Learn. Share. Connect. (52,391 Members)  - Join

October 2008 - Around The Web



Site Tools

Join Now or Sign In
for Full Access to All Features
What is
'Around the Web'?

It is a continuously updated stream of news from around the web.  Visit throughout the day for the latest breaking news.

Have News to Share ?
Members are encouraged to suggest stories for Around the Web.  Click the 'Suggest a Story' link to sumbit a link for review by our editors.

+ Suggest a Story

Syndication

Archive List

  • Fed lending program open for business
    Published Mon, Oct 27 2008 10:45 AM by rss.cnn.com
    The Federal Reserve started buying so-called commercial paper on Monday to jumpstart a critical but faltering lending market used by banks and big businesses.
  • Yen strength continues
    Published Mon, Oct 27 2008 10:44 AM by rss.cnn.com
    The Japanese yen continued to rise Monday and the dollar held firm against other currencies despite signs that a government intervention in the currency market may be on the horizon.
  • Credit Is Likely to Ease This Week: Pimco's Gross
    Published Mon, Oct 27 2008 10:43 AM by CNBC
  • Capital One, Sun Trust Sell Preferred to Government
    Published Mon, Oct 27 2008 10:42 AM by Calculated Risk Blog
    From the WSJ: Capital One, SunTrust to Sell Government Preferred Stock A host of financial firms announced they will sell preferred stock and warrants to the federal government ... The biggest morning disclosure was Capital One Financial Corp.'s ...
  • Treasury: first 9 banks to get funds this week
    Published Mon, Oct 27 2008 10:41 AM by Reuters
    WASHINGTON (Reuters) - The U.S. Treasury will begin sending $125 billion to the first nine banks to sign up for its capital program early this week, and is willing to listen to other industries seeking government assistance, a senior Treasury official...
  • Recession Reality Setting In — Slowly
    Published Mon, Oct 27 2008 10:40 AM by CNBC
  • The Broker Rebellion
    Published Mon, Oct 27 2008 10:39 AM by dealbook.blogs.nytimes.com
    David B. Armstrong was proud for a long time to be part of Merrill Lynch’s thundering herd — the brokers in the storefronts and office buildings who are the face of Wall Street to many Americans. But he struck out on his own in May, relieved, he said...
  • General Motors, Driven to the Brink
    Published Mon, Oct 27 2008 10:38 AM by dealbook.blogs.nytimes.com
    As General Motors tries to salvage its future through a possible merger with Chrysler, the possibility of bankruptcy looms for G.M. and perhaps for Chrysler as well, The New York Times’s Bill Vlasic and Nick Bunkley wrote in an article Sunday that looked...
  • Goldman called Citi for merger in September: source
    Published Mon, Oct 27 2008 10:37 AM by Reuters
    LONDON (Reuters) - Goldman Sachs Chief Executive Lloyd Blankfein called Citigroup Inc head Vikram Pandit last month about a possible merger, but Pandit rejected the proposal, a source familiar with the matter said on Monday.
  • Tech companies offer loans as defaults rise: report
    Published Mon, Oct 27 2008 10:36 AM by Reuters
    (Reuters) - Big tech companies are filling the void left by banks and specialty lenders that are retrenching and making financing more difficult for smaller tech firms, the Wall Street Journal said.
  • Mortgage Threat From Hedge Funds Irks Democrats
    Published Mon, Oct 27 2008 10:36 AM by dealbook.blogs.nytimes.com
    Several Democratic lawmakers lashed out Friday at hedge funds that have threatened to block attempts to renegotiate mortgages for struggling homeowners, The New York Times’s Barry Meier reported. At least two funds, Greenwich Financial Services and Braddock...
  • So When Will the Banks Give Loans?
    Published Mon, Oct 27 2008 10:36 AM by dealbook.blogs.nytimes.com
    The dirty little secret of the federal government’s $700 billion bailout plan is that many recipients of Treasury’s largess won’t be using the money primarily to make new loans. Instead, The New York Times’s Joe Nocera writes in his latest column, executives...
  • Currency Crisis Meltdown in Europe, Japan, Australia
    Published Mon, Oct 27 2008 10:08 AM by feeds.feedburner.com
    Currency interventions don't work but that does not stop countries from wasting money trying. A massive unwinding of the Yen carry trade is in progress and in response the . The Group of Seven warned on Monday the yen's wild swings threatened...
  • NY Times Lending Conspiracy Madness
    Published Mon, Oct 27 2008 10:08 AM by feeds.feedburner.com
    At least a dozen people asked me to comment on the New York Times article Most seem to believe the bank bailout package is part of some complicated scheme by the treasury and Fed to give banks taxpayer money explicitly for takeovers. Indeed that is the...
  • Wall Street Hedge Funds Vs. Homeowners & Barney Frank
    Published Mon, Oct 27 2008 9:38 AM by loanworkout.org
    House Financial Services Committee chairman Barney Frank is warning Wall Street hedge funds and threatening to subpoena at least two hedge funds, Greenwich Financial Services and Braddock Financial to testify next month after the funds warned mortgage...
  • "Currency crisis is gathering storm"
    Published Mon, Oct 27 2008 9:37 AM by feedproxy.google.com
    Ed Harrison sent us a link to his latest post, and it's a doozy. Most of us in the US who are financially-minded have been sufficiently caught up with the three ring circus of market turmoil, seemingly-a-new-trick-every-day Fed and Treasury interventions...
  • The Federal Reserve's balance sheet
    Published Mon, Oct 27 2008 9:36 AM by www.econbrowser.com
    On Thursday, the Federal Reserve issued its weekly , which provides details of the Fed's balance sheet. Once upon a time, this was one of the least interesting of the government's many releases of data. These days, it's become one of the most...
  • CRA and Fannie and Freddie as betes noire
    Published Mon, Oct 27 2008 9:36 AM by www.econbrowser.com
    There is so much chaff floating around about the roles of Fannie and Freddie and of the in the current crisis, despite the best efforts of economists like Jim Hamilton , and , that it seems worthwhile to once again go through some of the arguments that...
  • Banks to Announce Equity Injections
    Published Fri, Oct 24 2008 7:51 PM by Wall Street Journal
    The Treasury is allowing banks to individually announce government investments, scrapping an earlier plan to release the names of multiple banks receiving federal money.
  • PNC to Acquire National City
    Published Fri, Oct 24 2008 9:44 AM by Calculated Risk Blog
    Press Release: PNC to Acquire National City The PNC Financial Services Group, Inc. and National City Corporation today announced that they have signed a definitive agreement for PNC to acquire National City for $2.23 per share, or an aggregate fixed amount...
« First ... < Previous 2 3 4 5 6 Next > ... Last »
Home - About - Contact - Sitemap - Disclaimer - Privacy Statement - Advertising - RSS - Link To This Page

All Content Copyright © 2003 - 2009 Brown House Media, Inc. All Rights Reserved.
Reproduction in whole or in part in any form without the express written permission of MortgageNewsDaily.com is prohibited.