Economy News for Sat 21 Aug 2010

[Cheryl Nelson]

Nearly 50% Leave Obama Mortgage-Aid Program http://finance.yahoo.com/news/Nearly-50-percent-leave-Obama-apf-1111893492.html?x=0 Regulators Shut Down Big Chicago ShoreBank, 7 Others http://finance.yahoo.com/news/Regulators-shut-down-big-apf-3870586196.html?x=0 Lenders Agree To Prop Up Ailing ShoreBank http://www.foxbusiness.com/markets/2010/05/17/lenders-agree-prop-ailing-shorebank/ (from May 2010) And So It Begins: Gold & Silver Liquidity Increases http://news.goldseek.com/GoldSeek/1282314612.php CBO: US Faces Slow Recovery, Near Record Deficit http://www.washingtontimes.com/news/2010/aug/19/cbo-us-faces-slow-recovery-near-record-deficit/ Markets Plunge After Weak US Data Overshadows European Optimism http://www.guardian.co.uk/business/marketforceslive/2010/aug/19/bonds-gold Banks Lead Increase In European Bond Risk On US Economy "Double Whammy" http://www.guardian.co.uk/business/marketforceslive/2010/aug/19/bonds-gold