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A neighborhood shattered: Tropicana is epicenter of San Jose`s foreclosure crisis
Throughout San Jose, roughly 4,000 homes are in various states of foreclosure, 1.7 percent of all households. But in Tropicana, the 95122 ZIP code, more than 300 homes, or 2.7 percent of households, are in the midst of foreclosure. Barely a block is spared, and the worst have four or five empty homes. Here's what it's like for the people left behind.
Mercury News

Home buyers expect bargains at foreclosure auction this weekend
KSDK -- The struggling housing market is creating opportunities for home buyers. Across the country, thousands of foreclosed homes will be up for auction this weekend. Dozens of those homes are locate...
Big News Network

Sinking China`s Video Pirates
As streaming video piracy moves to China, start-up Vobile wants to attack copyright infringement on its home turf.
Forbes

American Tenants Association lines up behind renter foreclosure protection
The American Tenants Association is advocating that states take charge of a growing problem of renters being thrown out of their homes because the mortgage holder goes into foreclosure.
Biz Journal

Wall street soars on bank plan, home sales uptick
NEW YORK - Wall Street is getting the good news it wants on the economy's biggest problems: banks and housing.
Arizona Daily Star

FDIC chair: Banks should pay for dismantling
The nation's largest banks could take on more assessments levied by the Federal Deposit Insurance Corp. and face penalties for becoming too large, FDIC Chairwoman Sheila Bair hinted Friday morning in Phoenix.
Biz Journal

Senators push for bonus clawback
Senators are preparing a final push next week to impose a punitive tax on bonuses at bailed-out financial institutions such as AIG, the troubled insurance group
FT

Pa. approves insurance discount on green homes
A Pennsylvania insurance company will soon offer a home policy that features a discount for energy-efficient solar and geothermal systems.
The Philadelphia Inquirer

Regulators seize two large corporate credit unions
SAN FRANCISCO (MarketWatch) -- The National Credit Union Administration Board said Friday it has placed two large corporate credit unions into conservatorship 'to stabilize the corporate credit union system and resolve balance sheet issues.' The NCUA said Lenexa, Kan.-based U.S. Central Federal Credit Union and San Dimas, Calif.-based Western Corporate were placed into conservatorship 'to protect retail credit union deposits and the interest of the National Credit Union Share Insurance Fund.' U.S. Central has roughly $34 billion in assets and WesCorp has $23 billion in assets, the NCUA said. Corporate credit unions are chartered to act as a sort of clearinghouse for credit unions serving consumers. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Market Watch

Activists protest bonuses at AIG executives` homes
FAIRFIELD, Conn. (AP) -- A busload of activists - outnumbered 2-to-1 by reporters and photographers - are paying visits to the homes of American International Group Inc. executives in Connecticut to protest tens of millions in bonuses awarded by the company....
The Arizona Republic

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