Written by Following the Recovery Act and health-care reform, the newly approved financial reform bill shows that President Obama is adept at getting his agenda through Congress. But the American public cares about one thing right now: the economy. READ MORE »
Posts tagged financial system
Seven more US banks collapse on day of Europe’s stress tests
Georgia’s Crescent Bank and Trust largest of seven to fail
Number of US failures now expected to exceed last year’s total READ MORE »
Fannie Mae portfolio grows, delinquencies decline
Fannie Mae portfolio grows, delinquencies decline
Fannie Mae (FNMA.OB) expanded it mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May, the largest U.S. home loan purchaser said on Friday. READ MORE »
Treasuries Rise, 10-Year Yield Drops to 19-Month Low on Signs of Slowdown
Treasuries gained, pushing the yield on the 10-year note to the lowest level in 19 months, as new home sales unexpectedly dropped in July to a record low and orders for durable goods rose less than economists forecast. READ MORE »
Gold Advances Most in Two Weeks on Haven Demand Amid Global Equity Slump
Gold futures rose the most in two weeks as slumping global equity markets boosted the appeal of bullion for investors seeking a haven. READ MORE »