BAD NEWS: The forgettable first half of 2008 is stumbling to a close. On Friday, the Labor Department reported that American employers axed 49,000 jobs in May, the fifth straight month of job losses—an event that signals a recession sure as the glittery ball dropping on Times Square augurs a New Year. The report, which [...]
June 10, 2008
California Mortgage Reform Moving Along Slowly
SACRAMENTO — As the worst foreclosure crisis since the Great Depression drags down the California economy, the Legislature is making only limited progress this year on proposals for sweeping changes in the home mortgage industry.
Amid fanfare this winter, lawmakers held televised news conferences and introduced an unprecedented number of bills that would more heavily regulate [...]
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