Mortgage and Financial News From 2008-9-30 Page 6

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  • Carmakers wince as bailout fails - Detroit News

    WASHINGTON -- Automakers and legislators warned Monday that the auto financing market was in danger of collapsing after a $700 billion Wall Street bailout package failed to pass the U.S. House. The bill, which included language broad enough to allow ...
    2008-09-30 04:48:00

  • Swan defends move into mortgage market - News.com.au

    RAISING funds for home lending through mortgage-backed securities is not a broken business model, Federal Treasurer Wayne Swan says. Mr Swan announced last Friday the use of $4 billion of taxpayers' money to invest in new residential mortgage-backed ...
    2008-09-30 06:35:00

  • Dexia second Belgian bank to get bailout - Gulf News

    Brussels: Dexia became the second Belgian bank this week to get a government and shareholder bailout on Tuesday when Belgium, France and Luxembourg said they would inject almost 6.4 billion euros ($9.2 billion) to keep it afloat. Dexia's CEO Axel ...
    2008-09-30 04:33:00

  • CNN - Obama, McCain, Biden All To Vote On Bailout (WSB-TV 2 Atlanta)

    The $700 Billion Economic Rescue Plan Failed In The House Of Representatives Because People Don't Think It Will Do Anything For Them, Republican Presidential Nominee Sen. John McCain Told CNN's "American Morning."  
    2008-09-30 06:34:56

  • Local leaders challenge magazine's dire outlook for Twin Cities amid crisis (The Pantagraph)

    BLOOMINGTON -- Twin City officials and professionals are not worried that Bloomington-Normal garnered national attention as communities that could struggle because of economy woes. | How local congressmen voted | Stock market update | Financial crisis leads to Normal work stoppage
    2008-09-30 06:40:23

  • Conservative Pandit scores with Wachovia buy (The Economic Times)

    Investors, who had reservations about Pandit's appointment as CEO, seem to be warming up to him. However, some analysts say he & Citi still have a long way to go.
    2008-09-30 06:42:11

  • Conaway Discusses Grants, Bailouts, Fundraising 9/30/08 (CBS 7 West Texas)

    Congressman Mike Conaway was in Odessa today, with a full agenda. First, he joined with Dr. David Watts to announce a five million dollar federal grant to advance the school's new engineering program.
    2008-09-30 06:42:22

  • Blame the System (East Bay Express)

    I'm getting tired of the Wall Street boys and their financial media pals blaming the poorest homeowners for the economic mess we're in. Those nasty subprime borrowers, the financial class bellows, how could they have done this to us?
    2008-09-30 06:43:00

  • News Americas (Aljazeera)

    Al Jazeera spoke to Maurice Washington, director of housing and asset development for the Better Life organisation in the US city of St Louis, a body that provides aid and support to those affected by the subprime mfortgage crisis.
    2008-09-30 06:59:34

  • Senate leaders make surprise move to resurrect Bush bailout (Honolulu Advertiser)

    WASHINGTON (AP) — In a surprise move to resurrect President Bush's $700 billion Wall Street rescue plan, Senate leaders slated a vote on the measure for Wednesday — but added a tax cut plan already rejected by the House.
    2008-09-30 07:00:37

  • Stocks rise nearly 500 points on bets of revived bailout bill (Morgan Hill Times)

    Congressional leaders, President Bush and the two rivals to succeed him rummaged through ideas new and old Tuesday, desperately seeking to change a dozen House members' votes and pass a multibillion-dollar economic rescue plan.
    2008-09-30 07:01:04

  • Wachovia option-ARM mortgage losses may force merger - Tehran Times

    Three days after Chief Executive Officer Robert Steel told employees Wachovia was ``strong and performing well,'' the Wall Street Journal reported today that the Charlotte, North Carolina- based bank was in advanced takeover talks with Wells Fargo ...
    2008-09-30 12:37:00

  • Tips for Protecting Your Family Finances - Wall Street Journal

    3 of 10 Meh. The morning bounce means nothing. The stock market always does this after a massive fall. In fact this pattern is so old that stockbrokers the world over have a saying for it: "Even a dead cat bounces if you drop it far enough." Don't ...
    2008-09-30 01:20:00

  • 'Americans will not tolerate those who stood by and let this calamity ... - Guardian Unlimited

    A shock vote by the US House of Representatives to throw out Henry Paulson's $700bn mortgage bail-out prompted a bitter political postmortem and raised speculation of a cut in interest rates to shore up confidence in the system. As Republicans and ...
    2008-09-30 02:25:00

  • Global stocks surge on optimism over U.S. bailout - International Herald Tribune

    PARIS : Stock markets refused to capitulate Tuesday, despite U.S. lawmakers' rejection of a $700 billion financial bailout plan. But interest rates for lending between banks hit fresh record highs, reflecting continued stress in the financial system ...
    2008-09-30 05:24:00

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