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Readers Respond: Foreclosure solution? Hardly
An article in yesterday's Home Channel News Monday described an idea from the U.S. Department of Housing and Urban Development to turn government-owned foreclosures into rentals. The idea received a chilly reception from readers.
“In a word, Geithner’s idea is ‘stupid’.
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Whirlpool reports Q2 loss
Benton Harbor, Mich.-based Whirlpool has announced a second-quarter net loss of $161 million, compared with net earnings of $205 million in the same period last year.
Second-quarter results include the settlement of a Brazilian collection dispute for about $3.78 per share and increased accruals related to developments in the Embraco antitrust matters of $1.08 per share.