Mortgage and Financial News From 2009-1-19 Page 01
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The Audacity of Hype - Lewrockwell.com
Today is inauguration day. George W. Bush will officially depart as soon as Barack H. Obama is sworn in. The Audacity of Hope is the title of Obama's campaign book. As with Bill Clinton's A Man from Hope video, the accent is on the positive. To ...
2009-01-19 10:46:00 -
Citigroup splits into two as it loses $8.3bn - Financial Times
Citigroup confirmed on Friday that it would split into two businesses after reporting a fourth-quarter loss of $8.29bn, or $1.72 a share. The results were within the range of the $6bn-$10bn loss that analysts were expecting and compared with a loss ...
2009-01-16 07:33:00 -
RBS chief refuses to blame Goodwin - Financial Times
Stephen Hester, the chief executive of Royal Bank of Scotland , resisted all attempts on Monday to provoke him into blaming his predecessor for its travails. But the bank’s trading statement told its own story about Sir Fred Goodwin’s stewardship ...
2009-01-19 08:58:00 -
Cards: Skirmish Is Not An Issue - Tampa Bay Online
TEMPE, Ariz. - With their Super Bowl matchup against Pittsburgh still 12 days away, the NFC champion Cardinals are busy putting out fires. On Monday, former FSU standout WR Anquan Boldin downplayed the significance of his sideline exchange with ...
2009-01-19 11:21:00 -
Huge Decline in Mortgage Yields and Spreads Could Dispel Deflationary ... - Seekingalpha.com
This is unprecedented. Since the end of October, the yields on FNMA mortgage-backed paper have fallen over two and a half percentage points, to an all-time low of 3.42% today. Yields on the reference 10-year Treasury have fallen one a half percentage ...
2009-01-13 03:19:00 -
Will Brown’s plan to save the banks really work this time? - Herald
TO everyone from first-time house buyers seeking an affordable mortgage to business owners fretting about replenishing their working capital, our banks have turned into voracious financial black holes. They don't lend the rest of us money any more ...
2009-01-19 10:53:00 -
Anti-recession Budget expected - Straits Times
SINGAPORE'S budget to be unveiled on Thursday should contain tax cuts and a hefty financial package to help the country weather what could be its worst recession since independence, analysts said. As the open, trade-driven economy takes a sharp turn ...
2009-01-19 09:20:00 -
AIG's Investment Chief to Step Down - Wall Street Journal
The executive who oversaw American International Group Inc.'s investment operation, where there have been large losses, will step down from his post and focus on a narrower role at the company, people familiar with the matter said. An announcement is ...
2009-01-19 10:53:00 -
Stressed banks suspend dividends - Pittsburgh Tribune Review
Tack this one onto the financial fallout list -- bank dividends. Those reliable and often generous shareholder payments from publicly traded banks and savings institutions were winged by last year's economic turbulence, especially write-downs from ...
2009-01-19 10:53:00 -
The pages that save you money every single day: How to keep a roof on ... - Daily Mail
With interest rates historically low, what should you do about your mortgage? Can you extricate yourself from a high fixed rate, how can you get that fantastic tracker, and what’s the best type of mortgage to have right now? Here, with the help of ...
2009-01-19 08:44:00 -
View Book Summary - American Enterprise Institute
In Privatizing Fannie Mae, Freddie Mac, and the Federal Home Loan Banks: Why and How , AEI's Peter J. Wallison argues that tighter regulation cannot protect the taxpayers and the economy generally from the risks created by these government-sponsored ...
2009-01-19 11:07:00 -
Rock set to boost mortgage lending - The Independent
Northern Rock announced plans to halt the rapid winding down of its mortgage book yesterday, after it was given longer to pay back its £26bn loan to the Government as part of efforts to boost lending and the economy. The move will allow more ...
2009-01-19 06:49:00 -
After sure-bet investment fails, a bank contends it was duped - International Herald Tribune
Nearly two years ago, on a Tuesday in February 2007, a Wall Street salesman pitched an investment that sounded almost magical. It was called Gemstone VII. A shiny amalgam of financial instruments, it promised attractive returns — with virtually no ...
2009-01-19 10:10:00 -
The Fed Is Becoming a Conglomerate - Wall Street Journal
It has loads of subprime-mortgage bonds, souring commercial real-estate debt and collateralized debt obligations worth a fraction of their original value. This isn't Citigroup Inc. or Merrill Lynch. It is the Federal Reserve. In the past year, the ...
2009-01-19 09:20:00 -
Rock Rolls Out New Lending Plans - Ananova
Troubled mortgage lender Northern Rock has unveiled a new strategy to allow it to to lend to more homeowners in an attempt to help kick-start the economy. Under new plans, part of a wider Government rescue package to save failing banks, the ...
2009-01-19 11:36:00
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