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At 7 p.m., Geithner convened a staff meeting at the New York Fed to focus on “GE issues,” according to his schedule, and he and Paulson conferred by phone afterward. GE Capital . When Paulson and Geithner were searching for ways the previous weekend to mitigate the suffering that would follow a Lehman bankruptcy, they called on bankers.
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Wednesday, July 29. NYMEX crude is taking a beating, down over 5-1/2% after government data show a larger than expected increase in crude oil inventories. Gold is lower by 1% and silver is off nearly 3-1/2%. Base metals ended lower, but considering the increase the Dollar is.
Home Price Index Map Geithner Sees "Economic Improvement" As Mortgage Delinquencies Hit All Time High The U.S. economy continues to struggle with high unemployment, only moderate jobs growth, and an oppressive level of government spending and regulation, but Yesterday’s index reading is the best we have seen in four and a half years. This.
Geithner Sees "Economic Improvement" As Mortgage Delinquencies Hit All Time High. Contents Zopa raises 32m Fannie mae profit falls mortgage underwriting standards Account housing inventory 10 years. history weird As was the case in the USA at the peak of the last mortgage bubble over a.
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Even as Mr. Geithner, in prepared congressional testimony, claims that the economy is "recovering", the MBA announced yet another record number of mortgage delinquencies. At over 14%, the number of American homeowners either in delinquency or in foreclosure was an all-time record in September, representing a ninth straight quarterly increase.