(WashingtonsBlog) – Geithner: Taxpayers Are Likely to Face “Very Substantial” Losses From Government’s Takeover of Fannie and Freddie

Tim Geithner told the House Financial Services Committee today that txpayers are likely to face “very substantial” losses from the government’s takeover of home mortgage giants Fannie Mae and Freddie Mac. Read More Here

(CBS3) – Homeowners Facing Foreclosure Take Own Lives

The foreclosure crisis in Philadelphia is now becoming a matter of life and death. Eyewitness News has learned that in the past month, two homeowners took their own lives before sheriff’s deputies arrived to tell them that they were being evicted. Read More Here

(Fox) – Fox News Poll: 79% Say U.S. Economy Could Collapse

The latest Fox News poll finds that 79 percent of voters think it’s possible the economy could collapse, including large majorities of Democrats (72 percent), Republicans (84 percent) and independents (80 percent). Read More Here

(AFP) – Geithner says Fannie, Freddie overhaul must wait

US Treasury Secretary Timothy Geithner on Tuesday swatted aside pressure for a swift reform of troubled government-backed mortgage giants as data pointed to a still struggling real estate market. Read More Here

(Bloomberg) – U.S. Economy: Sales of Existing Homes Decrease, Supply Climbs

Sales of existing U.S. homes fell in February for a third month, and the number of properties on the market climbed by the most in almost two years, casting a pall over the prospects for a recovery. Read More Here

(WSJ) – Learjet Repo Man Doing Brisk Business

Ken Cage isn’t your typical repo man. Rather than snatch cars from an over-extended middle class, he takes back yachts, planes and other toys from the over-leveraged rich. Read More Here

(MSNBC) – Video: Lehman Bros categorized loans as sales to hide debt – Dylan Ratigan –

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