House OKs new taxes on big oil companies - Yahoo! News

House OKs new taxes on big oil companies - Yahoo! News: "WASHINGTON - The House approved $18 billion in new taxes on the largest oil companies Wednesday as Democrats cited record oil prices and rising gasoline costs in a time of economic troubles."

Economy.com: One in 10 Home Loans Under Water

Economy.com: One in 10 Home Loans Under Water: "NEW YORK -- One-tenth of U.S. homeowners hold mortgages that are larger than the worth of their homes, Moody's Economy.com said Friday."

Bloomberg.com: U.S.

Bloomberg.com: U.S.: "Feb. 26 (Bloomberg) -- Bank seizures of U.S. homes almost doubled in January as property owners failed to make higher payments on adjustable-rate mortgages.

Repossessions rose 90 percent to 45,327 last month from the same period a year ago, according to RealtyTrac Inc., a seller of foreclosure statistics that has a database of more than 1 million properties."

After subprime debacle, U.S. wrestles with question of bank bailouts - International Herald Tribune

After subprime debacle, U.S. wrestles with question of bank bailouts - International Herald Tribune: "WASHINGTON: Over the past two decades, few industries have lobbied more ferociously or effectively than banks to get the government out of its business and to obtain freer rein for 'financial innovation.'

But as losses from bad mortgages and mortgage-backed securities climb past $200 billion, talk among banking executives about a major government rescue plan is suddenly coming into fashion."

Traitor Greenspan Urges Gulf States To Abandon Dollar

Traitor Greenspan Urges Gulf States To Abandon Dollar: "Greenspan's zeal to destroy the dollar is evident in numerous public statements he has made predicting the replacement of the dollar with the Euro as the world reserve currency.

The former Fed chairman has repeatedly badmouthed the dollar and hyped the inevitability of economic chaos at a time when market confidence is in the toilet. Greenspan's rhetoric matches that of the IMF, who in October of last year bizarrely slammed the dollar as 'overvalued' at the same time the greenback hit its all time low against the Euro."

Foreclosures up 57 percent in the past year - Mortgage mess- msnbc.com

Foreclosures up 57 percent in the past year - Mortgage mess- msnbc.com: "LOS ANGELES - The number of homes facing foreclosure jumped 57 percent in January compared to a year ago, with lenders increasingly forced to take possession of homes they couldn’t unload at auctions, a mortgage research firm said Monday."

Economy.com: One in 10 Home Loans Under Water

Economy.com: One in 10 Home Loans Under Water: "NEW YORK -- One-tenth of U.S. homeowners hold mortgages that are larger than the worth of their homes, Moody's Economy.com said Friday."