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    Personal Finance Headlines
    Gov't launches mortgage aid program (AP)
    AP - The government kicked off a program Wednesday that aims to prevent foreclosures by letting an estimated 400,000 troubled homeowners swap their mortgages for more affordable loans. -- read full article
    Wed, 01 Oct 2008 18:22:20 GMT - Yahoo! News: Personal Finance News
    Barclays gets most Fannie, Freddie, FHLB business (Reuters)

    Signs are displayed on the former Lehman Brothers, now Barclays Capital building in Times Square in New York, September 23, 2008. (Eric Thayer/Reuters)Reuters - Barclays Capital, the investment banking arm of Barclays Plc , retained its spot as top underwriter in the $3 trillion federal agency debt markets in 2008 year-to-date from a year earlier, according to Thomson Reuters.


    -- read full article
    Tue, 30 Sep 2008 20:55:39 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie disclose subpoenas, investigations (AP)

    In this Sept. 23, 2008 file photo, President and Chief Executive Officer of Fannie Mae Herbert Allison, Jr., left, and Freddie Mac Chief Executive Officer David Moffett talk during a break in their testimony before a House Financial Services Committee hearing on the Fannie Mae and Freddie Mac on Capitol Hill in Washington. Both Fannie Mae and Freddie Mac, the failing housing giants central to the nation's credit crisis, has received a federal grand jury subpoena from the U.S. Attorney's office for the Southern District of New York and an order from the Securities and Exchange Commission to preserve documents for an investigation. (AP Photo/Kevin Wolf, File)AP - Adding to their woes, mortgage finance giants Fannie Mae and Freddie Mac are facing a federal grand jury investigation into their accounting practices.


    -- read full article
    Tue, 30 Sep 2008 09:33:25 GMT - Yahoo! News: Personal Finance News
    Dow posts record point drop as House rejects bailout (Reuters)

    A trader watches screens as he works on the floor of the New York Stock Exchange, September 29, 2008. (Brendan McDermid/Reuters)Reuters - Stocks plunged on Monday in their biggest decline ever after U.S. lawmakers unexpectedly rejected a $700 billion financial bailout, spooking investors who fear for the future of global markets and the U.S. economy.


    -- read full article
    Mon, 29 Sep 2008 22:06:26 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie disclose subpoenas, investigations (AP)

    In this Sept. 23, 2008 file photo, President and Chief Executive Officer of Fannie Mae Herbert Allison, Jr., left, and Freddie Mac Chief Executive Officer David Moffett talk during a break in their testimony before a House Financial Services Committee hearing on the Fannie Mae and Freddie Mac on Capitol Hill in Washington. Both Fannie Mae and Freddie Mac, the failing housing giants central to the nation's credit crisis, has received a federal grand jury subpoena from the U.S. Attorney's office for the Southern District of New York and an order from the Securities and Exchange Commission to preserve documents for an investigation. (AP Photo/Kevin Wolf, File)AP - Adding to their woes, mortgage finance giants Fannie Mac and Freddie Mac are facing a federal grand jury investigation into their accounting practices.


    -- read full article
    Tue, 30 Sep 2008 05:59:25 GMT - Yahoo! News: Personal Finance News
    Wachovia bank in talks to be bought: sources (Reuters)
    Reuters - Wachovia Corp is in talks with rivals to be taken over, sources familiar with the situation said on Sunday, after the U.S. bank's shares fell 27 percent on Friday due to concerns about its portfolio of illiquid mortgage assets. -- read full article
    Mon, 29 Sep 2008 11:25:42 GMT - Yahoo! News: Personal Finance News
    UK government nationalizes Bradford & Bingley (AP)
    AP - The British government is nationalizing troubled mortgage lender Bradford & Bingley, the Treasury confirmed Monday, taking over the bank's 50 billion pound ($91 billion) mortgage and loan books as turmoil from the U.S. credit crisis spread across Europe. -- read full article
    Mon, 29 Sep 2008 12:02:37 GMT - Yahoo! News: Personal Finance News
    Stocks sink as House rejects bailout bill (Reuters)

    Traders gather at the post that sells Wachovia stock on the floor of the New York Stock Exchange, September 29, 2008. (Brendan McDermid/Reuters)Reuters - Stocks plunged on Monday as the U.S. House of Representatives rejected a $700 billion financial sector bailout plan, renewing fear about frozen world credit markets and the global economy's health.


    -- read full article
    Mon, 29 Sep 2008 18:35:47 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie get federal grand jury subpoenas (Reuters)

    The headquarters of mortgage lender Fannie Mae is shown in Washington September 8, 2008. (Jason Reed/Reuters)Reuters - Fannie Mae and Freddie Mac, the U.S. mortgage finance giants that were taken over by the government this month, said on Monday they were subpoenaed for documents as part of a federal grand jury investigation into their accounting.


    -- read full article
    Mon, 29 Sep 2008 15:40:42 GMT - Yahoo! News: Personal Finance News
    Fannie, Freddie disclose subpoenas, investigations (AP)

    In this Sept. 23, 2008 file photo, President and Chief Executive Officer of Fannie Mae Herbert Allison, Jr., left, and Freddie Mac Chief Executive Officer David Moffett talk during a break in their testimony before a House Financial Services Committee hearing on the Fannie Mae and Freddie Mac on Capitol Hill in Washington. Both Fannie Mae and Freddie Mac, the failing housing giants central to the nation's credit crisis, has received a federal grand jury subpoena from the U.S. Attorney's office for the Southern District of New York and an order from the Securities and Exchange Commission to preserve documents for an investigation. (AP Photo/Kevin Wolf, File)AP - Adding to their woes, mortgage finance giants Fannie Mac and Freddie Mac are facing a federal grand jury investigation into their accounting practices.


    -- read full article
    Mon, 29 Sep 2008 17:48:12 GMT - Yahoo! News: Personal Finance News
    Lawmakers reject bailout as markets swoon (Reuters)

    A flag hangs outside the New York Stock Exchange September 22, 2008. (Eric Thayer/Reuters)Reuters - U.S. lawmakers rejected a $700 billion bailout plan for the financial industry in a shock vote that sent global markets sliding as the world credit crisis claimed more banks.


    -- read full article
    Mon, 29 Sep 2008 18:26:28 GMT - Yahoo! News: Personal Finance News
    UK set to nationalize B&B bank, may sell savings (Reuters)

    A branch of Bradford and Bingley is seen, in London on September 28, 2008. (Luke MacGregor/Reuters)Reuters - Britain's government will nationalize troubled mortgage lender Bradford & Bingley and is discussing the sale of its savings book and branches, people in the banking industry familiar with the matter said.


    -- read full article
    Sun, 28 Sep 2008 19:16:33 GMT - Yahoo! News: Personal Finance News
    German mortgage bank near bankruptcy: report (AFP)

    People walk past the Berlin branch of the German bank Hypo Real Estate in January 2008. Hypo Real Estate, a mortgage bank, is on the brink of bankruptcy, the daily Financial Times Deutschland reported in an advance copy of its Monday edition.(AFP/File/John Macdougall)AFP - Germany's Hypo Real Estate, a mortgage bank, is on the brink of bankruptcy, the daily Financial Times Deutschland reported in an advance copy of its Monday edition.


    -- read full article
    Sun, 28 Sep 2008 20:31:39 GMT - Yahoo! News: Personal Finance News
    Santander said to take Bradford & Bingley deposits (AP)
    AP - The troubled British mortgage lender Bradford & Bingley will be nationalized and sold off in parts, with Spanish banking giant Santander SA taking over its retail deposits and branch network, British media reported Monday. -- read full article
    Mon, 29 Sep 2008 00:30:55 GMT - Yahoo! News: Personal Finance News
    Sold to US taxpayers for $700B: banks' bad assets (AP)

    Senate Republican lead negotiator Sen. Judd Gregg, R-N.H., pauses during a news conference on the financial crisis Sunday, Sept. 28, 2008 on Capitol Hill in Washington.  (AP Photo/Evan Vucci)AP - Sold to American taxpayers for up to $700 billion: an unprecedented plan to buy distressed banks' least desirable mortgage assets.


    -- read full article
    Mon, 29 Sep 2008 04:04:49 GMT - Yahoo! News: Personal Finance News
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