My Alerts: Mortgage NYT (6 articles)

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Alert Name: Mortgage NYT
June 4, 2009 Compiled: 12:50 AM


If investors in New York and London are seeing the green shoots of economic recovery, their counterparts in developing countries are witnessing a full-on spring.


Countries worldwide are paying higher interest rates on their expanding debt, which could translate into hundreds of billions of dollars more in spending for countries like the U.S., Britain and Germany.


Ben S. Bernanke said the government needed to turn its attention to restoring fiscal balance, even as it tries to spend its way out of the economic crisis.


The plan by the top futures trading official will impose new restrictions, and higher costs, on those trading in the instruments.


Under sharp questioning from senators, auto executives said their actions were a necessary part of creating leaner, more competitive companies.


Selling off the troubled mortgages, even with government help, would force banks to mark down the loans and book big losses.

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