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Selected details, please refer to:
  1. The credit crunch is closing in on credit cards. Banks that got burned on bad mortgages are now bracing themselves for billions more in bad debt on credit cards -- so they're trying to cut their losses by cutting off customers.
    www.bnd.com
  2. Wall Street Journal Blogs Four at Four: October Is Over, Finally. Wall Street Journal Blogs, NY - 19 hours ago The Argentine peso has dropped off, and credit-default swaps, which measure the cost of insurance against default, widened to a cost of about $4 million to ...
    blogs.wsj.com
  3. WASHINGTON - Development of a system that lets deserving borrowers obtain home mortgages while minimizing the risks to the country's financial system and the taxpayers must be ''high on the policy agenda,'' the Federal Reserve chairman, Ben S.
    www.sltrib.com

 

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