Sign in or 
Share this
Fed reports record fall in household net worth
By MARTIN CRUTSINGER, AP Economics Writer Martin Crutsinger, Ap Economics
March, 12, 2009
http://news.yahoo.com/s/ap/20090312/ap_on_bi_go_ec_fi/consumer_finances
WASHINGTON – “The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year.”
“After five straight years of sharp increases in home prices, the housing bubble burst in 2007, sending shockwaves through the financial system as banks were hit with billions of dollars of losses on mortgages and mortgage-backed securities.”
March, 12, 2009
http://news.yahoo.com/s/ap/20090312/ap_on_bi_go_ec_fi/consumer_finances
WASHINGTON – “The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year.”
“After five straight years of sharp increases in home prices, the housing bubble burst in 2007, sending shockwaves through the financial system as banks were hit with billions of dollars of losses on mortgages and mortgage-backed securities.”
ellasilveira |
Latest page update: made by ellasilveira
, Mar 12 2009, 3:22 PM EDT
(about this update
About This Update
Edited by ellasilveira
79 words added view changes - complete history) |
|
Keyword tags:
long realty
More Info: links to this page
|
There are no threads for this page.
Be the first to start a new thread.
