Foreclosure filings up 70 percent in 2006

We knew this was coming, didn’t we?

Petitions to foreclose on Massachusetts homeowners rose nearly 70 percent in 2006, and the number of distressed properties that went to auction increased 46 percent, a report said today. Continue reading

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Wal-Mart (ahem) Expands? (Updated)

If this isn’t the be-all, end-all, last-word killer argument for finally dumping deregulation, I don’t know what is: Wal-Mart wants to become *cough* a bank.

The federal agency that insures bank deposits is expected to decide this week whether Wal-Mart Stores can move ahead with its plan to open a bank.

Wal-Mart critics want the Federal Deposit Insurance Corp.’s board, which meets Wednesday, to deny the retailer’s application for a type of bank known as an industrial loan company, or ILC. Continue reading