatives.
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