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Fannie Mae (FNM) and Freddie Mac (FRE) announced that they will suspend foreclosures of occupied homes until early 2009. That appears to be an excellent way to stop the increase in evictions and...
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Now that his company has its bailout cash from Henry Paulson, Bank of America (BAC) CEO Kenneth Lewis can say whatever he wants about the government. BAC has probably spent all the money, so the...
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There are many bad things that can go wrong at public companies. Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) have both seen their share of EVERYTHING go wrong. And the good news for the...
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The major car companies have been offering zero percent financing on most of their models for several months now. That deal even applies to seven-year loans. It may have stimulated sales. In a bad...
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Rumors that Goldman Sachs (GS) will have to raise more money have helped push its stock from $123 less than a month ago to $71 yesterday. Wall St. wants to believe that the money which the venerable...
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According to Reuters, Chrysler is running out of time and options for staying in business. Reuters reports that American Express (AXP) is seeking $3.5 billion from the government bailout fund....
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The head of Toll Brothers (TOL) said the housing market could not get worse, but it has anyway. People were not even bothering to come and see the homes his company builds. Those comments helped...
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The IMF said that the world banking system faces of meltdown if governments does not take immediate action to support that largest banks. Based on comments from Paulson, the US may be moving a bit...
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Henry Paulson watched the Brits come up with a new plan to save the banking system before he did. He is probably embarrassed by that. He and Bernanke seemed to have a big lead over everyone else in...
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Jim Cramer wants people to sell all of their stocks. Even though the market may keep falling, that might not be a practical solution for everyone. There are several things investors can do to at...
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Physicians who spend time in emergency rooms are trained to work on the patient and separate themselves from his pain. Doctors have learned that they must diagnose and solve problems efficiently...
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According to Reuters, the credit crisis has sharply increased the chances of a deep recession. Reuters reports that the fall in the stock market is pushing investors into safe investments like...
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According to Reuters, Congress is ready to vote on a $700 billion financial bailout package. Reuters reports that Belgian-Dutch group Fortis was nationalized Reuters reports that British mortgage...
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The cut-off for the last short interest data was September 15, before a number of financial stocks got protection from the SEC. Before the ban, short sellers were already moving out of some bank and...
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The FBI has started to look into the collapse of Fannie Mae (FNM), Freddie Mac (FRE), Lehman, and AIG (AIG). The agency is looking for fraud, the kind that was part of the Enron tragedy. The G-Men...
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