IMF Says U.S. Financial System May Need $76 Billion in Capital

US economy shows signs of slowdown as consumer spending falters

"Normally at this stage of the recovery we see confidence returning, but that just isn't happening at the moment. Instead we see anxiety about the future and the outlook for sub-trend growth," he said.

http://www.guardian.co.uk/business/2010/jul/30/us-economy-falters-consumer-spending-slows



IMF Says U.S. Financial System May Need $76 Billion in Capital

The U.S. financial system remains fragile and banks subjected to additional economic stress might need as much as $76 billion in capital, according to the results of International Monetary Fund stress tests.

http://bit.ly/b7X8CI



Homes keep falling into foreclosure as programs fail to help

In the first half of 2010, more than 1.6 million U.S. properties were hit with foreclosure filings, which include bank repossessions, default notices and auction sale notices.

http://bit.ly/9CfWk0


From Information Clearing House



http://sharenews.twoday.net/search?q=financial+system
http://sharenews.twoday.net/search?q=recovery
http://sharenews.twoday.net/search?q=foreclosure
http://sharenews.twoday.net/search?q=IMF
http://sharenews.twoday.net/search?q=consumer+spending

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