Mortgage and Financial News From 2008-9-29 Page 01
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Lehman Had Long Relationship With Suspect Mortgage Brokers - ABC News
Lehman Brothers was identified eight years ago by ABC News and the New York Times as doing business with a company suspected of writing fraudulent mortgages and cheating consumers, but Lehman Brothers company defended its ongoing relationship as ...
2008-09-14 05:57:00 -
U.S. Bails Out Mortgage Giants - Forbes
Fannie Mae and Freddie Mac are getting new chief executives and a new lease on life in a government rescue plan outlined Sunday by the Treasury Department and other regulators. Treasury is buying preferred shares in the two firms and taking them over ...
2008-09-06 05:59:00 -
MY TAKE - Where was the watchman? - Holland Sentinel
The sub-prime mortgage debacle raises a very important question: Why would otherwise conservative bankers and investors get themselves involved in such foolish ventures? The answer lies in a very basic principle of economics — the relationship ...
2008-09-29 03:02:00 -
World Markets Fall, Skeptical Of Bailout - CBS News
(CBS/AP) Asian stock markets fell Monday amid investors' skepticism that the deal reached in Washington over a $700 billion bank bailout would quickly resolve the bad debt crisis. Adding to concerns of further global financial contagion was news ...
2008-09-29 05:18:00 -
For Many Americans, Fear and Distrust Run High - Washington Post
The leaders of the country said: Trust us. The people said: Not this time. The Emergency Economic Stabilization Act of 2008 in the end was a $700 billion piece of legislation that few people could truly love, and it offered citizens from across the ...
2008-09-29 09:14:00 -
Senate May Try to Revive Bank-Rescue Bill as Early as Tomorrow - Bloomberg
Sept. 30 (Bloomberg) -- The U.S. Senate will try to salvage a $700 billion financial-rescue package after the measure was defeated in the House of Representatives. The lawmakers won't have a lot of room to negotiate. While they need to tweak the ...
2008-09-29 09:42:00 -
Bailout bill defeat could cause painful recession (The Star)
WASHINGTON (AP) - The fallout from the vote against a bailout package for the U.S. financial system may well be lasting pain for the economy.
2008-09-29 11:09:49 -
E-mails, we get e-mails (Clarion Online)
A sampling of letters received at www.duclarion.com
2008-09-29 11:10:14 -
Post a Comment (Stuff)
OPPOSITION: A demonstrator stands outside the New York Stock Exchange during a protest, while US lawmakers met to vote on a $700 billion bailout of the financial industry.
2008-09-29 11:11:26 -
Mergers redraw banking borders (Rocky Mountain News)
The financial-industry bloodbath that has now claimed Wachovia is reshaping Colorado's banking landscape. Monday's news that Charlotte, N.C.-based Wachovia will sell its retail banking operations to Citigroup means that the New York- based giant will become Colorado's fourth-biggest bank by deposits. Wachovia has 34 offices in the state.
2008-09-29 11:12:16 -
A rocky economic road for Utah (Standard-Examiner)
SALT LAKE CITY -- A prominent Utah economist calls addressing the current Wall Street bailout proposal an absolute necessity, but suggests the road for the United States economy will still be difficult until at least 2010, even if Congress reaches an agreement soon.
2008-09-29 11:12:34 -
Absent bailout, investors bail out (Rocky Mountain News)
The House's stunning defeat of a $700 billion package urgently championed by President Bush, sent shock waves through the Wall Street trading floors on Monday.
2008-09-29 11:12:48 -
Blue chip stocks hit by £64bn wipeout (Independent)
More than £64 billion was wiped off the value of blue chip stocks in London today in another traumatic session sparked by fears of further bank failures across Europe
2008-09-29 11:13:14 -
Appleridge files for bankruptcy (Elmira Star-Gazette)
HORSEHEADS -- Appleridge Retirement Community Inc., a 112-unit senior living facility that's part of the Bethany Village campus, is filing for Chapter 11 bankruptcy protection.
2008-09-29 11:13:32 -
Rudd, Brown, Urge U.S. Congress to Pass Bailout Plan (Update1) (Bloomberg)
Sept. 30 (Bloomberg) -- Australian Prime Minister Kevin Rudd joined U.K. counterpart Gordon Brown in urging U.S. lawmakers to pass a financial rescue package and pledged to provide liquidity and take ``whatever action is necessary'' to ensure stability.
2008-09-29 11:15:29