LONDON, Sep. 8, 2008 (Reuters) — Treasury Secretary Henry Paulson said in an interview with U.S. radio broadast on Monday that a plan to take control of Freddie Mac and Fannie Mae had been structured in a way to protect U.S. taxpayers. ... > full story
TOKYO/BASEL, Sep. 8, 2008 (Reuters) — China and Japan, the biggest buyers of Freddie Mac and Fannie Mae bonds, praised Washington for its rescue of the ailing mortgage giants, but investors had no illusions the bailout would end the global credit market misery. ... > full story
, Sep. 8, 2008 (REUTERS) — Stock index futures pointed to a jump on Wall Street on Monday after the government seized control of major mortgage firms Fannie Mae and Freddie Mac . ... > full story
PERTH, Sep. 7, 2008 (Reuters) — Oil jumped than $2 to near $109 a barrel on Monday, rebounding from a five-month low on worries that Hurricane Ike would tear through the Gulf of Mexico, and on hopes that a U.S. bailout of its top mortgage lenders would help temper an economic downturn. ... > full story
NEW YORK, Sep. 7, 2008 (Reuters) — Bears have reigned supreme on Wall Street so far in September thanks to growing concern about economies worldwide, but their grip on stocks faces a big challenge after the U.S. government's weekend seizure of control of mortgage finance giants Fannie Mae and Freddie Mac. ... > full story
NEW YORK, Sep. 7, 2008 (Reuters) — For weeks the U.S. economy appeared to be approaching the light at the end of a tunnel, but now it seems the light may be an oncoming train. ... > full story
LONDON, Sep. 7, 2008 (Reuters) — Investors are likely to be wrestling this week with two new factors that have arisen to complicate an already tricky environment -- a sharp about-face in currency trading and signs of trouble in emerging markets. ... > full story
WASHINGTON/NEW YORK, Sep. 6, 2008 (Reuters) — The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation's history. ... > full story
WASHINGTON, Sep. 5, 2008 (Reuters) — An unexpectedly steep 84,000 U.S. jobs were lost in August and the national unemployment rate hit a five-year high of 6.1 percent, fanning worry ahead of November's presidential vote about rising recession risks. ... > full story
WASHINGTON/NEW YORK, Sep. 5, 2008 (Reuters) — The U.S. Treasury Department is close to finalizing a plan to buttress mortgage finance companies Fannie Mae and Freddie Mac , The Wall Street Journal reported on Friday. ... > full story
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Markets monitored as US mortgage lenders bailed out Sep. 8, 2008 (Gorey Guardian) — All eyes are on the international money markets after the US government bailed out two massive mortgage lenders.. . Authorities are taking control ...
Huge Development In Home Foreclosure Crisis Sep. 5, 2008 (WUSA9.com) — A new chapter may be added to the home foreclosure crisis.. . The federal government is reportedly making plans to take over mortgage giants Fannie ...
Unemployment Climbs To 5-Year High, 6.1% Sep. 5, 2008 (Forbes) — The nation's unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years - and it's ...
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