Monday, February 16, 2009

Realty Times - "Washington Report: Non-Repayable Tax Credit" (2-16-09)

"First time buyers will get an improved, higher, nonrepayable version of last year's repayable $7,500 tax credit under Congress's massive $789 billion economic stimulus package."

Orange County Register - "$524 billion in losses forecast at biggest banks" (2-16-09)

"The future losses for some banks are staggering by CreditSights’ estimates: Wells Fargo, $119 billion; BofA, $99 billion; JPMorgan, $124 billion; Citi, $101 billion; Goldman Sachs: $47 billion; Morgan Stanley, $34 billion."

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