Investor’s Business Daily - Justice: A federal grand jury in New York is probing the accounting shenanigans at Fannie Mae and Freddie Mac. It’s about time, and we hope it doesn’t end there. Read More…
Investor’s Business Daily - Election ‘08: Barack Obama wasn’t just the second-largest recipient of Fannie Mae and Freddie Mac political contributions. He was also the senator from ACORN, the activist leader for risky “affirmative action” loans. Read More…
Reuters - Barclays Capital, the investment banking arm of Barclays Plc , retained its spot as top underwriter in the $3 trillion federal agency debt markets in 2008 year-to-date from a year earlier, according to Thomson Reuters. Read More…
NewsFactor - Software giant Microsoft is not saddled with subprime mortgages, nor is it a bank threatened by a run of angry depositors. Nonetheless, the financial crisis currently roiling Wall Street is being felt in Redmond, Microsoft CEO Steve Ballmer said, and Congress needs to take action. Read More…
NEW YORK — A closely watched index released Tuesday showed home prices tumbling by the sharpest annual rate ever in July, and though the monthly rate of decline is slowing, there is no turnaround in sight. Read More…
Reuters - The U.S. housing market bust may not bottom until 2010, later than previously thought, and more home builders may fail before the housing market recovers, Moody’s Investors Service said in a new report. Read More…
The battle of the home price databases continues. The Standard & Poor’s/Case-Shiller index out this morning shows a record 16.3% price drop in July from the year-ago period. That was the largest slide since the index was created in 2000. The index tracks resale, single family home prices in twenty large cities. An older index […]
Reuters - Prices of U.S. single-family homes plunged a record 16.3 percent in July from a year earlier, extending declines that have plagued the housing market for two years, according to the Standard & Poor’s/Case-Shiller Home Price Indexes. Read More…
A closely watched index shows home prices tumbling by the sharpest annual rate ever in July, but the rate of decline is slowing. Read More…
Steve Wynn, the billionaire casino mogul had steam coming out of his ears when I spoke to him on the day the big bailout failed. And he wasn’t even a fan of it. Here’s what he said: nn “I am totally disgusted as an American by the leadership shown by both parties. We have a deficit, […]