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Investors buy $558 million in mortgages from FDIC - WTOP Radio
WASHINGTON (AP) - A group of private investors including former executives of Countrywide Financial Corp. has purchased $558 million in home mortgages from the government in a deal involving assets of the failed First National Bank of Nevada, the ...

Businesses lobby for forgiven-debt tax break - Daily Business Review
ommercial real estate companies, the U.S. Chamber of Commerce and companies partly owned by private-equity firms are pushing Congress for a temporary tax break on forgiven debt similar to relief given in 2007 to homeowners facing foreclosure. The ...

Trade Groups Seek Forgiven-Debt Tax Break Given to Homeowners - Bloomberg
Jan. 7 (Bloomberg) -- Commercial real estate companies, the U.S. Chamber of Commerce and companies partly owned by private- equity firms are pushing Congress for a temporary tax break on forgiven debt similar to relief given in 2007 to homeowners ...

Businesses Seek Tax Break on Canceled Debt Like Homeowners Got - Bloomberg
Jan. 6 (Bloomberg) -- Commercial real estate companies, the U.S. Chamber of Commerce and other business groups are pushing Congress for a temporary tax break on forgiven debt similar to relief given in 2007 to homeowners facing foreclosure . The ...

Buffett blames Wall Street for financial system's woes - Independent
The main man: Billionaire financier and Berkshire Hathaway chief executive Warren Buffett is the centre of attention during the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, at the weekend BILLIONAIRE Warren Buffett yesterday ...

Nebraska not in the red, but budget won't show it - Sioux City Journal
LINCOLN, Neb. -- Nebraska's unemployment rate is half the national rate. State tax revenues are coming in on target. Nebraska is one of a handful of states not currently in a financial crisis. And state government is sitting on the biggest cash ...

Originative sin: the future of banking - Financial Times
For the late John Kenneth Galbraith, an acute observer of market folly, finance and innovation were fundamentally incompatible. Every new financial instrument, he said, “is, without exception, a small variation on an established design, one that ...

Looking Back Part 2: 2008 ended on good note - Wahoo News
ASHLAND - In 2008, Ashland and the surrounding communities saw their share of triumphs and tragedy. The second half of the year began with more news on the closing of a local grain elevator and with the annual Stir-Up celebration that livened the ...

The weekend Wall Street died - Charleston Post & Courier
NEWPORT, R.I. — With his investment bank facing a near-certain failure, Lehman Brothers Holdings Inc.’s chief executive officer, Richard Fuld Jr., placed yet another phone call to the man he thought could save him. Mr. Fuld was already ...

More Americans live within their means - Galveston County Daily News
By choice or by force, more U.S. consumers are doing something that seems almost un-American — embracing frugality and living within their means. Maybe it’s a backlash to the excesses, the fast-and-loose mortgage lending and unabashed greed that ...