| Foreclosures impact kids, communities Children could be prevented from realizing their potential in school and, eventually, the labor force as consequences from the problem of home foreclosures last for years, a pair of Federal bank officials say in a conference on neighborhood stabilization. feeds.marketwatch.com |
China fears depreciation of $2.45 trillion of reserves still heavy in dollars China offered a rare insight into its foreign exchange reserves with confirmation that the vast majority are held in dollars. telegraph.co.uk |
Ireland faces €34bn bill for Anglo Irish Bank, forced to redraft budget The soaring cost of bailing out the nationalised bank is expected to bring Ireland's deficit to a massive 32pc of GDP - 10 times its EU target telegraph.co.uk |
Flash Crash Report: Exchanges Praise Report's Thoroughness U.S. stock exchange operators praised Friday the thoroughness of regulators' 104-page report detailing the causes of the market's "flash crash" on May 6. William O'Brien, chief executive of Direct Edge, hailed the report released by the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission for highlighting the wide range of factors that contributed to the market's May 6 swoon when the Dow Jones Industrial Average dropped nearly 1,000 points before rebounding. feeds.marketwatch.com |
Senator demands lenders reveal foreclosure errors By ALAN ZIBEL 2010-10-05T19:15:23ZWASHINGTON (AP) -- A key lawmaker is demanding that more than 100 mortgage companies determine whether foreclosure documents they approved contain errors and reveal their findings.... hosted.ap.org |