Monday, July 14, 2008

More economic issues


THE BIG RESCUE
Feds spell out FREDDIE-FANNIE backstop plan...
White House Will Ask for Authority to Buy Stock...
Not expected to help more companies...
Government as the Big Lender...
Statement...

PAPER: 150 banks nationwide could potentially fail over next year...
SEC WARNS WALL STREET: STOP SPREADING THE FALSE RUMORS...
Feds cite Sen. Schumer in bank run panic...

Schumer defends...


Chavez says oil could reach $300...

IndyMac bank seized by regulators, marking second largest bank failure in U.S. history.: The Federal Deposit Insurance Corporation (FDIC) and the Office of Thrift Supervision (OTS) “took control of Pasadena-based IndyMac Bank on Friday in what regulators called the second-largest bank failure in U.S. history.” The bank has succumbed to “huge losses from defaulted mortgages made at the height of the housing boom”:

Is There an Oil Shortage?

By Ismael Hossein-zadeh

Why would our Energy Secretary say there's a supply and demand problem when none exists? Why would he say that speculators have little or nothing to do with the incredibly high price of oil and gasoline, when it's clear they do? President Bush—a former oilman—gives the ever-growing demand for gasoline as the primary reason prices are so high, yet that notion can be dispelled with one minute of research. Continue

Government mulls Fannie Mae, Freddie Mac takeover: report: The U.S. government may take over Fannie Mae and Freddie Mac if their funding problems worsen, the New York Times said on Friday, causing shares of the mortgage finance companies to plunge.

Fannie, Freddie May Need to Lose $77 Billion First : Fannie Mae and Freddie Mac shareholders, battered by losses of more than 80 percent this year, shouldn't bet on an imminent government bailout of the biggest U.S. mortgage finance companies.

Banks Brace For A Storm Of Litigation

SEC To Probe Manipulation In Fannie, Freddie Fall

Chinese Govt Top Foreign Holder Of Fannie & Freddie!

UK Bankers Hide Mental Breakdowns In Secret Clinics

Citi Sells Off German Unit For $7.7B

Bank Chiefs In Europe Face The Ax

Feds Seize CA IndyMac Mtge Company

US Plots Takeover Of Freddie And Fannie

Obama's Betrayal On FISA Is Unforgivable

Fannie, Freddie Plunge On Fed Bailout Talk

Fannie and Freddie Implosions Too Big to Bail Out

Free Car With New Home - Desperate Offers

UK Housing Worst In 50 Yrs - 100,000 Jobs At Risk

UK Housing Price Crash In Progress

Foreclosures Up 53% In June, Bank Seizures Triple

Home Prices Off More Than 20% Nationally

Airline Chiefs Call For End To Oil Speculators

UK Family Food Bill Rises $100 In ONE Month

Unemployment, Diving Credit - Stagflation To Deflation

Banks Are Suffering From Their Own Stupidity

Ex-Fed Official Poole - Freddie, Fannie Are 'Insolvent'

The Global Financial Crisis For Beginners

If Fannie, Freddie Nationalized, Shareholders Lose ALL

BBC World News - Gold Fever

Citigroup Scales Down Its Global Empire

Inflation Mounts - Protect Your Wealth With Gold

US Jobs Decline For 6th Straight Month

Paulson - Imminent Failure Of Big Financial Corps

Almost Everything Wrong For World Stock Markets

'The Economy? Words Fail Me'

Mattel Toy Cars Pass GM In Market Value!

The Shape Of Things To Come

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