Friday, July 11, 2008

Wall Street faces Fannie, Freddie slide - CNNMoney.com


News roundup: Feds fear Fannie, Freddie meltdown; Afghan gov't ...
USA Today - 48 minutes ago
The New York Times reports that the Bush administration is "considering a plan" to take over Fannie Mae and Freddie Mac, the giant government-chartered ...

Freddie, Fannie CDS edge tighter after NYT report
Reuters - 56 minutes ago
NEW YORK, July 11 (Reuters) - Credit insurance costs on Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE. ...

US Stock Futures Drop as Fannie, Freddie Tumble, Oil Rallies
Bloomberg - 59 minutes ago
By Adria Cimino and Michael Patterson July 11 (Bloomberg) -- US stock futures tumbled, indicating the Standard & Poor's 500 Index will extend its longest ...

Treasury Default Swaps at Four-Month High on Fannie, Freddie
Bloomberg - 59 minutes ago
By Abigail Moses July 11 (Bloomberg) -- The cost of protecting against losses on Treasuries rose to the highest in almost four months on speculation any ...

Fannie Mae, Freddie Mac Tumble, Extending Drop to 17-Year Lows
Bloomberg - 1 hour ago
By Elizabeth Stanton July 11 (Bloomberg) -- Fannie Mae and Freddie Mac, the biggest providers of financing for US home loans, each fell more than 25 percent ...

Checking Up On Fannie Mae, Freddie Mac
NPR - 1 hour ago
Morning Edition, July 11, 2008 · Government-backed mortgage agencies Fannie Mae and Freddie Mac are facing troubles. Renee Montagne talks to Bill Seidman, ...

Stocks set to fall at open
CNNMoney.com - 1 hour ago
Anxiety mounts over the fate of Fannie Mae and Freddie Mac, with both lenders' shares tumbling in premarket trade. Oil hits record. ...

Freddie and Fannie on the brink
Atlanta Journal Constitution,  USA - 1 hour ago
By Andre Jackson It takes a number of tradespeople to fix up an old house. The same holds true for fixing the housing industry. First, you need someone to ...

Government considers Fannie Mae, Freddie Mac takeover: report
Reuters - 2 hours ago
By Kevin Plumberg HONG KONG (Reuters) - The government is considering taking over mortgage finance companies Fannie Mae and Freddie Mac if their funding ...

US government hatches plan for Fannie Mae, Freddie Mac
Telegraph.co.uk, United Kingdom - 2 hours ago
By Emma Thelwell The American government is considering plans to take over the country's two federal mortgage lenders should they collapse, according to US ...

Emerging Markets-Assets recover, shekel tests 4-wk low
Reuters India, India - 2 hours ago
By Carolyn Cohn LONDON, July 11 (Reuters) - Emerging stocks rallied and debt spreads narrowed on Friday on renewed confidence after a report that the US ...

Freddie "absolutely" has enough capital: spokeswoman
Reuters - 2 hours ago
NEW YORK (Reuters) - Freddie Mac "absolutely" has enough capital, a spokeswoman for the second-largest source of US home funding said on Thursday as the ...

McCain says no need for Fannie, Freddie bailout now
Reuters - 2 hours ago
BELLEVILLE, Michigan (Reuters) - Republican presidential candidate John McCain said on Thursday a government bailout of mortgage finance giants Fannie Mae ...

European shares slide further
AFP - 2 hours ago
LONDON (AFP) — Europe's main stock markets extended losses on Friday, as Paris registered a 25-percent drop since the start of 2008 and investors worried ...

Singapore shares finish higher on bargain hunting - UPDATE
Forbes, NY - 2 hours ago
SINGAPORE (Thomson Financial) - Singapore shares finished higher on Friday as investors picked up bargains after the New York Times reported that the US ...

US Stock Futures Drop as Oil Prices Climb; IBM, Intel Decline
Bloomberg - 2 hours ago
By Adria Cimino July 11 (Bloomberg) -- US stock-index futures dropped as oil prices climbed for a third day and investors speculated that reports on ...

Futures point to lower open; GSE plan in focus
Washington Post, United States - 2 hours ago
(Reuters) - Stock futures point to a drop on Wall Street, in line with a tumble on the European equities market, where banks and other financials are under ...

Dollar steadies as risk appetite improves
Financial Times, UK - 2 hours ago
By Peter Garnham The dollar held steady on Friday after a sell-off in the previous session sparked by fresh fears over the health of the US financial system ...

And now, for Fannie and Freddie
Asia Times Online, Hong Kong - 2 hours ago
By Chan Akya Oscar Wilde once described the British aristocracy's peculiar predilection for fox hunting as the "Unspeakable in pursuit of the Inedible". ...

Dollar flat against the euro, pound
The Associated Press - 3 hours ago
FRANKFURT, Germany (AP) — The dollar was flat against the euro and the British pound on Friday as fears stirred in the US that the worst of the housing ...

Freddie and Fannie in turmoil
Financial Times, UK - 4 hours ago
Shares in Freddie Mac and Fannie Mae plunged in frantic trading on Thursday in spite of attempts by US regulators to provide reassurance that the two ...
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