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Treasury Set to Take Stakes in Big Banks - AOL
WASHINGTON (Oct. 27) - The Treasury Department will start doling out $125 billion to nine major banks this week to get credit flowing again, giving a lift to U.S. markets on rising confidence that the government's moves would stave off a protracted ...

French savings bank suffers 600 mln euro trading loss - MSN UK News
PARIS (Reuters) - France ordered an audit of all its banks after Caisse d'Epargne, which is merging with Banque Populaire to become the country's second-largest retail bank, disclosed a 600 million-euro (465 million pound) trading loss. Savings bank ...

BHP seen pressing on with Rio bid despite crisis - MSN UK News
LONDON (Reuters) - Miner BHP Billiton may have to pay more for a $55 billion (31 billion pound) loan as the credit crisis deepens, but this is unlikely to force it to abandon its $95 billion all-share takeover bid for rival Rio Tinto
Fannie-Freddie takeover unlikely to change much - Reading Eagle
WASHINGTON - If the government bailout of Fannie Mae and Freddie Mac is a salve to help heal what's ailing the U.S. economy, it's likely to be a slow-acting medicine that may not stop the infection before it gets worse. Analysts predict the vicious ...

BHP Junks Rio Bid, Hunkers Down - ABN Newswire
Sydney, Nov 26, 2008 (ABN Newswire) - Some were surprised, but they shouldn't have by the decision by BHP Billiton to pull the Rio Tinto bid. The credit markets had been signalling it for months. The market in London overnight made BHP the winner ...

The Communist Manifesto Turns 160 - Common Dreams
This year marks the 160th anniversary of The Communist Manifesto and capitalism-- a k a "free enterprise"--seems willing to observe the occasion by dropping dead. On Monday night, some pundits were warning that the ATMs might run dry and hinting ...

Today's Mortgage Terms starting with V

VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.

Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.

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