reportonbusiness.com: notSet

Posted AT 9:21 PM EST on 18/07/08

The house that IndyMac built

DAVID EBNER and TARA PERKINS AND SINCLAIR STEWART

Globe and Mail Update

LOS ANGELES, TORONTO and NEW YORK — Patricia Ramirez's home, which sits on a ragged dead-end street at the edge of East Los Angeles in the shadow of an elevated freeway, cost $445,000 (U.S.) when she and her husband bought it in February, 2007. Mrs. Ramirez, an office manager at a tortilla maker, and Mr. Ramirez, a truck driver, together make $48,000 a year.

The full text of this article has 3108 words.

To continue reading this article, you will need to purchase this article.

Already have a member account? Login now

Pay-Per-View Offers To read the complete article, select one of the following options

Purchasing from globeandmail.com is quick and secure.

TSX
DJIA
S&P
Nasdaq

Market	Change	Value
Data delayed 15 minutes
S&P/TSX	-30.85	8,296.96
DJIA	+172.60	8,591.69
S&P 500	+21.93	870.74
Nasdaq	+42.58	1,492.38

Stock Profile	Sponsored by:
Profile Quote Lookup

Pressures mount on loonie

Plus: The close: A streak!

Video: Mining stocks under pressure

Technology


Finding the perfect gadget: Need a present for mom, dad, son, daughter, friend, colleague?

Most Popular

Rank	Headline
1.	Canadians get higher severance pay: study 5:02 PM 13
2.	Recession threat weighs on housing markets 2:27 PM 134
3.	UAW willing to change contracts 3:56 PM 106
4.	Vale Inco set to cut Sudbury output 9:17 PM 1
5.	U.S. economic gloom deepening: Fed 2:17 PM 15
6.	Jarislowsky blames extreme greed for economic crisis 2:04 PM 23
7.	Nexen looks to ward off bids 9:21 PM
8.	Enbridge shines amid the carnage 9:32 PM
9.	RIM bids $66-million for Certicom 11:12 AM 14
10.	Enbridge raises outlook, boosts dividend 1:19 PM 11

Rank	Headline
1.	Dion's amateur hour 7:50 PM 230
2.	Coalition a threat, PM says 8:07 PM 1159
3.	Coalition is legitimate, former governor-general says 7:40 PM 135
4.	Text of the Opposition Leader's televised address 7:19 PM
5.	Bloc part of secret coalition plot in 2000 with Canadian Alliance 2:07 PM 621
6.	Live Blog: Follow Harper's speech 5:30 PM 187
7.	Raptors fire Mitchell 9:59 PM 45
8.	Avery apologizes 8:06 PM 13
9.	Rideau Hall's choice 1:23 PM
10.	Text of the Prime Minister's televised address 7:11 PM

Rank	Headline
1.	Dion's amateur hour 7:50 PM 225
2.	Bloc part of secret coalition plot in 2000 with Canadian Alliance 2:07 PM 619
3.	Vulvodynia: Dismissed and undiagnosed 02/12/08 9:45 AM 13
4.	Text of the Opposition Leader's televised address 7:19 PM
5.	Coalition is legitimate, former governor-general says 7:40 PM 133
6.	Cellphones best for talking, not popping popcorn 4:30 PM 4
7.	Rideau Hall's choice 1:23 PM
8.	Coalition a threat, PM says 8:07 PM 1159
9.	Canadians get higher severance pay: study 5:02 PM 13
10.	Vale Inco set to cut Sudbury output 9:17 PM 1

Rank	Headline
622	Bloc part of secret coalition plot in 2000 with Canadian Alliance 622
445	We will have influence in coalition, Greens say 445
404	Harper's attack on Bloc risks alienating Quebec 404
300	Globe editorial board editor on why Harper should resign 300

More popular news items

Adhocracy


Diesel Makes a Meat Puppet: Plus: Christmas gifts + men = doghouse

CSR: Executive action


Sowing the seeds of corporate compassion: Unique program gives CEOs a first-hand look at the work of social agencies, with the hope that corporate commitment will follow 2

The Law page


Did BCE wimp out?: Jon Huntsman can teach a thing or two about takeover contracts

ROB Magazine


Ted Rogers's last interview: The cable baron talked to Jennifer Wells about "moving toward stopping"

The Breakthrough


Zenn and the art of electric car maintenance: The breakdown of his beloved 1959 French electric car led to Toronto auto maker's 'aha! moment' and a $5-million investment in a small U.S. battery company