Debt Consolidation Solution - Freddie Mac Paves Way For Major Stock Sale
Freddie Mac Paves Way For Major Stock Sale
Freddie Mac, the troubled mortgage-finance giant, yesterday took a major step toward selling billions of dollars of new stock to the public as a way to bolster its balance sheet.
Source: www.washingtonpost.com
Merrill Lynch posts 2Q loss; sells Bloomberg stake
NEW YORK — Merrill Lynch & Co. on Thursday issued its latest assessment of the damage it has suffered from the credit crisis: its fourth straight quarterly loss and write-downs from failed investments approaching $40 billion.
Source: www.washingtonpost.com
Obama Knows Firsthand About Consumer Debt
Far too many people are buckling under the strain of running a household as consumer prices rise, home values decline and banks tighten up on credit. There’s such financial distress across the country because of mountains of personal debt that any new president will have a difficult time trying to fix the deep-seated problems.
Source: www.washingtonpost.com
White House seeks movement on housing bill
WASHINGTON (Reuters) - The White House on Monday said it hoped for progress on a sweeping housing rescue plan by the end of this week, but reiterated a veto threat over a provision that Congress looks likely to include in the bill.
Source: www.washingtonpost.com
Freddie Mac Paves Way For Major Stock Sale
Freddie Mac, the troubled mortgage-finance giant, yesterday took a major step toward selling billions of dollars of new stock to the public as a way to bolster its balance sheet.
Source: www.washingtonpost.com
Merrill Lynch posts 2Q loss; sells Bloomberg stake
NEW YORK — Merrill Lynch & Co. on Thursday issued its latest assessment of the damage it has suffered from the credit crisis: its fourth straight quarterly loss and write-downs from failed investments approaching $40 billion.
Source: www.washingtonpost.com
Obama Knows Firsthand About Consumer Debt
Far too many people are buckling under the strain of running a household as consumer prices rise, home values decline and banks tighten up on credit. There’s such financial distress across the country because of mountains of personal debt that any new president will have a difficult time trying to fix the deep-seated problems.
Source: www.washingtonpost.com
White House seeks movement on housing bill
WASHINGTON (Reuters) - The White House on Monday said it hoped for progress on a sweeping housing rescue plan by the end of this week, but reiterated a veto threat over a provision that Congress looks likely to include in the bill.
Source: www.washingtonpost.com
