Britannia Radio

Morgan Stanley Property Fund Faces $5.4 Billion Loss: Morgan Stanley has told investors in its $8.8 billion real-estate fund that it may lose nearly two-thirds of its money from bum property investments. That would likely make it the biggest dollar loss—$5.4 billion—in the history of private-equity real-estate investing.

Bernanke Warns: U.S. Debt Could Balloon to More Than 100% of GDP : 2 Minute Video

Fed Shouldn’t Reveal Crisis Loans, Banks Vow to Tell High Court: The biggest U.S. commercial banks will take their fight against disclosure of Federal Reserve lending in 2008 to the Supreme Court if necessary, the top lawyer for an industry-owned group said.

The Whistleblower They Ignored: You have probably never heard of him, but his testimony Friday before the Financial Crisis Inquiry Commission, available on the commission’s website, is must reading for anyone trying to figure out why U.S. taxpayers had to bail out companies to the tune of hundreds of billions of dollars.

75% Of Homeowners In Obama's Loan Modification Plan Still Owe More Than Their Homes Are Worth: Over half of the roughly 170,000 distressed borrowers who have gone through the program are seriously underwater, meaning they have negative equity of at least 25 percent, the report shows, citing data through February. In other words, for every $1.00 their home is worth, they owe at least $1.25.

Mortgage programs not doing enough: 6 million families are currently 60 days past due and facing the possibility of foreclosure, and 200,000 families that are posted for foreclosure every single month.

Eating well on $68.88 a week? That's the food stamp budget for a family of 4: How well can a family of four eat on just $68.88 a week? For more than 38 million Americans, it's more than a matter of conjecture.