Posted on March 31st, 2008 by moneyvsdebt
Federal regulators have eased the lenders’ capital surplus requirements, to inject some much-needed money into the mortgage market
Another stone fell into place in the federal government’s plan to build a path to credit market recovery. On Mar. 19, the Office of Federal Housing Enterprise Oversight, or OFHEO, said it was reducing the amount of capital [...]
Filed under: Ben Bernanke, Finance, Financial News, Investing, Mortgage Information, Real Estate, Real Estate Investing, Stocks, credit scores, federal reserve, housing crisis | No Comments »
Posted on March 17th, 2008 by moneyvsdebt
Treasury Secretary Henry Paulson, defending the bailout of Bear Stearns Cos., said policy makers will do whatever is needed to prevent disruptions in financial markets from hurting the economy.
“The government is prepared to do what it takes to maintain the stability of our financial system,” Paulson told the “Fox News Sunday” television [...]
Filed under: Finance, Financial News, Global Economy, federal reserve | No Comments »
Posted on March 16th, 2008 by moneyvsdebt
JPMorgan Chase said Sunday it will acquire rival Bear Stearns in a deal valued at $236.2 million — or $2 a share — a stunning collapse for one of the world’s largest and most venerable investment banks.
The last-minute buyout was aimed at averting a Bear Stearns bankruptcy and a spreading crisis of [...]
Filed under: Finance, Financial News, Global Economy, Investing, Stocks, federal reserve, politics | No Comments »
Posted on March 16th, 2008 by moneyvsdebt
Treasuries rose, driving yields on two-year notes down to 1.30 percent, as investors sought the relative safety of government debt after JPMorgan Chase & Co. agreed to bail out Bear Stearns Cos.
Traders began betting the Federal Reserve will cut its target for overnight loans by 1 percentage point tomorrow to keep losses [...]
Filed under: Ben Bernanke, Easy Money, Finance, Financial News, Global Economy, Investing, Money Saving Ideas, Mortgage Information, Stocks, credit secrets, federal reserve, gold vs dollar, housing crisis, politics | No Comments »
Posted on March 16th, 2008 by moneyvsdebt
Gold climbed to a record on increased demand for the metal as a haven after a Federal Reserve emergency rate cut sent the dollar falling.
The Fed lowered the discount rate to 3.25 percent from 3.5 percent, and extended the maximum term of discount-window loans to 90 days from 30 days. JPMorgan [...]
Filed under: Ben Bernanke, Finance, Financial News, Investing, Stocks, credit scores, federal reserve, gold vs dollar, politics | No Comments »
