Mortgage and Financial News From 2008-10-5 Page 6
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Europe Struggles With Widening Financial Mess (NBC 5 Chicago)
Germany is guaranteeing all private savings accounts as it and other European countries scramble to control a financial crisis.
2008-10-05 12:31:52 -
Ready for More Bailouts? Congress Debates Corporate Welfare, Ignores Free-Market Reforms (Accuracy In Media)
The massive $700 billion-plus bailout plan to have the federal government buy up bad mortgages that was defeated in the House Monday would have been a massive transfer of wealth - from the American taxpayer to Washington bureaucrats to funnel to favored investors.
2008-10-05 12:40:19 -
Europe rushes to save failing banks (The Hindu)
STOCKHOLM: Governments across Europe scrambled to save failing banks on Sunday, working largely on their own a day after leaders of the continent’s four biggest economies called for tighter regulation and coordinated response to the ...
2008-10-05 12:45:07 -
Financial industry may face new rules next year (Bay News 9 Tampa Bay)
By CHRISTOPHER S. RUGABER WASHINGTON (AP) -- With the passage of the $700 billion rescue package, the financial industry will face greater congressional scrutiny in coming weeks and months.
2008-10-05 01:07:05 -
European banks expect to benefit from the chaos in their industry (Express India)
Late last month, with Wall Street in disarray, American bankers watched anxiously as the fate of the $700 billion bailout proposal hung in the balance.
2008-10-05 01:13:40 -
Blocked pipes (Express India)
Any good tradesman will tell you the importance of the bits of a house that you cannot see. Never mind the new kitchen: what about the rafters, the wiring and the pipes? So it is with financial markets.
2008-10-05 01:19:12 -
What should I do? Pay down debt or save for retirement? - Boston Globe
I have $2k-$3k to either put in a retirement account or use to pay down debt but I am not sure which would be best for me at this time. I am 65 and work. I intend to retire at 70, but could do so sooner. My debt includes a $68,000 mortgage @ 4.78 ...
2008-10-05 10:37:00 -
Run-up to Great Depression and today's recession havesome eerie ... - San Diego Union-Tribune
Traders Peter Edelson (right) and John Porcelli Jr. worked the NYSE floor last week. On Capitol Hill, politicians argue that last week's $700 billion bailout was necessary to stave off the threat of another depression. On Wall Street, bearish market ...
2008-10-05 07:59:00 -
Mortgage Forgiven for 90-Year-Old Who Shot Herself - FOX News
Addie Polk's plight was cited by Rep. Dennis Kucinich, D-Ohio, on Friday before the House voted to approve the $700 billion financial rescue package. Kucinich voted against the plan. Fannie Mae announced later Friday that it would dismiss its ...
2008-10-05 11:41:00 -
Television - Business (Scoop.co.nz)
Watch the rural news with Richard Loe.
2008-10-05 11:45:01 -
Regulator says Fannie, Freddie might sell bad assets (Yahoo! Asia News)
WASHINGTON (Reuters) - Fannie Mae and Freddie Mac may sell some bad assets to the Treasury Department but a decision has not yet been made, the regulator of the two mortgage finance companies said on Sunday.
2008-10-05 11:59:07 -
Television - Business (Scoop.co.nz)
Kiwisaver is now one year old and to mark the anniversary AMP has released some new research on how New Zealanders have taken to the scheme.
2008-10-05 12:00:49 -
Television - Business (Scoop.co.nz)
The world economic forum has just had its latest chinwag in Tianjin, China. It is a modest port city of around nine million or so, and it is an hour's drive from the capital Beijing.
2008-10-05 12:00:52 -
Fannie Mae won’t foreclose on Ohioan who shot self (Port Clinton News Herald)
AKRON, Ohio (AP) — Mortgage finance company Fannie Mae has said it will forgive the mortgage debt of a 90-year-old woman who shot herself in the chest as sheriff’s deputies attempted to evict her.
2008-10-05 12:05:54 -
Potential homeowners need bigger deposits (NZCity)
6 October 2008 People who have been out hunting for their dream home over the weekend may be in for a rude awakening today when they make enquiries about a mortgage.
2008-10-05 12:08:40