Friday, July 11, 2008

MARKET SNAPSHOT: US Stocks Drop Sharply As Oil Surges, Mortgage ... - CNNMoney.com


As Dow drops below 11000, Cincinnati stocks take a beating
Bizjournals.com, NC - 58 minutes ago
Comments from Treasury Secretary Henry Paulson about troubled mortgage lenders Fannie Mae and Freddie Mac and another record high day for oil prices are ...

Fannie Mae, Freddie Mac shares in downward spiral The Business ...
Bizjournals.com, NC - 1 hour ago
Shares of mortgage giants Fannie Mae and Freddie Mac fell to their lowest levels in more than 17 years on concerns about a government bailout for the firms. ...

Crude Oil Surges to New Record
Wall Street Journal - 1 hour ago
Growing worry about Fannie Mae and Freddie Mac, coupled with a leap in oil prices to a fresh intraday record, sent stocks sharply lower on Friday. ...

US seeks to support Fannie, Freddie 'in current form'
AFP - 1 hour ago
WASHINGTON (AFP) — Treasury Secretary Henry Paulson said Friday the US government is aiming to support ailing mortgage giants Fannie Mae and Freddie Mac "in ...

Q&A: Freddie Mac and Fannie Mae
BBC News, UK - 1 hour ago
Troubled US mortgage giants Freddie Mac and Fannie Mae are at the heart of the US housing market. Their shares have plunged on fears that they might need to ...

Stocks Slide Further on Treasury Comments
TheStreet.com - 2 hours ago
The US stock market continued its deep slump after opening Friday with a biting downdraft. Continued jitters about Fannie Mae FNM and Freddie Mac FRE ...

US SWAPS-2Y spread off earlier tights after Paulson
Reuters - 2 hours ago
NEW YORK, July 11 (Reuters) - The spread on US two-year interest rate swaps widened from their earlier tights on Friday after US Treasury Secretary Henry ...

Fannie and Freddie shares under siege
MarketWatch - 2 hours ago
By MarketWatch BOSTON (MarketWatch) -- Shares of Fannie Mae and Freddie Mac dropped nearly 50% Friday, plunging for the fourth time in five days as ...

TREASURIES-Bonds pare losses after Paulson comments on GSEs
Reuters - 2 hours ago
NEW YORK, July 11 (Reuters) - US Treasury debt prices pared losses on Friday after US Treasury Secretary Henry Paulson said the Treasury Department's chief ...

Paulson sees no bailout of Fannie, Freddie on horizon
MarketWatch - 2 hours ago
By Rex Nutting , , ) . In a short statement, Paulson said the government is committed to "supporting Fannie Mae and Freddie Mac in their current form as ...

prime focus to support GSEs in current form
guardian.co.uk, UK - 2 hours ago
WASHINGTON, July 11 (Reuters) - US Treasury Secretary Henry Paulson said on Friday that the Treasury Department's chief aim at present is to back ...

US market tumbles on oil price and federal lending concern
Telegraph.co.uk, United Kingdom - 2 hours ago
By Angela Monaghan and agencies US shares tumbled when the market opened today, as oil prices touched a new high and fears mounted over the fate of federal ...

White House: Paulson to Speak This Morning
Wall Street Journal Blogs, NY - 3 hours ago
The White House said US Treasury Secretary Henry Paulson will make a statement on government-sponsored enterprises Friday morning. The White house declined ...

Loan giants promised safety net
Sydney Morning Herald, Australia - 5 hours ago
FANNIE MAE and Freddie Mac, the largest buyers of US home loans, are too big for the government to let them fail, leading Republican and Democratic senators ...

Early Briefing: Fannie and Freddie Continue Their Fall
Washington Post, United States - 8 hours ago
On Capitol Hill, the Treasury secretary offered reassurance that they are still on firm footing, and the Senate moved on approved a housing relief bill that ...

Fannie, Freddie sink on government rescue fears
The Associated Press - 10 hours ago
WASHINGTON (AP) — Fears that the government will be forced to rescue Fannie Mae and Freddie Mac could well become a self-fulfilling prophecy. ...

Freddie Mac, Fannie Mae hurting in subprime fallout
ABC Online, Australia - 11 hours ago
By business editor Peter Ryan With falling home values, and loans in default across America, Fannie Mae and Freddie Mac might not have enough capital to ...

Shares of Lehman Brothers Take a Beating
New York Times, United States - 16 hours ago
By JENNY ANDERSON Lehman Brothers, Wall Street’s favorite punching bag, took another beating on Thursday as jittery investors fretted over problems at ...

Speculation intensifies over Fannie and Freddie
Financial Times, UK - 16 hours ago
By Joanna Chung, James Politi and Saskia Scholtes A favourite parlour game in Washington and on Wall Street for years involves speculating about what the ...

A Delicate Balance
Washington Post, United States - 17 hours ago
By Steven Pearlstein You know something's up when both the secretary of the Treasury and the chairman of the Federal Reserve give speeches calling for a new ...

OFHEO says Fannie Mae, Freddie Mac remain 'adequately capitalized'
Forbes, NY - 18 hours ago
SAN FRANCISCO (Thomson Financial) - The government regulator overseeing Fannie Mae and Freddie Mac on Thursday reiterated that the mortgage-financing firms ...
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