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Benefits Goobix News is an online voting framework where users can rank democratically popular news by casting positive or negative votes on them. To be logged into your own account when visiting Goobix News offers the following additional advantages: - your votes are associated with your account instead of your computer (and they are saved and protected by your personal account password).
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| 47601. | Feds plan to rescue Fannie Mae, Freddie Mac (permalink) | | | | 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] | | 47604. | Fannie Mae, Freddie Mac's $5 trillion mess (permalink) | | | | 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] | | 47607. | A battle far from Iraq, but just as hot (permalink) | | | | score: 2, Security, 2008-07-12 20:00:43, published by CNN | | Their weapon in Iraq was a rifle. In California, it's a tool with a line of shark-like teeth. Iraq veterans are among the first of 400 National Guard troops to be deployed on the ground in California in more than three decades as they help battle wildfires. [additional details] | | 47611. | Feds take over mortgage lender (permalink) | | | | 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] | | 47615. | Wall Street takes another pounding (permalink) | | | | 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] |
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