Saturday, July 12, 2008

Fannie Sinks, Freddie Recovers in Biggest Trading Day on Record - Bloomberg


Bernanke tells Freddie discount window open: sources
Reuters.fr, France - 8 hours ago
By Patrick Rucker WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke told Freddie Mac (FRE.N: Quote, Profile , Research) chief Richard Syron that ...

* Freddie, Fannie say they are adequately capitalized
guardian.co.uk, UK - 9 hours ago
By Mark Felsenthal and Alister Bull WASHINGTON, July 11 (Reuters) - Fannie Mae and Freddie Mac said on Friday that their finances were sufficiently sound to ...

Bernanke tells Freddie discount window open: sources
Reuters - 9 hours ago
By Patrick Rucker WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke told Freddie Mac chief Richard Syron that his company and Fannie Mae could ...

Fannie, Freddie Deny Liquidity Problems
FOXBusiness - 10 hours ago
Aiming to fight off market fears of insolvency, Fannie Mae and Freddie Mac issued statements late Friday insisting they have adequate capital. ...

Need to know: Sellafield £6.75bn clean up ... HSBC at top ... GE ...
Times Online, UK - 11 hours ago
US President George W. Bush was forced to wade into the turmoil surrounding Freddie Mac and Fannie Mae, the lenders that underpin America’s entire debt ...

Fannie, Freddie Say Capital Cushion Is Substantial (Update1)
Bloomberg - 12 hours ago
By Dawn Kopecki July 11 (Bloomberg) -- Fannie Mae and Freddie Mac, the largest US mortgage-finance companies, defended their finances and said they have ...

Commentary: If the market thinks it will happen, it likely will
Reuters - 13 hours ago
(Tomi Kilgore is managing editor, TFN - North America, a Thomson Reuters market news service. The opinions expressed here are his own. ...

Freddie, Fannie say they exceed capital requirements
MarketWatch - 13 hours ago
By Wallace Witkowski , , ) said Friday they are both over their capital surplus requirements as mandated by the Office of Federal Housing Enterprise ...

Stocks gyrate on fears over US mortgage giants; oil spikes to $147
USA Today - 13 hours ago
Wall Street's summer thrill ride — the Fannie & Freddie Free-Fall Big Dipper — finally came to screeching halt in the red for the day and the week. ...

Fed Says No Talks With Fannie, Freddie About Loans (Update1)
Bloomberg - 13 hours ago
By Scott Lanman July 11 (Bloomberg) -- The Federal Reserve has not had any discussions with Fannie Mae and Freddie Mac about access to direct loans from the ...

Cash Needed: Where Will Fannie, Freddie Find Capital?
Forbes, NY - 13 hours ago
Last year, and earlier this year, sovereign wealth funds were flocking to make investments in banks needing capital. But now, many have lost a bundle on ...

FOREX-Dollar falls as credit woes cut Fed rate hike chances
Reuters - 14 hours ago
By Lucia Mutikani NEW YORK, July 11 (Reuters) - The dollar fell broadly on Friday as persistent worries about the stability of two US mortgage finance ...

Fed says discount window not discussed with GSEs
Reuters UK, UK - 14 hours ago
WASHINGTON (Reuters) - The Federal Reserve said on Friday that it had not discussed access to its emergency discount window with government-sponsored ...

Fed: No Talks on Discount-Window Access for GSEs
Wall Street Journal Blogs, NY - 14 hours ago
Federal Reserve officials haven’t discussed discount-window access with government-sponsored enterprises Fannie Mae and Freddie Mac, a Fed spokeswoman said ...

Fannie Mae, Freddie Mac May Gain Access to Fed Cash, Dodd Says
Bloomberg - 14 hours ago
By Steve Geimann July 11 (Bloomberg) -- Fannie Mae and Freddie Mac may have several options for capital and liquidity, including gaining access to the ...

As bank lending contracts, economy faces test
MarketWatch - 15 hours ago
By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) - The crisis of confidence in mortgage lenders Fannie Mae and Freddie Mac comes at a very inopportune ...

US RATE FUTURES-Pricing bigger chance for Fed hikes
Reuters - 15 hours ago
CHICAGO, July 11 (Reuters) - US short-term interest rate futures turned lower on Friday, pushing up the implied chance for Federal Reserve rate hikes late ...

REFILE-US STOCKS-Market trims losses on GSE discount window
Reuters - 15 hours ago
NEW YORK, July 11 (Reuters) - US stocks trimmed Friday's earlier losses after a source familiar with a conversation between Fed Chairman Ben Bernanke and ...

Fed can lend to just about anyone
MarketWatch - 15 hours ago
By MarketWatch WASHINGTON (MarketWatch) -- Shares of Fannie Mae and Freddie Mac bounced higher Friday afternoon on a report that the companies had been ...

Freddie shares reverse course, briefly positive
MarketWatch - 15 hours ago
By John Spence , , ) shares staged a dramatic recovery and were up for the session briefly in afternoon trade. The stock was up more than 1% at last check, ...

Fannie, Freddie, Meet the Bernanke Put
Wall Street Journal Blogs, NY - 16 hours ago
This changes things. Shares of Freddie Mac are now in positive territory, after Reuters reported that Federal Reserve Chairman Ben Bernanke told Freddie ...
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