President Bush and Treasury Secretary Henry Paulson on Friday outlined a series of far-reaching steps - likely to cost hundreds of billions of dollars - aimed at stemming a widening financial crisis that is roiling the financial markets and undermining confidence in the banking system.
“We must act now to protect our nation’s economic health from [...]
We must act now
September 19th, 2008 · No Comments
Tags: Finance · Money · News · North America
Bailout of Fannie and Freddie might lower mortgage
September 9th, 2008 · No Comments
The federal government’s takeover of Fannie Mae and Freddie Mac may save the battered real estate market from a complete meltdown. But financial experts say the bailout won’t lead to a housing recovery just yet.
Instead, some on Wall Street said the housing sector is in as tough shape today as it was before Sunday’s rescue [...]
Tags: Business · Finance · Money · News · North America