Mortgage and Financial News From 2008-1-24 Page 56

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• Wall Street Builds on Gains - TheStreet.com

  Wall Street Builds on GainsTheStreet.com - 1 hour agoThe rise in foreign markets comes despite word that French bank Societe Generale said it has uncovered a more than $7 billion fraud committed by a rogue ...
  2008-01-24 07:48:23

• Morning business file: Canadian stocks rise - Canada.com

  Morning business file: Canadian stocks riseCanada.com, Canada - 56 minutes agoPARIS (Reuters) A "massive fraud" by a junior rogue trader has punched a $7 billion hole in the finances of French bank Societe Generale, ...
  2008-01-24 07:52:54

• The Price of Fear: Scared Teachers and Social Workers - Bay Area Indymedia

  The Price of Fear: Scared Teachers and Social WorkersBay Area Indymedia, CA - 48 minutes ago... the author of 5 books and articles on government policy, alternative fuels, the black farm crisis, mortgage fraud and American culture. ...
  2008-01-24 08:00:33

• Stocks soar despite trader scandal - Hemscott

  Stocks soar despite trader scandalHemscott, UK - 48 minutes agoThe market puts on its biggest rally in five years on the same day that one of Europe's leading banks reveals the largest ever rogue-trader fraud. ...
  2008-01-24 08:01:03

• Stocks Fluctuate After Rally - The Associated Press

  Stocks Fluctuate After RallyThe Associated Press - 28 minutes agoSociete Generale said it discovered a $7.14 billion fraud conducted by a single futures trader. Given the market's recent volatility, it remains less likely ...
  2008-01-24 08:20:45

• Tax Tips: Home ownership pays at tax time - WalletPop

  Tax Tips: Home ownership pays at tax timeWalletPop, VA - 25 minutes agoTracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author ...
  2008-01-24 08:23:11

• China growth stats help drive TSX up; NY also higher following tax ... - The Canadian Press

  China growth stats help drive TSX up; NY also higher following tax ...The Canadian Press - 17 minutes agoThe fraud destabilized a major bank already exposed to the US subprime mortgage crisis. France's second-largest bank by market value, already suffering from ...
  2008-01-24 08:31:19

• Rogue trader blamed for 5-billion-euro French bank fraud - AFP

  Rogue trader blamed for 5-billion-euro French bank fraudAFP - 17 minutes ago... suspended but the stock fell five percent after they resumed, as a result of the fraud and a 2.05 billion euro loss in the US subprime mortgage market. ...
  2008-01-24 08:31:24

• Societe Generale files complaint for forgery in trading scandal - Forbes

  Societe Generale files complaint for forgery in trading scandalForbes, NY - 15 minutes ago... fraud discovered last weekend. The bank also said it would take a further 2.1 bln eur in asset writeoffs tied to the US subprime mortgage loan crisis, ...
  2008-01-24 08:33:16

• Rogue Trader Costs Bank Billions - Forbes

  Rogue Trader Costs Bank BillionsForbes, NY - 14 minutes ago18, and the fraud was uncovered over the weekend. Société Générale, already on the ropes for its exposure to US subprime mortgage securities, had to quickly ...
  2008-01-24 08:34:55

• Wall Street Builds on Gains (TheStreet.com)

  Treasury bond prices are rising.
  2008-01-24 07:57:45

• Prague bourse PX index up 8.4% Thurs. with all titles in green, led byCzech utility CEZ (Interfax)

  PRAGUE. JANUARY 24. INTERFAX CENTRAL EUROPE - The Prague Stock Exchange (BCPP) blue-chip PX index rallied Thursday to close up 8.42% at 1,523.4 points, with all titles gaining in line with regional optimism, led by heavyweight Czech state-controlled power utility CEZ and Czech lender Komercni banka.
  2008-01-24 08:11:16

• (AFX UK Focus) 2008-01-24 15:45 GMT: THOMSON FINANCIAL NEWS TOP STORIES Macroeconomics 15:30 GMT (Interactive Investor)

  2008-01-24 15:28:40 US existing home sales down 2.2 pct in December, down 12.8 pct for 2007
  2008-01-24 08:12:24

• Rogue trader blamed for 5-billion-euro French bank fraud (AFP via Yahoo! News)

  French banking giant Societe Generale said Thursday a single trader who fooled his bosses carried out a massive 4.9 billion euro (7.15 billion dollar) fraud -- one of the biggest scams in financial history.
  2008-01-24 08:34:23

• Stocks Higher After Wild Wednesday (WCVB Boston)

  Wall Street is keeping the gains from Wednesday's wild finish.
  2008-01-24 08:38:41

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