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| 11147. | Bernanke gloomy on economy (permalink) | | | score: 2, Economy, 2008-07-15 19:00:41, published by CNN | | The housing finance crisis and spiraling energy costs will remain a drag on the U.S. economy for the rest of the year, Federal Reserve Chairman Ben Bernanke told lawmakers in a gloomy presentation about the economic outlook. [additional details] | | 11150. | Gloom hangs over Wall Street (permalink) | | | score: 2, Economy, 2008-07-15 14:00:38, published by CNN | | Stock futures tumbled early today as deepening concerns about the bank sector dragged on the dollar and sent overseas markets sharply lower. CNNMoney.com reports investors may look for clues about the economy in comments this morning from Fed chief Ben Bernanke. He's due to give his semi-annual test... [additional details] | | 11152. | Stocks inch higher on rescue plan (permalink) | | | score: 2, Economy, 2008-07-14 18:00:42, published by CNN | | Stocks posted slim gains this morning as investors welcomed the government's plan to rescue Fannie Mae and Freddie Mac, but remained wary about the outlook for the economy amid the credit crisis. Stocks tumbled last week, but found a little traction late Friday on talk that the Federal Reserve would... [additional details] | | 11154. | Stocks set to rally on rescue plan (permalink) | | | 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] | | 11156. | 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] | | 11158. | Fed expected to tighten lending rules (permalink) | | | 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] | | 11159. | 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] |
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