Category: Banking

Zillow Reports $9 Trillion in Housing Losses So Far

December 9th, 2010
in Background, Banking

Zillow says that 2010 will see $1.7 trillion in 2010 losses for homes.  This follows $1.0 trillion lost in 2009 and a total of $9 trillion disappeared since the housing market peak in June, 2006.  Nouriel Roubini has estimated that there will be an addit… more »

More Madoff Suits

December 9th, 2010
in Background, Banking

PR Newswire - Irving H. Picard, the Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC ("BLMIS") today announced the filing of complaints under seal in the United States Bankruptcy Court for the Southern District of New York again… more »

More Madoff Litigation

December 8th, 2010
in News, Background, Banking

Here is a list of litigations filed by more »

Bank of Canada Dovish

December 8th, 2010
in Background, Banking

Xe.com reports that the bank of Canada is likely to keep the short-term interest rate at 1% well into next year.  This is considered dovish since there had been some speculation recently that the Canadian rates might be tightened.  The Loonie eased away… more »

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