| Personal Finance Headlines |
| ALL BUSINESS:Taxpayers on hook for mortgage rescue
(AP)
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| AP - We knew it could happen, even though they said it wouldn't. The government is using our money again to haul private companies' hindquarters out of the fire this time it's troubled mortgage giants Fannie Mae and Freddie Mac. -- read full article |
| Tue, 15 Jul 2008 18:39:16 GMT - Yahoo! News: Personal Finance News |
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| SEC moves on short sellers
(Reuters)
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| Reuters - The Securities and Exchange
Commission will issue an emergency rule later on Tuesday to
stop "naked" short selling in major financial firms, including
Fannie Mae and Freddie Mac , the SEC said. -- read full article |
| Tue, 15 Jul 2008 18:41:18 GMT - Yahoo! News: Personal Finance News |
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| U.S. bank shares plummet amid stability fears
(Reuters)
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| Reuters - The shares of major U.S. banks plunged
on Monday amid fears about the sector's stability following
Friday's seizure by regulators of IndyMac Bancorp Inc
as withdrawals by panicked depositors led to the third- largest
U.S. banking failure.
-- read full article |
| Mon, 14 Jul 2008 23:08:41 GMT - Yahoo! News: Personal Finance News |
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| The Short View: Too big to fail
(FT.com)
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| FT.com - For the market, the Sunday announcement of government aid for the mortgage agencies Fannie Mae (NYSE:FNM) and Freddie Mac was nothing more than the confirmation of the obvious. Everyone knew they were too big to fail, and that their debt carried an implicit guarantee from the government. -- read full article |
| Mon, 14 Jul 2008 21:30:18 GMT - Yahoo! News: Personal Finance News |
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| Freddie Mac auction draws plenty of bidders
(AP)
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| AP - Freddie Mac attracted more bidders Monday for a highly anticipated auction of $3 billion in short-term securities than it had nearly all year, a day after the federal government provided support for the mortgage giant. -- read full article |
| Mon, 14 Jul 2008 21:31:50 GMT - Yahoo! News: Personal Finance News |
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| Stocks decline as worries about financials persist
(AP)
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| AP - Wall Street extended its slump into yet another week Monday as investors worried that even a safety net set up for mortgage financiers Fannie Mae and Freddie Mac won't head off further troubles in the financial markets.
-- read full article |
| Mon, 14 Jul 2008 21:48:34 GMT - Yahoo! News: Personal Finance News |
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| Pledge fails to lift cloud over Fannie, Freddie
(Reuters)
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| Reuters - Buyers showed no hesitation in bidding
on Freddie Mac's $3 billion debt sale on Monday, just hours
after the U.S. government pledged support for the nation's top
mortgage finance agencies, but the steps failed to stem growing
alarm on Wall Street.
-- read full article |
| Mon, 14 Jul 2008 23:03:45 GMT - Yahoo! News: Personal Finance News |
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