| Personal Finance Headlines |
| Analyst warns on Wachovia amid more bank worries
(AP)
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| AP - The situation is increasingly bleak for Wachovia Corp. and the bank's mortgage portfolio will continue to lose value, "seriously jeopardizing" the company's ability to generate earnings, an influential analyst warned on Tuesday. -- read full article |
| Tue, 15 Jul 2008 13:59:39 GMT - Yahoo! News: Personal Finance News |
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| House Republicans call for hearing on GSE rescue
(Reuters)
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| Reuters - Republican leaders in the House of
Representatives on Tuesday called for hearings on the Bush
administration's proposal to shore up mortgage finance giants
Fannie Mae and Freddie Mac, a move that could slow down
congressional action on a housing rescue package. -- read full article |
| Tue, 15 Jul 2008 16:50:45 GMT - Yahoo! News: Personal Finance News |
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| Fannie, Freddie shares dive, banks stocks weaken
(Reuters)
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|  Reuters - Investors unloaded shares of Fannie
Mae and Freddie Mac on Tuesday after a credit
agency cut the mortgage finance companies' ratings amid fears
that a government rescue plan may come at the expense of
embattled shareholders.
-- read full article |
| Tue, 15 Jul 2008 17:19:33 GMT - Yahoo! News: Personal Finance News |
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| Paulson sees mortgage assistance as backup
(AP)
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| AP - Treasury Secretary Henry Paulson said Tuesday the Bush administration has no immediate plans to extend emergency loans to mortgage giants Fannie Mae and Freddie Mac or to purchase the stock of the two companies. -- read full article |
| Tue, 15 Jul 2008 17:36:49 GMT - Yahoo! News: Personal Finance News |
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| 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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