Former IMF Executive Desmond Lachman discusses why Irelands debt woes could spread like wildfire.
Monday, November 22, 2010
European Debt Union: Ireland in Euro Cage
Rt discusses Irish bailout with British conservative MP Douglas Carswell.
Dubliners Angry Over Bailout
itnnews--November 22, 2010--Dublin residents have expressed anger and disappointment over the application to the EU and IMF for a rescue package.
Ireland Formally Applies for Bailout
FBN's Connell McShane on Ireland's request for a bailout from the EU and the IMF.
Saturday, November 20, 2010
US foreclosures under scrutiny
US foreclosures under scrutiny
The number of homes being repossessed in the United States fell nationwide this past month, and could fall even further.
But hundreds of thousands of Americans are on the brink of losing their homes, amid accusations that banks have been wrongly handling foreclosures.
The foreclosure crisis began with the recession of 2008, when the US housing bubble burst. Lenders were faced with millions of defaults at once, and lacked the manpower to process all the paperwork.
This contributed to what has become known as "robo-signing", bank staff signing off on repossessions, without properly checking all the documents. Now there is an ongoing legal investigation into foreclosure practices in all fifty states.
And several major financial institutions have temporarily halted thousands of foreclosure proceedings while this is going on.
Al Jazeera's Scott Heidler traveled to the frontlines of the foreclosure crisis, to the city of Portland, Maine, where the allegations first emerged.
The number of homes being repossessed in the United States fell nationwide this past month, and could fall even further.
But hundreds of thousands of Americans are on the brink of losing their homes, amid accusations that banks have been wrongly handling foreclosures.
The foreclosure crisis began with the recession of 2008, when the US housing bubble burst. Lenders were faced with millions of defaults at once, and lacked the manpower to process all the paperwork.
This contributed to what has become known as "robo-signing", bank staff signing off on repossessions, without properly checking all the documents. Now there is an ongoing legal investigation into foreclosure practices in all fifty states.
And several major financial institutions have temporarily halted thousands of foreclosure proceedings while this is going on.
Al Jazeera's Scott Heidler traveled to the frontlines of the foreclosure crisis, to the city of Portland, Maine, where the allegations first emerged.
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