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Paulson to Takeover and Restructure Fannie, Freddie (Update1) - Bloomberg
Sept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson will use his authority to rescue Fannie Mae and Freddie Mac , likely placing the beleaguered mortgage-finance companies under government control as early as this weekend. Paulson informed House ...

Paulson Intends to Use New Power to Restructure Fannie, Freddie - Bloomberg
Sept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson will use his authority to rescue Fannie Mae and Freddie Mac , likely placing the beleaguered mortgage-finance companies under government control as early as this weekend. ``Late yesterday I ...

Most Visited - Nolanchart.com
We Live Under Such Well-Crafted Illusions... Forbes Magazine , The New York Times , and Fox News are among many news services now reporting that there are plans afoot to nationalize Fannie Mae and Freddie Mac using tens of billions in taxpayer ...

US government to take over Fannie Mae, Freddie Mac (Roundup) - Monsters and Critics
Washington - The US government was preparing to take over the twin mortgage finance giants known as Fannie Mae and Freddie Mac, dismiss their top executives and prop up the companies with government funds, media reports said late Friday. The ...

U.S. Treasury Could Announce Fannie and Freddie Plan on Weekend, Says ... - Economicnews
(CEP News) - U.S. Treasury officials could roll out a plan to backstop embattled mortgage finance companies Fannie Mae and Freddie Mac over the weekend, according to the Wall Street Journal. The story cites "people familiar with the matter" and said ...

Steps needed to halt financial 'tsunami' - The Age
The US government needs to start using more of its money to support markets to stem a burgeoning ``financial tsunami,'' according to Bill Gross, manager of the world's biggest bond fund. Banks, securities firms and hedge funds are dumping assets ...

More Business - San Francisco Gate
Under the new program, six of the nation's largest financial institutions said they will begin contacting homeowners who are 90 or more days overdue on their monthly mortgage payments. The homeowners will be given the opportunity to put the ...

White House plan offers little foreclosure relief - MSNBC
The Hope Now hotline is staffed 24 hours a day, 7 days a week for homeowners who are having trouble keeping up with mortgage payments. The free service helps borrowers contact  lenders to try to work out a payment plan or modify their loan. While ...

Senate under pressure to approve stimulus - MSNBC
Jan. 25: It may take a few more months before you see a check in your mailbox. NBC's Jeannie Ohm reports. WASHINGTON - A much-anticipated deal between the White House and once-warring House leaders to speed tax rebate checks to workers starting in ...

Billionaires Up, America Down - Common Dreams
When it comes to producing billionaires, America is doing great. Until 2005, multimillionaires could still make the Forbes list of the 400 richest Americans. In 2006, the Forbes 400 went billionaires only. This year, you'd need a Forbes 482 to fit ...

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