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    Personal Finance Headlines
    Danish central bank rescues nation's No. 10 bank (AP)
    AP - The Danish central bank said Monday it has taken over the nation's 10th largest bank, a 124-year-old institution which had been struggling amid global financial turmoil and mounting losses on mortgage loans as housing prices fell in Denmark. -- read full article
    Mon, 25 Aug 2008 13:34:54 GMT - Yahoo! News: Personal Finance News
    Freddie debt sale eases concerns of nationalization (Reuters)

    A sign hangs outside a home for sale in July 2008 in Las Vegas, Nevada. US sales of existing homes rose in July to a five-month high as buyers took advantage of falling prices in the housing crisis, industry data showed Monday.(AFP/Getty Images/File/Ethan Miller)Reuters - Ailing mortgage finance company Freddie Mac easily sold $2 billion of short-term debt on Monday, reassuring investors that it and rival Fannie Mae can fund operations without a government takeover.


    -- read full article
    Mon, 25 Aug 2008 17:17:41 GMT - Yahoo! News: Personal Finance News
    JPMorgan's Fannie, Freddie preferred stock has lost $600 million (Reuters)

    The JP Morgan and Chase headquarters is seen in New York January 30, 2008. (Shannon Stapleton/Reuters)Reuters - JPMorgan Chase & Co in a U.S. Securities and Exchange Commission filing said it holds about $1.2 billion Fannie Mae , Freddie Mac


    -- read full article
    Mon, 25 Aug 2008 17:43:12 GMT - Yahoo! News: Personal Finance News
    Gross, Fuss say any new GSE deal needs Treasury (Reuters)
    Reuters - Two of the biggest U.S. bond investors said they would get involved in a capital raising by Fannie Mae and Freddie Mac as long as the U.S. Treasury participates in the new deals. -- read full article
    Mon, 25 Aug 2008 18:42:45 GMT - Yahoo! News: Personal Finance News
    Fannie Mae, Freddie Mac shares rise (AP)

    A sign hangs outside a home for sale in July 2008 in Las Vegas, Nevada. US sales of existing homes rose in July to a five-month high as buyers took advantage of falling prices in the housing crisis, industry data showed Monday.(AFP/Getty Images/File/Ethan Miller)AP - Shares of Fannie Mae and Freddie Mac soared Monday after Freddie completed a $2 billion debt sale and a Wall Street analyst said a government bailout of the mortgage finance giants may not be inevitable.


    -- read full article
    Mon, 25 Aug 2008 18:53:18 GMT - Yahoo! News: Personal Finance News
    Wall Street bailout aid questioned at Fed event (AP)

    In this July 10, 2008, file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, before the House Financial Services Committee hearing on systemic risk and the financial markets. Federal Reserve Chairman Ben Bernanke says Friday, Aug. 22, 2008, the financial crisis that has pounded the country — coupled with higher inflation — is taking a toll on the economy and poses a major challenge to Fed policymakers as they try to restore stability. (AP Photo/Manuel Balce Ceneta, File)AP - Do Washington policymakers listen too much to Wall Street? A possible bailout of Fannie Mae and Freddie Mac, on the heels of similar action involving investment firm Bear Stearns, seems to send a loud signal to financial companies that the government will clean up their messes.


    -- read full article
    Sat, 23 Aug 2008 19:37:56 GMT - Yahoo! News: Personal Finance News
    German bank IKB sold for 150 million euros: reports (AFP)

    German bank IKB, a casualty of the subprime mortgage crisis, was sold to US private equity group Lone Star for 150 million euros, German media reported Saturday.(AFP/File/Barbara Sax)AFP - German bank IKB, a casualty of the subprime mortgage crisis, was sold to US private equity group Lone Star for 150 million euros, German media reported Saturday.


    -- read full article
    Sat, 23 Aug 2008 20:22:36 GMT - Yahoo! News: Personal Finance News
    Wall Street bailout aid questioned at Fed event (AP)

    In this July 10, 2008, file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, before the House Financial Services Committee hearing on systemic risk and the financial markets. Federal Reserve Chairman Ben Bernanke says Friday, Aug. 22, 2008, the financial crisis that has pounded the country — coupled with higher inflation — is taking a toll on the economy and poses a major challenge to Fed policymakers as they try to restore stability. (AP Photo/Manuel Balce Ceneta, File)AP - Do Washington policymakers listen too much to Wall Street? A possible bailout of Fannie Mae and Freddie Mac, on the heels of similar action involving investment firm Bear Stearns, seems to send a loud signal to financial companies that the government will clean up their messes.


    -- read full article
    Sat, 23 Aug 2008 16:35:58 GMT - Yahoo! News: Personal Finance News
    Moody's ratings cut latest blow to Fannie, Freddie (Reuters)

    The headquarters of Freddie Mac are pictured in McLean, Virginia, May 14, 2008. (Jason Reed/Reuters)Reuters - A major credit rating agency cut the preferred share rating on Fannie Mae and Freddie Mac amid mounting concern about the ability of the two largest U.S. home funding providers to access capital, in the latest blow before a widely expected government bailout.


    -- read full article
    Fri, 22 Aug 2008 20:12:52 GMT - Yahoo! News: Personal Finance News
    Freddie Mac courts investors, Buffett passes (AP)

    The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)AP - Freddie Mac talked to investors this week about possibly buying its stock to raise much-needed capital but billionaire investor Warren Buffett said he passed on an opportunity to help the troubled mortgage giant.


    -- read full article
    Fri, 22 Aug 2008 22:11:15 GMT - Yahoo! News: Personal Finance News
    Buffett sees economy weak until 2009 (Reuters)

    Billionaire financier and Berkshire Hathaway Chief Executive Warren Buffett greets shareholders during the Berkshire Hathaway Annual Shareholders meeting in Omaha, Nebraska May 3, 2008. (Carlos Barria/Reuters)Reuters - Warren Buffett said the economy is still in a recession and unlikely to improve before 2009 but that stocks appear better valued than a year ago.


    -- read full article
    Fri, 22 Aug 2008 15:10:43 GMT - Yahoo! News: Personal Finance News
    Moody's cuts Fannie, Freddie preferred stock rating (Reuters)

    The headquarters of Freddie Mac are pictured in McLean, Virginia, May 14, 2008. (Jason Reed/Reuters)Reuters - Moody's Investors Service on Friday cut its ratings on the preferred stock of Fannie Mae and Freddie Mac on concern that market turmoil has hurt their access to capital.


    -- read full article
    Fri, 22 Aug 2008 15:49:11 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie derivatives trade normally (Reuters)

    The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)Reuters - Panicked investors are dumping shares of Fannie Mae and Freddie Mac , but derivatives trading is likely to continue normally with two of the largest players in the market, a trade group official and a bank risk manager said.


    -- read full article
    Fri, 22 Aug 2008 17:19:52 GMT - Yahoo! News: Personal Finance News
    Freddie Mac courts investors, Buffett passes (AP)

    The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)AP - Freddie Mac talked to investors this week about possibly buying its stock to raise much-needed capital but billionaire investor Warren Buffett said he passed on an opportunity to help the troubled mortgage giant.


    -- read full article
    Fri, 22 Aug 2008 17:20:46 GMT - Yahoo! News: Personal Finance News
    Treasury still wants shareholders to own GSEs (Reuters)

    Tulips bloom in front of U.S. Treasury Building in Washington, April 13, 2007. (Jim Young/Reuters)Reuters - Any effort by the Treasury Department to backstop Fannie Mae and Freddie Mac would seek to maintain the companies as shareholder-owned enterprises, a source familiar with Treasury thinking said on Friday.


    -- read full article
    Fri, 22 Aug 2008 18:15:57 GMT - Yahoo! News: Personal Finance News
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