A mortgage crisis like the one that has devastated homeowners is enveloping the nation’s office and retail buildings, and few places are likely to be hit as hard as Washington DC.
The foreclosure wave is likely to swamp many smaller community banks across the country, and many well-known properties, including Washington’s Mayflower Hotel and the...
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Accion USA, a nonprofit lender specializing in loans to small businesses, has opened an office inside Unity Square’s offices in New Jersey, which administers a range of housing, economic development, and social services programs.
“When we started organizing the neighborhood and meeting with the neighborhood residents, it became very, very clear that many of them...
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The most important financial instruments on Earth — long-term bonds issued by sovereign governments are the next victims of too much government debt, including U.S. Treasury Bonds.
Greek government bond collapse the first victim and spreading
On October 8, 2009, Greece’s benchmark 10-year bond was selling for 112.295. Today, it has collapsed to 92.13.
And the drama...
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