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Banks may need to raise fresh capital in ‘09: Whitney (Reuters)
Reuters - U.S. banks will have to raise fresh capital in 2009, and a sharp increase in credit-rating downgrades on mortgage-related securities will lead to further stresses on the companies’ capital, according to prominent banking analyst Meredith Whitney.
Fed and other agencies to join U.S. fraud task force (Reuters)
Reuters - The U.S. government is beefing up a task force to fight mortgage crimes and safeguard federal financial bailouts, the U.S. Justice Department said on Tuesday.
British house prices fell by record amount in 2008 (AP)
AP - British house prices fell by their biggest annual amount in at least 56 years during 2008 as credit seized up and incentives to enter the market evaporated amid sliding home values, a leading mortgage lender said Tuesday.
Madoff scandal, SEC role under scrutiny (AP)
AP - Two more months of mortgage payments and retiree Allan Goldstein says he’ll be broke, just another victim in what may be the biggest Ponzi scheme in history.
Plan B for retirees who counted on home equity (AP)
AP - The safety net is almost gone, the nest egg is cracking.

