AFP - The financial crisis has provided a needed culling of weak US financial institutions and mortgage giants Fannie Mae and Freddie Mac should bow out in turn, a top New York banker said Tuesday.
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Entries from October 2008
Financial crisis has culled worst US institutions
October 23rd, 2008 · Permalink
House Republicans seek new Fannie-Freddie probe
October 23rd, 2008 · Permalink
Reuters - Top Republicans in the U.S. House of Representatives on Tuesday called for the appointment of a special counsel to investigate “fraud and mismanagement” at troubled mortgage giants Fannie Mae and Freddie Mac.
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A Wild Time To Buy A Home, But Some Are Answering The Call (Investor’s Business Daily)
October 15th, 2008 · Permalink
Investor’s Business Daily - Housing could be in for more bruising despite rescue efforts, as bank balance sheets teeter, and if world financial and economic fears are realized. The risks include further falls in home prices and the prospect of more Americans facing foreclosure.
The wait isn’t helping. It will take several weeks for the government […]
Bailout’s failure bad news for housing market
October 1st, 2008 · Permalink
The recession in the U.S. housing market is expected to be deeper, longer and scarier if lawmakers continue to be deadlocked in their effort to pass a $700 billion bailout of the financial industry.
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