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- www.dailynews.com
Greed is to blame for housing, credit crisis (Los Angeles Daily News) Maybe we're wrong in simply blaming adjustable-rate loans for creating the quagmire in which the housing market is foundering.
- www.manilatimes.net
Legit CTPL insurers have nothing to fear (The Manila Times) Reacting to my July 14 column, titled “Last days for auto insurance buccaneers,” reader Ron Dumlao said in an email that the new Compulsory Third Party Liability (CPTL) insurance system would dislocate “60,000 employees, including my mom.”
- www.abcnews.go.com
Citigroup Posts $2.5B Loss, but Beats Expectations - ABC News Handicappers say losses at Citigroup may not be as bad as expected. Citigroup posted another loss and laid off 6,000 employees in the second quarter as it struggled with surging loan defaults, but the $2.5 billion shortfall was smaller than Wall ...
- www.investorschronicle.co.uk
Markets Monday: FTSE lower, metals weak (Investors Chronicle) London equities slipped on Monday, FT.Com reports , with cautious trading in financial stocks after HSBC became the latest UK bank to announce a sharp fall in profits and rise in bad debt provisions.
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