Wikio - Credit

How the Left Wing Created the Credit Crisis. Yes, Indeed! (unsettling economics)

Sun, 20 Jul 2008 01:36:13 GMT

James Grant is a knowledgeable student of the credit system, but today he goes off the rails, blaming the left wing for the credit crisis. Here is the most striking passage: “By and by, the lefties carried the day. They got their government-controlled money (the Federal Reserve opened for business in 1914), and their government-directed credit [...]

Source : unsettling economics (subscribe)

Explore : Fannie Mae, Government

F & D Reports: F&D Reports Ranked Number Two in Credit Industry Reporting (Market Wire - Financial Services: Commercial and Investment Banking)

Fri, 18 Jul 2008 15:26:00 GMT

GREAT NECK, NY (MARKET WIRE) F&D Reports (an Information Clearinghouse, Inc. Company) has been cited as the preferred "second source" in the ever-increasing credit reporting industry listed behind leader D&B, according to a Credit Today survey of users published in its June issue.

Source : Market Wire - Financial Services: Commercial and Investment Banking (subscribe)

Fannie Mae Chief Says He Likely Won’t Use Credit Line (DealBook)

Fri, 18 Jul 2008 12:33:57 GMT

The chief executive officer of mortgage finance giant Fannie Mae, Daniel Mudd, said on Thursday the company was unlikely to tap emergency credit measures that have been proposed for it by the Treasury department. In an interview on PBS television’s “News Hour,” Mr. Mudd said increasing a credit line for Fannie and allowing Treasury to buy [...]

Source : DealBook (subscribe)

Explore : Fannie Mae

3 credit card perks you have (but probably don’t know about) (I Will Teach You To Be Rich)

Fri, 18 Jul 2008 05:11:49 GMT

My friend Paul Singh (of the productivity blog resultsjunkies.com) was telling me about some interesting perks from his credit card, so I asked him to write it up for everyone. I don’t have strong feelings one way or another about AmEx, but these are great examples of some of the benefits that your credit card [...]

Source : I Will Teach You To Be Rich (subscribe)

Explore : American Express, Personal Finance

Credit card utilization (Zieak's Blog)

Fri, 18 Jul 2008 03:41:31 GMT

I know that i have been focused on eliminating my debt this year. My single resolution was to not owe on any credit cards. But the more research that i have done on personal finance has made me aware that debt isn’t entirely bad. Take a look at this chart. You see that i have no [...]

Source : Zieak's Blog (subscribe)

Explore : American Express, Personal Finance

The Economy and the Jesuits (TruthSeeker24's anti-N.W.O. corner)

Sat, 19 Jul 2008 22:49:00 GMT

QUOTE Bro. Eric, What the President, Bernanke, Paulson, and Cox are communicating to the public is nothing buy psyops hogwash. The government doesn't have any money to bail out Freddy Mac, Fannie Mae, and IndyMac. SO IT MUST COME FROM THE FEDERAL RESERVE. And if the Fed shells out more credit to the banks, INFLATION GOES UP AND RECESSION GROWS DEEPER. It seems like the Fed is encouraging people to...

Source : TruthSeeker24's anti-N.W.O. corner (subscribe)

Explore : Fannie Mae, Government

“..Massive potential’ for global ‘financial meltdown’..” (whoar.co.nz)

Sat, 19 Jul 2008 20:53:36 GMT

“..The nightmare scenario for U.S. economic authorities is here: Confidence in their ability to rescue the country from a housing-led financial panic is now at its lowest level since the crisis began. This means losses for investors, already totalling nearly half a trillion dollars, could mount even further over the next few months, with implications for [...]

Source : whoar.co.nz (subscribe)

Explore : Fannie Mae

Oil Shock (The Indypendent)

Sat, 19 Jul 2008 17:05:07 GMT

For more than a year the U.S. economy has been reeling from the housing and credit crises, but now it’s staggering from the blow of rising energy and food prices. The impact of $4-a-gallon gasoline is rippling outward as Americans cut spending of all sorts. Every month it seems as if another major economic sector hits the skids: first it was housing and construction, then automobiles and airlines,...

Source : The Indypendent (subscribe)

Explore : Fannie Mae

Movie Notes: Maxed Out (Webomatica)

Sat, 19 Jul 2008 14:50:32 GMT

Synopsis Increasingly, the "American Dream" is funded with borrowed money. This documentary investigates the credit industry, revealing a large business segment based entirely on keeping customers in a state of perpetual debt. The scope expands to politics and our government's policy of borrowing today to bankrupt tomorrow.

Source : Webomatica (subscribe)

Explore : Cinema, Directors, Financial Services, Government, Michael Moore

The Gathering Recession (David Frum's Diary)

Sat, 19 Jul 2008 13:16:02 GMT

My column in today#39;s National Post assesses the North American economy:The U. S. economy has been battered by unceasing bad news. Even adjusted for... . . .

Source : David Frum's Diary (subscribe)

Explore : Fannie Mae, Merrill Lynch

Fitch Affirms Fannie, But Cuts Preferred Rating (Mark Investments)

Sat, 19 Jul 2008 13:02:30 GMT

Fitch Ratings has affirmed Fannie Mae’s long-term issuer default rating, or IDR, at ‘AAA’, but it downgraded Fannie’s preferred stock rating to ‘A+’ from ‘AA-’. Fannie Mae’s preferred stock also remains on rating watch negative, where it was originally placed on May 6 by the credit rating agency. The affirmation of Fannie’s long-term IDR and senior debt [...]

Source : Mark Investments (subscribe)

Explore : Fannie Mae

Earnings deluge poses test for fragile Wall Street (ABS CBN)

Sat, 19 Jul 2008 12:44:36 GMT

NEW YORK - A newly revived Wall Street faces a fresh test of momentum in the coming week with a wave of corporate results that may indicate whether the latest rebound is for real.

Source : ABS CBN (subscribe)

Explore : Cities and Towns, Fannie Mae, New York, New York City, Philippines

Have financial stocks fallen so far that they are great investments? (International Herald Tribune)

Sat, 19 Jul 2008 11:44:08 GMT

A rebound in financial stocks this week leads to the hope that a broader recovery is coming soon.

Source : International Herald Tribune (subscribe)

Explore : Fannie Mae, Mortgages

Why the Freddie Fannie mess can’t be bailed out (Investing Blog)

Sat, 19 Jul 2008 08:37:50 GMT

Freddie and Fannie Mae are huge. Together they hold $5 Trillion of US mortgages which equals roughly 50% of the US mortgage market. If these bankers prove to be insolvent, the United States will have a crisis on its hands in the form of 1970-80s style stagflation. To bail out these two [...]

Source : Investing Blog (subscribe)

Explore : Fannie Mae, Investors, Mortgages

Freddie CEO gets a bundle in 2007 (The Washington Times)

Sat, 19 Jul 2008 08:30:00 GMT

NEW YORK | Freddie Mac Chairman and Chief Executive Richard Syron pocketed nearly $19.8 million in compensation last year, according to a Securities and Exchange Commission filing Friday, even though the mortgage company's stock lost half its value in 2007.

Source : The Washington Times (subscribe)

Explore : Business, Fannie Mae, Mortgages, New York, New York City

Former Microsoft manager gets 22-month sentence in embezzlement (Seattle Times)

Sat, 19 Jul 2008 06:30:58 GMT

Carolyn M. Gudmundson, the former Microsoft employee who pleaded guilty in January to embezzling about $1 million, was sentenced in federal court Friday to 22 months in prison.

Source : Seattle Times (subscribe)

Explore : American Express, Business, Glendale

Two industry heavyweights offer travellers new perk (A Luxury Travel Blog)

Fri, 18 Jul 2008 23:22:35 GMT

American Express Travel, one of the world’s largest travel providers, and Starwood Hotels and Resorts are offering a new benefit to American Express Gold Card members. When booking through the travel provider, AMEX Gold Card members will receive a $75 food and beverage credit at any W, Westin, Le Meridien and Sheraton worldwide. This new [...]

Source : A Luxury Travel Blog (subscribe)

Explore : American Express

'Fast Money' Recap: Banking on Financial ETFs (The Street)

twocents@thestreet.com (TSC Staff) — Fri, 18 Jul 2008 23:17:00 GMT

Traders say if you want to get into banks, Proshares Trust Ultra Financial, or any of the ETFs, are the safest way.

Source : The Street (subscribe)

Explore : Banking, Citigroup, Fannie Mae, Finance

US stocks end six-week losing streak despite gloomy predictions (The Earth Times Online Newspaper)

Fri, 18 Jul 2008 22:52:00 GMT

New York - US stocks defied a week of gloomy predictions and controversial financial decisions by US officials, bouncing back by Friday after a slump on Monday and Tuesday. For Friday, better-than-estimated results from Citigroup Inc, JPMorgan Chase ...

Source : The Earth Times Online Newspaper (subscribe)

Explore : Banking, Citigroup, New York, New York City, World

House likely to modify Fannie, Freddie rescue (CNNMoney.com)

Fri, 18 Jul 2008 21:40:59 GMT

The House is likely next week to take up a Bush administration proposal to empower the Treasury to back up embattled mortgage giants Fannie Mae and Freddie Mac.

Source : CNNMoney.com (subscribe)

Explore : Business, Fannie Mae, Financial Services, Freddie Mac, Mortgages