Mortgage and Financial News From 2008-9-29 Page 2
Previous Day: 2008-09-28
Return to the mortgage news archive home.
Page: 01 2 3 4 5 6 7 8 9 10 11 12 13 14
-
Stunning defeat for Wall Street bailout; stocks plunge - Rocky Mountain News
House members and staff walk down the House steps of the Capitol in Washington, Monday, Sept. 29, 2008, after the House voted down the Emergency Economic Stabilization Act of 2008. WASHINGTON — In a stunning vote that shocked the capital and ...
2008-09-29 12:46:00 -
How to choose the right bank - Salisbury Post
Steven E. Richardson, partner with Potomac Financial Private Client Group in Fairfax, Va. Deciding on a banking relationship is becoming more complex every day. Foremost, your deposits should be FDIC-insured. Use Bank Find at www.fdic.gov to discover ...
2008-09-29 12:17:00 -
Why This Bailout Can't Work - And What Will - Seekingalpha.com
The Treasury plans to borrow to fund entities that will buy up to $700B of mortgage-backed assets, which if marked to market, would bankrupt much more of the banking system. Fed Chairman Bernanke breathed life into the faltering plan by explaining to ...
2008-09-29 07:31:00 -
So how big is $700B? - Cincinnati.com
How big is the $700 billion bailout being debated in Congress? Of course, it depends on the number to which you compare it. So $700 billion is: * Enough to build 233 new Brent Spence Bridges (at a current estimated cost of $3 billion each). * The ...
2008-09-29 10:51:00 -
Dow Drops 778 Points as Congress Defeats Bailout Bill - Washington Post
The United States House of Representatives voted against the $700 billion emergency rescue package for beleaguered financial companies. The Dow Jones industrial average closed down about 778 points, at 10,365. That was nearly a 7 percent drop. The ...
2008-09-29 01:50:00 -
Dow Suffers a Historic Drop, Falling 777 Points in Single Day - Washington Post
The Dow Jones industrial average closed down about 778 points, at 10,365. That was nearly a 7 percent drop. The Nasdaq lost 200 points, about 9 percent, and the broader Standard & Poor's 500-stock index fell 106 points, a decline of nearly 9 percent ...
2008-09-29 01:57:00 -
Stanford GSB News (Stanford GSB)
STANFORD GRADUATE SCHOOL OF BUSINESS —The financial, securities and world markets were reeling late last week with the historic news of a planned $700 billion federal bailout of the U.S. financial sector via a massive purchase of troubled mortgage-related assets.
2008-09-28 12:40:01 -
A few gentle pushes to help us decide (Las Vegas Business Press)
Here's a debate I'd pay to see. Standing behind one lectern, the ultracool, ultralogical, starship Enterprise science officer Mr. Spock. Slouching behind the other, the impulsive, idiotic nuclear-power-plant worker Homer Simpson. How long until Spock's head explodes? Start counting.
2008-09-29 12:15:48 -
How to choose the right bank (The Salisbury Post)
The Washington Post How do I choose the right bank, savings and loan, or credit union for myself? Steven E. Richardson, partner with Potomac Financi ...
2008-09-29 12:50:45 -
New Web Site To Compare Schools In State (NBC San Diego)
Gov. Arnold Schwarzenegger signs a bill that would lay the foundation for a comprehensive statewide education data system.
2008-09-29 01:20:00 -
Coping With Panic and Fear in the Markets (Washington Post)
Financial Lobe columnist Michael Rosenwald was online on Monday, Sept. 29 at 11 a.m. ET with guest Dr. Richard Peterson, a psychologist and trader, to answer questions about how investors can cope with panic and fear in the markets and how they can avoid making mistakes they will regret down the road.
2008-09-29 04:44:30 -
Lender cuts mortgage rate almost one per cent - Daily Telegraph
Home owners have been offered some relief as a lender cut one of its mortgage rates by almost one per cent - an unprecedented move in the current climate. While several high street lenders have cut their rates in recent weeks - often more than once ...
2008-09-11 05:53:00 -
Mortgage Company Exec Jumps to Death - San Francisco Gate
Walter Buczynski, 59, left a note inside his car, indicating that his wife would be found at their home, that he had jumped off the bridge and that the couple's two sons were safe, prosecutors said. Prosecutor Robert Bernardi said the note also ...
2008-09-03 04:15:00 -
European banks bailed out as crisis spreads - Kansas City Star
European governments had to step in with a flurry of major bank bailouts from Iceland to Germany as fear and turmoil from the U.S. credit crisis spread through the financial system. Even as U.S. lawmakers were preparing to vote on a massive $700 ...
2008-09-29 02:19:00 -
How did we get here? - News.com.au
The turmoil we're seeing on the share market is largely thanks to a free and easy approach to lending by US banks in recent years. US banks and other lenders made loans to people who would tradtionally not have met credit criteria. When the ...
2008-09-29 07:19:00