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The Little House

… is actually not in Brooklyn. In fact, it’s located at 128 Day Avenue in Toronto, Ontario, Canada, and even has its own Web site.

There appears to be some confusion swirling around the World Wide Web.

This “Little House” has generated significant buzz on the Internet and in the media because of its unusual size — it’s essentially built in a narrow driveway (laneway). Ellen DeGeneres even made a phone call during her talk show to inquire about its availability.

The 312-square foot home was recently on the market for a little more than $170,000. Proof that big good things often come in small packages.

To check out a video tour of the home click here.

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CitigroupThere are multiple reports passing along information that Citigroup — the largest bank in the United States — could possibly sell $12 billion worth of leveraged loans and bonds at a discount (90 cents on the dollar) to “shore up” its balance sheet.

The sale would be to private equity firms such as Apollo Group, Blackstone Group and TPC, signaling “the largest single sale of leveraged loans in recent memory.”

Washington Mutual

This news comes on the heels of recent word that Washington Mutual — the largest savings and loan in the United States — just received a “capital injection” of $7 billion to help it recover from a glut of mortgages and delinquencies.

Stay tuned for more updates.

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