From Alhambra friend Doug Terry:
Though only a small percentage, many small banks around the country have rescinded their original requests for a piece of the government’s $700bn bank bailout funds. The presidents of these banks have concluded that they would prefer no assistance to the prospect of giving our elected officials a seat at the [...]
President Obama today:
“When I saw an article today that indicates that Wall Street bankers had given themselves $20 billion worth of bonuses, the same amount of bonuses as they gave themselves in 2004, at a time when most of these institutions are teetering on collapse and they are asking for taxpayers to help sustain them, [...]
The Organization for Economic Co-operation and Development (OECD) is an international organization of 30 countries that accept the principles of a free-market economy. Most OECD members are high-income economies and are regarded as developed countries. The organization publishes research and statistics on a wide variety of subjects, including analysis and forecasts on economic developments and trends, research on social changes [...]
Sales of new homes in the US declined to their lowest levels in 46 years, after a lackluster December in which sales fell by a stomach-wrenching 14.7%. Sales fell to a seasonally adjusted annual rate of 331,000, the lowest ever since the series began in 1963. The report was far below expectations, as economists were predicting a number closer to 390,000. The government estimates that [...]
