Thursday, 31 May 2012


Greek suicide epidemic continues: Debt-strapped pensioner hangs himself: “Greece will be wiped off the map! Unless of course there was a politician with [Margaret] Thatcher’s balls so as to put us and our state in line,” he lamented.

Christine Lagarde, scourge of tax evaders, pays no tax: IMF boss who caused international outrage when she suggested that Greeks should pay their taxes earns a tax-free salary

Pending U.S. Home Sales Fall 5.5 Percent in April: Contracts to purchase previously owned U.S. homes unexpectedly fell in April to a four-month low, undermining some of the recent optimism that the housing sector was touching bottom.

Home prices lowest since 2002: Average home prices were down 2.6% from 12 months earlier, according to the S&P/Case-Shiller home price index of 20 major markets. Home prices have not been this low since mid-2002.

Wells Fargo to Pay $432 Million in Lending Lawsuit:Memphis and Shelby County filed a lawsuit in 2010 against Wells Fargo, accusing the bank of targeting of African-American neighborhoods for predatory loans. The suit alleged the practice, which dated to 2000, resulted in excessive foreclosures in those neighborhoods.