March 2009 - Page 10 of 12 - Money Morning - Only the News You Can Profit From

Obama's Housing Plan May Leave Many Homeowners Out in the Cold

By Don MillerAssociate EditorMoney Morning Although the new Obama administration housing plan is expected to help about 9 million struggling American homeowners avoid foreclosure, there are also concerns the proposal could actually extend the country’s economic woes by prolonging the freefall in housing prices. Critics also fear the plan won’t help tens of thousands of […]

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Historic Rate Cuts for Europe and England

By Mike CaggesoAssociate Editor Money Morning The European Central Bank (ECB) and the Bank of England (BOE) today (Thursday) cut interest rates to all-time lows, as both economic bodies brace for continued pain from the worst recession since World War II. Meeting in Frankfurt, the ECB governing council decided to reduce its benchmark lending rate […]

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How the U.S. Credit Crisis Will Lead to an Overhaul of the U.S. Student Loan System

The costs of the ongoing credit crisis have been well chronicled. But there's a bright spot, too. In a crushing blow to lobbyists, bankers, and loan intermediaries, the credit crisis and the accompanying collapse of the securitization market may actually force a top-to-bottom overhaul of this country's much-maligned student loan system. If that happens, prospective […]

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Global Investment News Briefs

India Cuts Repurchase Rate to 5%; Private Employers Cut 697,000 Jobs in Feb.; U.S. Auto Sales Down 41% in February; Oil Rallies to Six-year High; Merrill's Top 10 Execs Paid $209 Million Last Year;   The Reserve Bank of India reduced its repurchase rate from an already low of 5.5% to 5.0%, its fifth cut […]

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One in Five Homeowners Underwater: Report

By Mike CaggesoAssociate EditorMoney Morning More than 8.3 million mortgage holders in the United States – one in five homeowners – are underwater. That is, they owe more money on their house than their house worth. That's because the total value of residential properties fell $2.4 trillion in 2008, from $21.5 trillion in December 2007 […]

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