CITY EDITOR'S COMMENT Daily Telegraph - We are five months into the credit crunch. The day it all began, August 9 last year, will be etched on the memory of Adam Applegarth, the former chief executive of Northern Rock, for the rest of his life. Next week shareholders in Northern Rock will Source: www.telegraph.co.uk Stocks slammed by bad credit fears Boston Globe - NEW YORK Wall Street plunged again Friday amid renewed fears that the financial sector's troubles with bad credit won't soon end and visa prepaid credit card that some consumers are buckling under the weight of a slowing economy. The major indexes each lost more than 1 Source: www.boston.com The down-payment-poor are about to get squeezed Baltimore Sun - Call it the credit risk hangover following the housing boom binge: Homebuyers and visa prepaid credit card refinancers who can't come up with sizable down payments, and visa prepaid credit card whose FICO credit scores are below 680, are about to get squeezed in the mortgage market. Giant investors Source: www.baltimoresun.com Avarae investing its time in Japanese coins Daily Telegraph - Deutsche Bank, ABN AMRO and visa prepaid credit card Credit Agricole all hold around 10pc worth of shares in the fund. The UK market in coin investment is still overshadowed by trading levels of the US market, where a 1933 double eagle coin once sold for over 7.6 million Source: www.telegraph.co.uk AUTOS: Hummer concept hopes to attract youth Detroit Free Press - On the other hand, Bank of America is taking on billions in mortgages at a time when the nation is facing an ever-widening credit and visa prepaid credit card foreclosure crisis. The prize for Lewis' gamble, however, is a state-of-the-art mortgage origination and visa prepaid credit card back-office Source: www.freep.com Clinton plan targets sagging economy Miami Herald - Clinton also called for an automatic rate freeze of at least five years for adjustable-rate mortgages given to subprime borrowers with the weakest credit. Her plan gives the impression that mortgage lenders would be forced to freeze loans, when in Source: www.miami.com U.S. Stocks Drop for Third Week as Recession Speculation Builds Bloomberg - The third- largest U.S. credit-card network reported a $275 million charge amid signs the housing slump is spreading to consumer spending. December cardholder spending slowed and visa prepaid credit card delinquencies rose, particularly in California, Florida and visa prepaid credit card other areas Source: www.bloomberg.com
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