Q2 Earnings Outlook
Despite the latest developments of IndyMac’s meltdown and the ongoing viability issues facing Fannie May (FNM) and Freddie Mac (FRE), we shouldn’t... >>>
IndyMac Seized By FDIC
The Pasadena, Calif. - based IndyMac Bancorp Inc., (IMB) - one of the largest residential mortgage lenders in the U.S which was clobbered by write-downs on mortgage-backed... >>>
Dow Below 11000 As Worries Compound
Following yesterday’s volatile session the major averages opened significantly lower on Friday, despite a positive earnings report out of General Electric... >>>
Freddie And Fannie May Have The Discount Window Option
The Fannie Mae (FNM) and Freddie Mac (FRE) saga continues. After this morning’s news that senior Bush administration officials were considering a plan to... >>>
May Trade Balance Report
The Commerce Department reported on Friday the U.S. trade deficit in goods and services declined to $59.8 billion in May from $60.5 billion in April. Economists... >>>
Foreclosure Bill Moves One Step Closer
After the housing market rescue plan won House of Representatives approval in May by a bipartisan vote of 46 to 21, the Senate moved a step closer on Thursday by... >>>
Vodafone: India Tax Bill May Reach $4 Billion
Vodafone (VOD) - a UK mobile network operator and the largest mobile telecommunications network company in the world by turnover - according to Financial Times... >>>
Fannie and Freddie: OFHEO Director Lockhart Statement
It certainly hasn’t been easy for Fannie Mae (FNM) and Freddie Mac (FRE), particularly during this week. Hefty losses and insolvency issues continue dominating... >>>
Wall Street Gains Amid Oil Spike
Futures indicated an upward start to today’s action, causing major averages to open modestly higher on Thursday. Following a modestly higher open however,... >>>
Fed Asks Congress For More Regulatory Powers
In a testimony before the House Financial Services Committee on Thursday, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson emphasized the ongoing... >>>
