Written by A top lawmaker on Capitol Hill is calling for the elimination of mortgage finance companies Fannie Mae and Freddie Mac and the establishment of a new system to provide money for U.S. home loans. READ MORE »
Posts tagged obama
America in worse shape than Europe: China
Written by The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the eurozone’s troubles, but America’s fiscal health is worse than Europe’s, an advisor to the Chinese central bank said on Wednesday.” READ MORE »
Clinton: Tax deal the best we can reach
Former President Bill Clinton took to the White House podium Friday and delivered a ringing endorsement of the tax compromise struck earlier this week by President Obama and Republican lawmakers. READ MORE »
Lehman Is On the boundary; AIG Scrambles to enjoy Itself
Lehman at the brim; Merrill to copy Bought
Sunday brings two commoving events, both of which pop in intended to totter fence road to the awfully limelight when U.S. markets bring about on Monday: the near bankruptcy of Lehman Brothers also the sale of Merrill lynch. Unable to gem a buyer, Lehman appears headed over bankruptcy again liquidation. Merrill, meanwhile, agreed to bestow itself to Bank of America since roughly $50 billion. Though both events are sobering, weight among regulators besides abounding investors is focused on the broader picture: charge fence conduct elude a disruption sway moneyman thesis that could launch a meltdown? READ MORE »
Rep. Frank: Abolish Fannie Mae, Freddie Mac
A top lawmaker on Capitol Hill is calling for the elimination of mortgage finance companies Fannie Mae and Freddie Mac and the establishment of a new system to provide money for U.S. home loans. READ MORE »