Slots Poll
October 22, 2008
A lot of Maryland voters may already know how they will be voting on slots.
http://www.topix.com/personal-finance/2008…
Mortgage bankers see housing recovery in a 09
October 22, 2008
U.S. home sales are unlikely to recover before the second half of 2009, the Mortgage Bankers Association said in its latest economic forecast.
http://www.topix.com/personal-finance/2008…
McCain: Mortgage crisis a ‘drive-by shooting’
October 22, 2008
“Homeowners are the innocent bystanders in a drive-by shooting by Wall Street and Washington,” Republican presidential candidate John McCain said Wednesday.
http://www.topix.com/personal-finance/2008…
Wachovia clocks up $24bn loss but buyer remains buoyant
October 22, 2008
Wachovia: loss easily outstrips the $14bn that Wells Fargo is set to pay for the North Carolina bank.
http://www.topix.com/personal-finance/2008…
IndyMac’s moves starting to pay off
October 22, 2008
Maribel Carrillo is one of the new, happy-ending stories for bank regulators who hope to stem the foreclosure pandemic by modifying delinquent mortgages in bulk.
http://www.topix.com/personal-finance/2008…
“Under water” mortgages a growing threat to U.S.
October 22, 2008
Long before she filed for bankruptcy, Ann Neukomm was “under water” — she owed more on her mortgage than her house was worth — a situation more and more Americans are finding themselves in.
http://www.topix.com/personal-finance/2008…
Fed announces new plan to help money market funds
October 21, 2008
First, it was the banks. Now the Federal Reserve has come to the aid of money market funds as the government seeks to break the credit logjam that threatens the global economy. A week after the government announced it would spend $250 billion to buy stakes in U.S. banks, the Fed stepped up Tuesday to help money market funds that have been squeezed by worried investors demanding to cash out their holdings.
Meanwhile, the Treasury named two accounting firms to help manage the $700 billion bailout package.
http://www.topix.com/personal-finance/2008…
Soros slams market “fundamentalism”
October 21, 2008
Oct. 21 - Billionaire investor George Soros and other panelists at Columbia University slam U.S. government for the financial crisis.
http://www.topix.com/personal-finance/2008…
Fed to buy commercial paper from mutual funds
October 21, 2008
The Federal Reserve announced Tuesday that it will start buying commercial paper _ a crucial short-term funding mechanism many companies rely on for day-to-day operations _ from money market mutual funds.
It’s the latest effort by the central bank to break through a credit clog that has hobbled lending and threatens to plunge the country into a deep and painful recession.
The Fed is tapping its Depression-era emergency powers and creating a new facility to buy a vast array of commercial paper from the funds. Money market mutual funds have been under pressure as skittish investors demand withdrawals. Many companies rely on commercial paper to pay workers and buy supplies.
http://www.topix.com/personal-finance/2008…
Freddie, Fannie mull changes
October 21, 2008
Fannie Mae and Freddie Mac , the mortgage-finance companies seized by the US government last month, said they are rethinking their policies on investing and bond-guarantee pricing to provide aid to the housing …
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