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Calabasas (News)
Is Your Bank Safe?
Nothing says hard times like people standing outside a bank demanding their money. IndyMac Bancorp's (idmc.pk.PK) failure and the resulting chaos were reminiscent of Depression-era bank runs even if the country's economic condition doesn't marginally resemble that era. But in an economic slowdown with few visual reference points -- what does a subprime loan look like anyway? -- IndyMac's failure carried a clear message for some: Stick your money under the mattress.

Housing rescue plan passes key Senate test
WASHINGTON - A massive foreclosure rescue bill cleared a key Senate test Tuesday by an overwhelming margin, with Democrats and Republicans both eager to claim election-year credit for helping hard-pressed homeowners.

Ethics war heats up as key Obama advisor resigns
CHICAGO (AFP) - Democrat Barack Obama was roiled by another campaign scandal Wednesday when a key advisor resigned amid damaging reports that he had received preferential home loans.

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Calabasas (Star)
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Calabasas (Gallery)
 
Countrywide pressured by credit crunch
2007-08-16

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Countrywide Financial
No.2029


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