When A Woman Tries To Sell Her Home, She Finds Out The Bank Has Foreclosed On It

  These days, the process of selling a home is hard enough. Now imagine selling one you thought you owned but did not. How Did This Happen? That’s what happened to Lily Diaz, a California woman who got two offers on her house, only to find that Wells Fargo had actually foreclosed on the home, according […]

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The Bank Stress Tests: A $75 Billion Mid-Term Exam

Federal Reserve chairman Ben Bernanke, speaking via satellite to a bank conference sponsored by the Chicago Federal Reserve Bank, said on Thursday morning that the stress tests ‘will allow, I hope, for greater confidence in the banks.’ But even though the stress tests are over, the banks and their investors are not out of the woods.

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