Thursday January 17 Housing and Economic stories

Top Stories:

$3B Vegas Casino Project Facing Foreclosure - (www.ap.com)
Recession looming in US housing-boom states - (www.ft.com)
Economists warn on California and Florida - 23:39

Buddy, Can You Spare a Billion? - (www.nytimes.com)
New Troubles for Apartment Mogul in South - (www.nytimes.com)
Housing... Trouble at El Cortez - (www.voiceofsandiego.org)
The foreclosure crisis continues to roll on in North Minneapolis - (www.buzz.mn)
San Diego Housing Down 13 Percent - (www.10news.com)
Friedman Billings Ramsey lender to file bankruptcy - (money.cnn.com)
Ambac slumps on plan to raise capital; CEO leaves - (www.marketwatch.com)
China Tells Banks to Set Aside Bigger Reserves - (www.bloomberg.com)
Northern Rock Tumbles as Brown Weighs Nationalization - (www.bloomberg.com)
The Education of Ben Bernanke - (www.nytimes.com)
Calpine, Delphi, New Century, Basis Yield: Bankruptcy - (www.bloomberg.com)


Other Stories:

Stimulus Deal May Be Possible - (online.wsj.com)
CFO expectations hit new low - (www.cfo.com)
State jobs picture turns ugly - (www.startribune.com)
Wake up call for economy - (www.chron.com)
The debate over how to juice the economy - (money.cnn.com)
SoCal House Prices Keep Sliding - (www.knx1070.com)
Percent of CA houses in Foreclosure - (www.patrick.net)
Foreclosures jump in California - (www.centralvalleybusinesstimes.com)
Tidal Wave of Foreclosures Strikes SF Bay Area - (www.erica.biz)
Foreclosures: Coming Soon to a Neighborhood Near You - (seekingalpha.com)
Bank of America Engineers "Fake Rescue" in Sub-Prime Fire Sale - (www.alternet.org)
IndyMac Slashes 24% of Staff - (www.thestreet.com)
IndyMac to cut 2,400 jobs - (www.latimes.com)
Wells Fargo quarterly profit falls - (www.reuters.com)
Regional U.S. Banks May Report Record Drop in Quarterly Profits - (www.bloomberg.com)
Bank of America Curbs Investment Banking - (www.nytimes.com)
A Growing Foreign Stake in U.S. Banks - (www.washingtonpost.com)
Questions for Citigroup's Former Chief - (www.businessweek.com)
An Effort to Stem Losses at Citigroup Produces a Renewed Focus on Risk - (www.nytimes.com)

We lost all your money. But let's pretend we didn't. - (www.patrick.net)
Trader Made Billions on Subprime - (online.wsj.com)
Dirty Deeds - (www.businessweek.com)
Deutsche Bank Chief Says U.S. Housing Crisis Not Over - (www.bloomberg.com)
Down Under Feels the Subprime Crisis, Too - (www.businessweek.com)
How the U.S. Could End Up with High Interest Rates - (Charles Hugh Smith, www.oftwominds.com)
Zillow Data Not Consistent - (www.patrick.net)
Selling America for Designer Boots, Top Hats and Thimbles - (www.thetrumpet.com)
MBIA's Surplus Notes Plunge 12% on Capital Concerns - (www.bloomberg.com)
Lenders Rethink Home-Equity Loans - (online.wsj.com)
Ambac's Ratings Reviewed by Moody's for Possible Downgrade - (www.bloomberg.com)
Ambac Financial to Raise $1 Billion - (www.ap.com)
JPMorgan Fourth-Quarter Earnings Fall, Miss Analyst Estimates - (www.bloomberg.com)
S&P Will Review Bond Insurers With New Assumptions - (www.bloomberg.com)
Rising diesel prices smack businesses - (www.philly.com)