Friday, July 11, 2008

Fannie, Freddie May Need to Lose $77 Billion Before Bailout - Bloomberg


Mexico's Peso Weakens as Global Stocks Slide Curbs Demand
Bloomberg - 1 hour ago
By Hugh Collins July 11 (Bloomberg) -- Mexico's peso weakened for the first day in seven as a slide in global stocks reduced demand for higher-yielding, ...

UPDATE 1-W.House presses Congress on Fannie-Freddie legisl'n
Reuters - 1 hour ago
WASHINGTON, July 11 (Reuters) - The "best thing" for Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.N: Quote, Profile, Research) right ...

TREASURIES-US bonds slip on issuance fears driven by GSE woes
Reuters - 1 hour ago
NEW YORK, July 11 (Reuters) - Treasury debt prices slipped on Friday on fears of increased government debt issuance after a report that the US government ...

US STOCKS-Wall St tumbles on Fannie, Freddie, oil
Reuters - 1 hour ago
By Ellis Mnyandu NEW YORK, July 11 (Reuters) - US stocks slid on Friday on concerns about the stability of home financing providers Freddie Mac (FRE. ...

FACTBOX: Fannie Mae and Freddie Mac
Reuters - 1 hour ago
NEW YORK (Reuters) - The following is a summary of government-sponsored enterprises, Fannie Mae and Freddie Mac. The debt issued by Fannie Mae and Freddie ...

US mortgage giants' shares plummet
RTE.ie, Ireland - 1 hour ago
Shares in US mortgage finance giants Fannie Mae and Freddie Mac are in freefall this afternoon on heightened concerns that they may face insolvency or a US ...

Freddie, Fannie shares sink on bailout concerns
The Associated Press - 1 hour ago
WASHINGTON (AP) — Shares of Freddie Mac plummeted Friday as Wall Street and Washington became more convinced that the government is likely to bail out the ...

US mortgage firms' shares slump
BBC News, UK - 1 hour ago
Shares in US mortgage firms Freddie Mac and Fannie Mae have fallen by more than 40% in early trading amid concerns for the future of the companies. ...

FreedomWorks: No Taxpayer Bailout for Fannie Mae, Freddie Mac
MarketWatch - 1 hour ago
WASHINGTON, Jul 11, 2008 (BUSINESS WIRE) -- Amid calls by some Wall Street investment bankers for a bailout of the GSEs Fannie Mae and Freddie Mac, ...

Fannie, Freddie shares plummet on NYSE after market open
Reuters - 1 hour ago
NEW YORK (Reuters) - Shares of Fannie Mae (FRE.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, ...

Stocks battered in early trade
CNNMoney.com - 1 hour ago
NEW YORK (CNNMoney.com) -- Stocks slumped Friday morning, dragged down by surging oil prices and worries that the government will have to take over ...

Comtex Smartrend(R) Morning Call -- July 11, 2008
FOXBusiness - 1 hour ago
Jul 11, 2008 (SmarTrend via COMTEX) ----Despite persistent fears about Fannie Mae and Freddie Mac, the DJIA climbed a net 80 points yesterday, ...

Growing concerns about future of Fannie Mae, Freddie Mac
USA Today - 2 hours ago
The New York Times says federal officials are weighing a government takeover of Fannie Mae and Freddie Mac, the financial giants that guarantee about half ...

The Stock Market Looks Into the Abyss
Wall Street Journal Blogs, NY - 2 hours ago
The vicious circle looks to continue today, as shares of Fannie Mae and Freddie Mac are expected to plunge — and take the market with it — after the New ...

UK Bonds Gain as Fannie Mae, Iran Spur `Flight to Quality'
Bloomberg - 2 hours ago
By Anchalee Worrachate July 11 (Bloomberg) -- UK government notes advanced as concern US mortgage lenders Fannie Mae and Freddie Mac don't have enough ...

FANNIE MAE AND FREDDIE MAC PLUMMET IN PREMARKET TRADING
Agenzia Giornalistica Italia, Italy - 2 hours ago
(AGI) - New York, 11 July. - Wall Street share prices will open in the red: Fannie Mae dropped 27 pct and Freddie Mac fell 35 pct due to rumours that the US ...

US could take over mortgage giants Fannie, Freddie: report
AFP - 7 hours ago
WASHINGTON (AFP) — The US government is considering a plan to take over mortgage giants Fannie Mae and Freddie Mac if their finance problems deepen, ...
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