Metals Market Update 8/7/2012

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Click the link to view the follow up video. Blythe and the CFTC provide clues in the silver manipulation case Resource Information: http://www.silverseek.com/article/what-surprise-ft-says-cftc-drop-silver-investigation http://en.wikipedia.org/wiki/Gold_Reserve_Act http://en.wikipedia.org/wiki/Exchange_Stabilization_Fund http://en.wikipedia.org/wiki/Coinage_Act_of_1873 http://www.samueldecanio.com/papers/decanio.TheCrimeof1873.pdf http://www.reformation.org/secrets-of-the-bank-of-rome.html http://www.treasury.gov/resource-center/international/ESF/Pages/esf-index.aspx http://www.treasury.gov/resource-center/international/ESF/Documents/2011.pdf

Closer to a bailout? FHA’s mortgage delinquencies soar

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NEW YORK (CNNMoney) — The mortgage market appears to finally be stabilizing — as long as you ignore loans backed by the Federal Housing Administration.

Increasingly, FHA-insured loans are falling into foreclosure or serious delinquency, moving in the opposite direction of loans guaranteed by Fannie Mae and Freddie Mac or those held by banks, which are all showing signs of improvement.

And taxpayers could ultimately be on the hook for FHA’s growing number of troubled mortgages. The agency’s finances are already on shaky ground, and additional losses from loans going sour could prompt the need for a federal bailout, experts said.

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