Calif cities eye plan to seize troubled mortgages
In San Bernardino County Fontana and Ontario officials form a joint agency to study eminent domain based mortgage seizures aimed at refinancing underwater loans. Mortgage Resolution Partners would help relocate borrowers to affordable refinanced terms, charging about 4500 dollars per loan, amid bank and investor skepticism.
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RealtyTrac
Obama criticizes Romney corporate tax proposals
President Obama says Romney's plan to tax foreign holdings would push jobs overseas and shift activity abroad. He cited a tax analysis showing firms would relocate profits and workers, while urging supporters in Cincinnati to consider the issue amid the campaign.
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Former Barclays executive recounts LIBOR orders in 2008
Jerry del Missier testified to the House of Commons that he ordered staff to submit false LIBOR rates during the 2008 credit crisis after a discussion with Bob Diamond and believed the Bank of England sanctioned the move. He resignations followed amid Barclays fines over false submissions.
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Pipeline Co. Fined 5000 for Oil Spill in Bull Creek
The EPA fined Houston based Enterprise Crude Pipeline 5000 for spilling about 4200 gallons of crude into Bull Creek, a tributary feeding the Colorado River. The settlement was described as expedited and targets water supplies in drought hit Texas.
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U.S. Environmental Protection Agency
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Metals index unclear reading
The provided text appears as garbled numerical data with percent symbols and no clear event, entities, or context to summarize into a news item. No identifiable people, organizations, places, dates, or outcomes are present.
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