Mortgage and Financial News From 2008-10-5 Page 9

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• Crisis Deepens As Leaders Unite (SkyNews via Yahoo! UK & Ireland News)

  Another major bank is facing collapse just hours after European leaders vowed to work together through the global financial crisis. 
  2008-10-05 06:35:00

• Even if financial crisis passes, the economy will remain fragile (International Herald Tribune)

  The focus on the financial crisis has to some extent become a distraction from the deterioration in the world economy that it now risks exacerbating.
  2008-10-05 06:37:10

• Gov’t to borrow $133.5M for infra buildup plan (The Daily Tribune)

  The government will borrow $133.5 million from the World Bank (WB) and the Japan Bank for International Cooperation (JBIC) to partly fund an infrastructure buildup which it hopes would help shield the country from the effects of the US financial turmoil.
  2008-10-05 07:09:32

• $700 billion rescue bill stirs hope for lending (Fond du Lac Reporter)

  As the nations financial meltdown begins to filter through the economy, local governments that normally rely on raising reliable revenue are finding themselves in a pinch. Keith Kolb, managing director of public finance at Robert W. Baird Co., said the market for municipal bonds was all but nonexistent in recent weeks. Municipal bonds, issued by local governments to pay for capital projects, are ...
  2008-10-05 07:21:35

• Competition the key to delivering better services (The Maitland Mercury)

  For many years politicians have been telling us that competition among the banks would deliver better deals and services for all Australians.
  2008-10-05 07:30:13

• Textron's Cessna Highlights Largest-Ever Product Line at NBAA (Centre Daily Times)

  Cessna Aircraft Company, the world's leading general aviation aircraft manufacturer and a Textron Inc. (NYSE: TXT) company, is bringing its largest-ever product line to the 61st National Business Aviation Association Meeting (NBAA) and Convention at Orange County Convention Center.
  2008-10-05 07:54:10

• The Realities of Real Estate: Each situation unique when buying or selling (The Capital)

  Ask just about any real estate agent if it's a good time to buy or sell, and regardless of current market conditions, they'll tell you it's a great time.
  2008-10-05 08:07:02

• German Govt Offers Bank Guarantee (Sky News via Yahoo! UK & Ireland Finance)

  The German government has offered a guarantee for all private savings accounts - as one of its major banks faces collapse.
  2008-10-05 08:12:00

• Money Dictionary: Tuesday, Sept. 16 - CNBC

  Stocks – Also known as equities, stocks represent a piece of ownership of a corporation that can be traded. There are different types of stocks which you can learn about here . Bonds – A type of security in which the borrower owes the issuer (a ...
  2008-10-04 12:40:00

• Limiting the risk of bank deposits (Providence Business News)

  A once little-known nationwide service offered by a few local banks to protect large depositors is starting to attract lots of attention amid the seemingly unending financial turmoil on Wall Street.
  2008-10-03 09:13:38

• Advisers: Fast-cash fix should be last resort (Newsday)

  Strapped consumers may be looking to less-than-perfect solutions in this less-than-perfect financial environment.
  2008-10-04 06:50:45

• Economy weighs on retirees (Concord Monitor)

  When it came to saving, Harriet Caton and her husband tried to do everything right. "My husband and I have always been conservative in our lifestyle. We planned ahead, invested wisely and knew that we would be okay when we retired," Caton said.
  2008-10-04 09:03:56

• Find big deals at smaller banks (The Charlotte Observer)

  With the big banks getting bigger, it may be time for savers to shop around. A string of blockbuster acquisitions have transformed the banking landscape. A huge chunk of consumer deposits are consolidated in banking behemoths not known for wooing consumers with high interest rates and low fees. As competition shrinks, there are plenty of options for rate-sensitive depositors and borrowers, ...
  2008-10-04 09:18:07

• Block: CDs, money markets top list of places to go to redeem savings (The Clarion-Ledger)

  As lawmakers debate whether to approve a $700 billion financial rescue package, regular folks have a more immediate concern: how to salvage what's left of their savings.
  2008-10-04 11:08:49

• Depositors are likely to find bigger returns at small banks (The Tennessean)

  As the big banks get bigger, it may be time for savers to shop around.
  2008-10-05 01:12:07

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