Thursday, April 16, 2009

Fort Worth-area home foreclosures leap to record level (Fort Worth Star-Telegram)

The number of postings in Tarrant County hit a record 1,836 in April, surpassing the previous high, set in 2008, said Addison-based Foreclosure Listing Service., more 
and Banks Must Brace For New Losses (GoldSeek.com)  One must give a tip of the hat to the Wall Street conmen for engineering a reasonably robust stock rally. The Dow and S&P were led by financials. The Financial Times out of London claims ‘no real money’ was behind the stock rally of over 20%. They must mean huge short covering, enhanced by pressure tactics from Wall Street brokerages themselves., more 

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