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Mortgage Bailout May Lift Market
The government takeover of Fannie Mae and Freddie Mac promises some real benefits for the Tampa Bay area, which for months has struggled under the force of the nation's housing downturn. ...more
September 9, 2008
Government Had To Take Custody Of Wayward Freddie And Fannie
Congratulations, or perhaps condolences, fellow taxpayers. On Sunday we all became mortgage bankers. ...more
September 9, 2008
Government Bailout Sparks Rally In Stocks
Wall Street surged Monday as investors placed bets that a recovery in the financial and housing sectors is likely to follow the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. ...more
September 9, 2008
CEOs Replaced At Fannie, Freddie
The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...more
September 8, 2008
Government Takes Over Mortgage Giants
The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...more
September 7, 2008
Freddie, Fannie Have Agreed To Rescue Plan
Fannie Mae and Freddie Mac agreed on Saturday afternoon to the Bush administration's plan to rescue them, people briefed on the plan said. ...more
September 7, 2008
Government Tells Fannie, Freddie It Will Take Control
Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place them in a conservatorship, officials and company executives briefed on the discussions said. ...more
September 6, 2008
Small Business The Engine Of America
As soon as there is a critical downturn in the economy, large corporations turn their lobbyists loose... ...more
September 5, 2008
'Swimming Naked': Recession's End Not In Sight
Billionaire investor Warren Buffett said Friday the economy continues to be in a recession, by his definition, and will continue to be for at least several months. ...more
August 23, 2008
Fannie, Freddie Ratings Lowered To Near Junk Status
Freddie Mac talked to investors this week about possibly buying its stock to raise much-needed capital but billionaire investor Warren Buffett said he passed on an opportunity to help the troubled mortgage giant. ...more
August 23, 2008
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