Mortgage and Financial News From 2008-9-22 Page 4
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White House says opposes House credit card bill (Reuters via Yahoo! News)
The White House said on Monday it opposes legislation called "the Credit Cardholders' Bill of Rights" that would curb unfair and deceptive credit card practices, saying it would constrain banks' ability to price risk.
2008-09-22 03:33:41 -
Currency: Kiwi strong against greenback (The New Zealand Herald)
The New Zealand dollar rose to fresh three-week highs against the greenback as the US currency fell broadly, weighed down by worries about the fiscal impact of the US government's US$700 billion ($1.03 trillion) bailout plan.
2008-09-22 04:01:47 -
U.S. bailout plan fails to calm North American markets (CTV British Columbia)
The Dow Jones dropped more than 370 points Monday as jittery investors awaited details of a plan by the U.S. government to bail out banks saddled with toxic assets.
2008-09-22 04:32:22 -
US STOCKS-Wall St extends losses on oil, bailout uncertainty - Guardian Unlimited
The big detail we want to know is how is the government going to buy these securities and what they will pay, how that reverse auction will work," said Giri Cherukuri, head trader at OakBrook Investments LLC, Lisle, Illinois.
2008-09-22 01:15:00 -
Q&A: Goldman's trading presence likely pared back - Reuters
NEW YORK (Reuters.com) -- John Talbott, a former investment banker for Goldman Sachs, isn't so sure transforming Goldman and Morgan Stanley into bank holding companies will preserve their independence. It won't be enough on its own, he said in a Q ...
2008-09-22 02:27:00 -
Able Aso - Wall Street Journal
Taro Aso was elected Liberal Democratic Party President yesterday and is poised to be confirmed by Parliament Wednesday as Japan's next prime minister. He faces one big policy challenge: How to pull the world's second-largest economy out of recession ...
2008-09-22 04:00:00 -
Market sinks as bailout hotly debated - Reuters
NEW YORK (Reuters) - The Bush administration's $700 billion bailout to shore up the battered U.S. financial system looks set to drag into next week as Washington lawmakers haggle over what taxpayers will get for rescuing Wall Street. Stocks and the U ...
2008-09-22 02:34:00 -
Doubts grow over US bank rescue plan - News.com.au
The plan would allow the US Treasury to sell new debt to purchase the vast amounts of mortgage securities and other "toxic'' assets that have caused a freezeup of the financial system.
2008-09-22 02:56:00 -
Fed action proves positive for ABS - Financial Times
The US plan to buy up $700bn worth of mortgage backed bonds and other “troubled assets” gave a boost to markets in structured debt in spite of great uncertainty about the plan and concerns that it could ultimately hurt pricing. In the US, the ...
2008-09-22 02:27:00 -
Daily List Of Companies Reporting Fannie/Freddie Exposure - CNN Money
The following is a list of companies who hold or had recently held equity or debt of Fannie Mae and Freddie Mac . The list, which runs in reverse order by date of disclosure, will be updated on a daily basis as companies continue to report their ...
2008-09-22 11:06:00 -
Can a New Prime Minister Revive Japan's Economy? (BusinessWeek)
2008-09-22 09:52:07 -
Tending the Boulevards of Broken Dreams (New York Times)
Shayne Becher of Fort Myers, Fla., is the sole member of the city code enforcement division?s rapid response team, which tries to maintain abandoned properties needing to be mowed and boarded up.
2008-09-22 10:24:20 -
Gold Seeker Closing Report: Gold and Silver Gain About 5% and 8% (GoldSeek.com)
Gold and silver steadily rose throughout most of world trade and ended at about their highs of the session with impressive gains of 4.89% and 8.22%. Both metals have also continued to gain in after hours access trade as the supposedly necessary bailout plan highlights the advantages of having sound investments.
2008-09-22 01:48:06 -
No takers over here if they start touting cash for trash (The Herald)
Over there they are calling it "cash for trash".
2008-09-22 02:10:13 -
Bush Seeks $700 Billion for Bad Debt Bailout (WBOC Salisbury)
WASHINGTON (CBS/AP) - The Bush administration is asking Congress to let the government buy $700 billion in bad mortgages as part of the largest financial bailout in decades.
2008-09-22 02:45:58