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11181. Stocks set to rally on rescue plan (permalink)
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score: 2, Economy, 2008-07-14 17:00:38, published by CNN
Stock futures climbed this morning, lifted by a government plan to bolster ailing mortgage giants Fannie Mae and Freddie Mac. Stocks tumbled last week on fears the U.S. government-sponsored mortgage firms would collapse, but investors appeared soothed by a rescue plan to shore up the firms. [additional details]
11182. Mortgage makers (permalink)
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score: 2, Economy, 2008-07-14 17:00:22, published by BBC
The importance of being Freddie and Fannie [additional details]
11183. Feds plan to rescue Fannie Mae, Freddie Mac (permalink)
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score: 2, Economy, 2008-07-14 02:00:40, published by CNN
The Treasury Department and Federal Reserve on Sunday outlined a comprehensive government plan to prop up Fannie Mae and Freddie Mac, the two mortgage finance giants that play a crucial role in the U.S. economy. The two companies own or back $5 trillion in home mortgages. [additional details]
11184. US moves to support lending firms (permalink)
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score: 2, Economy, 2008-07-14 02:00:05, published by BBC
The US government announces sweeping measures to shore up troubled mortgage lenders Freddie Mac and Fannie Mae. [additional details]
11185. Fed expected to tighten lending rules (permalink)
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score: 2, Economy, 2008-07-13 20:00:40, published by CNN
The Federal Reserve is expected to overhaul lending rules on Monday in an effort to prevent another mortgage crisis. With the changes, the Fed is attempting to answer critics who charge the agency could have flexed its muscles several years ago, clamping down on unscrupulous lenders during the real ... [additional details]
11186. Fannie Mae, Freddie Mac's $5 trillion mess (permalink)
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score: 2, Economy, 2008-07-13 10:00:37, published by CNN
Fannie Mae and Freddie Mac own or guarantee $5 trillion worth of mortgages, nearly half of all the country's outstanding home loan debt. Now, both companies are teetering on financial ruin. How could the companies end up in such awful straits? Given the way they were created and run, a better questi... [additional details]
11187. Argentines 'forging Italian passports' (permalink)
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score: 2, Economy, 2008-07-13 07:00:12, published by BBC
The authorities in Argentina say they have uncovered a multi-million dollar operation in forged Italian passports. [additional details]
11188. Olmert says accusations are distorted, despicable (permalink)
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score: 2, Economy, 2008-07-13 00:01:09, published by USA Today
Prime Minister Ehud Olmert says accusations that he stole thousands of dollars from charities are "distorted" and "despicable." [additional details]
11189. Feds seize mortgage lender (permalink)
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score: 2, Economy, 2008-07-12 19:00:43, published by CNN
In what could turn out to be the most expensive bank failure ever, troubled mortgage lender IndyMac Bancorp Inc. was taken over by federal regulators on Friday. [additional details]
11190. Feds take over mortgage lender (permalink)
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score: 2, Economy, 2008-07-12 10:00:38, published by CNN
California-based IndyMac was closed down on Friday, the Federal Deposit Insurance Corporation announced. The bank's operations will be transferred to the FDIC. As of Friday, IndyMac had about $1 billion of potentially uninsured deposits held by about 10,000 depositors. It is the second-largest bank ... [additional details]
11191. Key US mortgage lender goes bust (permalink)
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score: 2, Economy, 2008-07-12 07:00:06, published by BBC
One of the largest mortgage lenders in the US, the California-based IndyMac Bank, collapses amid a growing credit crisis. [additional details]
11192. Wall Street takes another pounding (permalink)
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score: 2, Economy, 2008-07-12 00:00:59, published by CNN
Stocks slipped Friday, but managed to close off their lows, as fears that mortgage backers Fannie Mae and Freddie Mac would collapse eased after reports of comments from the Federal Reserve chief and other officials. [additional details]
11193. House Democrats set to spend $35 million on TV ads (permalink)
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score: 2, Economy, 2008-07-11 20:00:50, published by USA Today
House Democrats have reserved millions of dollars worth of television advertising in 31 congressional races in all corners of ... [additional details]
11194. Mortgage mess slams Wall Street (permalink)
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score: 2, Economy, 2008-07-11 19:00:42, published by CNN
Stocks tumbled near midday Friday amid surging oil prices and growing fears that the government will have to take over beleaguered mortgage finance companies Fannie Mae and Freddie Mac. [additional details]
11195. Zakaria: Perfect storm hitting economy (permalink)
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score: 2, Economy, 2008-07-11 18:00:41, published by CNN
Between the mortgage crisis, record high oil prices and a lackluster stockmarket, Americans are not exactly confident about the economy. CNN spoke with world affairs analyst and author Fareed Zakaria about his view of the situation. [additional details]
11196. Two mortgage giants sinking fast (permalink)
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score: 2, Economy, 2008-07-11 18:00:40, published by CNN
The anxiety over Fannie Mae and Freddie Mac, which support $5 trillion in home loans, reached fever pitch on Friday as shares of the mortgage finance giants plunged in early trading. [additional details]
11197. US mortgage firms' shares slump (permalink)
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score: 2, Economy, 2008-07-11 17:00:09, published by BBC
Shares in US mortgage firms Freddie Mac and Fannie Mae open 44% lower amid concerns for their future. [additional details]
11198. Foreclosure rescue to pass Senate (permalink)
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score: 2, Economy, 2008-07-11 14:00:58, published by USA Today
Struggling homeowners who can't afford their mortgages and banks facing big losses would get government help under a foreclosure ... [additional details]
11199. A void in Vatican coffers as weak US dollar hits papal profits (permalink)
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score: 2, Economy, 2008-07-11 14:00:17, published by BBC
The Vatican made a loss last year as the weakening dollar reduced the value of donations from the US. [additional details]
11200. McCain adviser explains 'nation of whiners' (permalink)
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score: 2, Economy, 2008-07-11 05:00:39, published by CNN
A top adviser to Sen. John McCain on Thursday stood by his comment that the country is in a "mental recession" and explained to CNN that he was trying to say that the nation's leaders, not its people, were "whiners." Phil Gramm also said the media was responsible feeding fears about the economy. "Th... [additional details]
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