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  1. $300B mortgage-aid program has few takers - Newsday
    www.newsday.com
    The government expects only 20,000 troubled borrowers will be able to refinance into more affordable home loans by next fall under a new mortgage-aid program passed by lawmakers over the summer. The $300-billion Hope for Homeowners program was ...
  2. Circuit City seeks bankruptcy protection amid pressure from vendors ... - Newsday
    www.newsday.com
    RICHMOND, Va. (AP) _ Circuit City Stores Inc. , the nation's second-biggest electronics retailer, filed for bankruptcy protection on Monday but plans to stay open for business as the busy holiday season approaches. It said it decided to file for ...
  3. Australia banks reveal exposure to failed firms - Guardian Unlimited
    www.guardian.co.uk
    Australian banks have so far largely weathered the sub-prime mortgage crisis and global credit squeeze without too many major problems, unlike their peers in the U.S. and Europe. But their heavy reliance on wholesale funding has hiked their cost of ...
  4. (AFX UK Focus) 2008-11-07 01:57 Fed's Warsh--Credit mkts improving but tentatively (Interactive Investor)
    www.iii.co.uk
    NEW YORK, Nov 6 (Reuters) - Recent developments in credit markets suggest some easing in lending conditions, but it is way too early to claim victory in efforts to stem the financial crisis, Federal Reserve Governor Kevin Warsh said on Thursday. Warsh added that markets were indeed still functioning, and were simply offering judgements that were highly troublesome to investors. "Market ...
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