The economy is always great in HannityWorld, where a conservative can do no wrong.
FDIC to Add Staff as Bank Failures Loom
By DAMIAN PALETTA
February 26, 2008; Page A2
WALL STREET JOURNAL
WASHINGTON -- The Federal Deposit Insurance Corp. is taking steps to brace for an increase in failed financial institutions as the nation's housing and credit markets continue to worsen. The FDIC is looking to bring back 25 retirees from its division of resolutions and receiverships. (Via Atrios -> CalculatedRisk)
Home prices plunge at record rate in 2007: S&P
Tue Feb 26, 2008 11:00am EST
By Julie Haviv
NEW YORK (Reuters) - The collapse in home prices accelerated to a record pace in the fourth quarter of 2007, with prices plunging 8.9 percent last year, according to a national home price index released on Tuesday.
The 8.9 percent year-over-year decline was the largest in the 20-year history of the index, as housing was pressured lower by a huge supply of homes for sale, rising foreclosures and tighter lending conditions.
Tuesday, February 26, 2008
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