S&P statement and Bear Stearns Rescue, updates

S&P sees end to subprime mortgage writedownsStandard & Poor’s said subprime write-downs for large financial institutions are likely past the halfway mark, but they could still hit $285 billion.MAKING SENSE OF THE STORY FOR CONSUMERS• S&P’s...

HOUSING CRISIS TO EASE IN 2008

HOUSING CRISIS TO EASE IN 2008UCLA Anderson Forecast Director Edward Leamer had said "The housing market woes are expected to begin easing up by late 2008 and, despite mounting job losses and fuel and food cost increases, the country will avoid a full...