Truemors
is reporting from
Member
NP Rank:
NP Rank:
As Credit Crisis Spreads, Global Approach Weighed
" WASHINGTON — The United States and Britain appear to be converging on a similar blueprint for stemming the financial chaos sweeping the world, one day before a crucial meeting of leaders begins in Washington that the White House hopes will result in a more coordinated... Fed Tries to Unclog Credit Markets With $900 Billion
" The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe. The Fed's action is aimed at spurring... Hear The Train A Comin'
I know nothing about economics or finances. However, it would seem to me that the things which have led to this current financial crisis isn't anything new. It's been going on for a while now. The housing market has... Hedge funds loans to break the banks « Peter J. Cooper’s Weblog
" It might look amusing to think of the hedge funds who had been shorting the bank stocks suddenly getting shafted. But whose money were they playing with? Yes, it came from their subscribers but who else? Well, the banks of course - and given the massively geared nature of...Burning Through Billions
"I thought it was expensive in Vancouver… So far this week the US fed has committed: AIG= $85 billion Fannie Mae and Freddie Mac=$200 billion Federal Housing Administration to refinance failing mortgage into new, reduced-principal loans with a federal guarantee, passed as...Financial Literacy – Control Your Credit – Metal Con
The Advertising Council, in partnership with the U.S. Department of Treasury, announced today the launch of a new public service advertising (PSA) campaign designed to encourage young adults between the ages of 18...Senate to Fannie, Freddie: Freeze Foreclosures!
"This week, several mortgage companies were placed under the control of government-backed enterprises Fannie Mae and Freddie Mac. And to provide the troubled borrowers with immediate relief, the Senate Banking...This just has to be a great week for gold and silver! « Peter J. Cooper’s ...
"It looks like the financial crisis will claim its first big victim this week in the shape of Lehman Brothers, unless ‘a miracle occurs’ in the words of one observer. Meanwhile, shares in Merrill Lynch plunged 50 per cent last week on fears over its viability; American... What the Fannie & Freddie bailout means for consumers
The Fannie Mae and Freddie Mac bailout gives new meaning to the phrase, "your tax dollars working for you," with the U.S. government set to foot the bill for the corporate made subprime mortgage disaster. The... Fannie Mae loses $2.3B in quarter as defaults rise
More bad news in the U.S. housing sector -- which is bad news for the U.S. (and other) economies. You have to wonder why Fannie Mae would respond by raising prices for borrowers. Won't this ultimately lead to more defaults? You'd think they would prefer to refinance existing...Foreclosure Looms in the building where the NY crane fell
The high-rise building in New York that was damaged by a crane that fell on it and killed seven people, is now facing foreclosure and loss of the entire property.In case you have forgotten the story, here is a link... Dad sues eloped daughter for $1M
Mustering pilot runs off with cattle baron's daughter in 1986, parents suing daughter and soon to be ex son-in-law. The case involved $1m and whether it was a loan or gift. " AN AUSTRALIAN cattle baron is suing... House Gives Final Nod to Housing Bill
The U.S. House of Representatives has overwhelmingly passed the long-awaited housing rescue bill (H.R. 3221) sending it now for a last Senate approval before President Bush can sign it into law.The vote, at about 5... Fannie Mae And Freddie Mac Rescue Plan
Treasure secretary Henry Paulson announced yesterday that he will ask congress to help the mortgage giants Fannie Mae and Freddie Mac to get better deals on loans from the Federal Reserve as well as a support of $15... Greed Has Run Amok In Mortgage Industry
Anthony Downs, a senior fellow at the Brookings institution wrote this piece for the National Real Estate Investor. Given the impact that the subprime crisis has had on the American and global economies, the new president should make this one of his first priorities. As Downs...
Recent Comments
Top Members Today
Top Rookies
Top Veterans
255
pointsAmitjha
new delhi, India
117
pointsanamika.mis15
Delhi, India
82
pointserin krimian
Huntington Beach, Texas, United States
