HOUSING: Builders struggle to sell, turn to auctions (North County Times)
Over the past year, auctions of beaten-up foreclosures have become increasingly prevalent as a sales tactic. Now, as the nation's financial infection spreads, new, upscale "estates" are popping up for auction, with starting bids 50 percent off the or
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HOUSING: Builders struggle to sell, turn to auctions (North County Times)
Over the past year, auctions of beaten-up foreclosures have become increasingly prevalent as a sales tactic. Now, as the nation's financial infection spreads, new, upscale "estates" are popping up for auction, with starting bids 50 percent off the original price.
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UPDATE: ECB: Raises Dollar Amounts For 4Q Dollar Auctions (Nasdaq)
FRANKFURT -(Dow Jones)- In another coordinated move to ply markets with dollar liquidity, the European Central Bank Tuesday said it would raise the amount of dollars it provides in 28-day and 84-day auctions during the fourth quarter.
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BOE: To Hold Forward Auctions To Provide Year End Funds (Nasdaq)
LONDON -(Dow Jones)- The Bank of England said Tuesday it will hold two forward auctions in dollars under the swap facility with the Federal Reserve, to provide extra liquidity over year-end.
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ECB: Raises Dollar Amounts For 4Q Dollar Auctions (Nasdaq)
FRANKFURT -(Dow Jones)- The European Central Bank Tuesday said it would raise the amount of dollars it provides in 28-day and 84-day auctions during the fourth quarter.
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Fed Auctions $138 Billion To Banks At 1.39% (Fox News)
Fed Auctions $138 Billion To Banks At 1.39%
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Fed Announces Schedule For Upcoming TAF Auctions (Nasdaq)
(RTTNews) - The Federal Reserve announced on Tuesday the schedule for the auctions it will conduct to inject liquidity into the markets. The Fed, which had previously announced 28-day credit auction in October and November, said it will conduct another one in December.
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Fed to double cash auctions to banks, up to $900 billion (International Herald Tribune)
The Federal Reserve said Monday that it would double its auctions of cash to banks to as much as $900 billion and was considering further steps to unfreeze short-term lending markets.
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Fed to boost auctions, pay interest on reserves (Reuters via Yahoo! News)
The Federal Reserve on Monday announced a series of steps to funnel massive amounts of liquidity through clogged credit markets, including boosting the sizes of cash auctions and offering banks interest on reserves.
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Global Central Banks Set Regular Dollar Auctions: Fed (Fox News)
Global Central Banks Set Regular Dollar Auctions: Fed
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