Foreclosed Houses Haunt Home Builders Wall Street Journal As the normally hot spring selling season begins, two houses in the Inland Empire region of Southern California sum up the big problem facing many of the nation's largest home builders. One of the houses, a four bedroom built in 2006 that...
As big banks on government life support — particularly Bank of America and Citigroup — continue to struggle amid rising fears that they are mortally wounded “zombie banks,” a growing chorus of industry leaders are calling for the nationalization of insolvent lending institutions...