Mortgage and Financial News From 2008-9-29 Page 6
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Why Social Networking Strategies Fail: A Cautionary Tale - TechNewsWorld
Social networking can be a relatively low-cost way to keep in touch with your customers, but it also can result in a customer-service nightmare if not handled properly. Columnist Louis Columbus shares the story of one company's missteps in social ...
2008-09-29 01:07:00 -
FDIC Announces Citigroup to Buy Wachovia - Washington Post
Citigroup has agreed to buy Wachovia bank in a deal backstopped by taxpayers and brokered by the Federal Deposit Insurance Corp. to avoid another major corporate failure in the midst of the ongoing financial crisis. Citigroup will pay the Charlotte ...
2008-09-29 12:17:00 -
How bad is our economy? - Los Angeles Times
Today's question: How bad is the current fiscal crisis, and why can't we just let the markets correct themselves? All week, Robert Kuttner and J.D. Foster debate election-year economics and Washington's response to the financial crisis. Come back ...
2008-09-29 01:07:00 -
Bloodbath after bailout blocked (News Interactive)
THE mega-bailout of US banks crashes, Wall St is hit harder than after 9/11 and a rates cut here is less likely.
2008-09-29 02:00:00 -
Bloodbath after bailout blocked (News Interactive)
THE mega-bailout of US banks is voted down, sending panic through Wall St and making a rates cut here less likely.
2008-09-29 02:00:00 -
Bailout defeated; Dow Jones falls 777.68 points (CTV Winnipeg)
Members of the U.S. House of Representatives have rejected a massive US$700-billion bailout for the struggling financial sector, sending the Dow Jones plummeting to its biggest point-drop in history.
2008-09-29 02:04:03 -
Bloodbath after bailout blocked (Daily Telegraph)
THE $840bn bailout of US banks has been rejected, wiping tens of billions of dollars off Wall Street and threatening to do the same when our market opens.
2008-09-29 02:26:00 -
Central banks rush to boost liquidity (FT.com via Yahoo! News)
Lending between investors and financial institutions remained at a standstill on Monday, as the end of the third quarter and further global banking problems was compounded by US lawmakers failing to pass the Treasury's $700bn plan to purge the system of toxic assets.
2008-09-29 02:40:21 -
Housing: Taking A Bubble Bath To Reality (Scoop.co.nz)
The major reason for initiating the Annual Demographia International Housing Affordability Surveys back in late 2004 with Wendell Cox of Demographia, St Louis, USA - was to illustrate to Australian’s and New Zealanders in particular at the time - just how distorted their urban housing markets were in comparison with responsibly governed urban markets throughout much of middle North America ...
2008-09-29 02:46:12 -
Financial Crisis Shock Waves Reach Municipalities (WSFA 12 Montgomery)
Jefferson County, Ala., may be headed for the largest municipal bankruptcy ever. With the economy shrinking, it may not be alone.
2008-09-29 02:49:39 -
Stocks plunge as House votes down bailout plan; Dow drops 778 (USA Today)
The stock market plunged Monday, as the House of Representatives voted down the $700 billion financial bailout package, sending the Dow Jones industrial down almost 780 points for their largest point drop ever.
2008-09-29 02:56:58 -
NAR Statement on Defeat of Economic Stability Act (PR Newswire via Yahoo! Finance)
The following is a statement by National Association of Realtors® President Richard F. Gaylord:
2008-09-29 03:03:00 -
Pimco's Gross says bailout plan will help Main Street - Reuters
NEW YORK, Sept 28 (Reuters) - The revised plan to shore up the financial system agreed to by U.S. congressional leaders and the Bush administration will get credit markets moving again and help average Americans, not just Wall Street's elite, the ...
2008-09-28 12:40:00 -
USD: What does TARP mean for FX? - FXStreet.com
In this note we consider the details of recent US initiatives to deal with the financial crisis as well as implications for financial markets, including currencies. It now seems highly likely that the USD 700bn TARP (Troubled Asset Relief Program ...
2008-09-29 09:32:00 -
Wall Street and the climate crisis - Boston Globe
THE FISCAL CRISIS on Wall Street is a painful lesson in how entire industries can delude themselves into ignoring the most fundamental issues - in this case, the hidden risks from subprime mortgages. It also reveals the vast pitfalls of an economic ...
2008-09-29 11:48:00