April 2009 - Around The Web

If the Federal Reserve holds a policy meeting but the market isn't interested, will chairman Ben Bernanke still make a sound?

The FAA said a Boeing 747 circling Lower Manhattan was part of a coordinated "photo op."

Human cases of swine influenza A (H1N1) virus infection have been identified in the United States. Human cases of swine influenza A (H1N1) virus infection also have been identified internationally. The current U.S. case count is provided below.

The purchase or sale of Treasury securities on an outright basis adds or drains reserves available in the banking system. Such transactions are arranged on a routine basis to offset other changes in the Federal Reserve’s balance sheet in conjunction with efforts to maintain conditions in the market for reserves consistent with the federal funds target rate set by the Federal Open Market Committee (FOMC).

submits: Total additional losses from legacy US Residential Mortgage-backed Securities are expected to reach $260 billion: $165 billion from subprime, $90 billion from Alt-A, and $5 billion from prime RMBS, according to Standard & Poor’s Market, Credit...

General Motors Corp. says Monday it will seek to exchange common stock for more than $27 billion in public debt as part of a restructuring plan.

General Motors, which said it needed $11.4 billion more in government loans, offered bondholders 225 shares for every $1,000 they hold.

submits: Total additional losses from legacy US Residential Mortgage-backed Securities are expected to reach $260 billion: $165 billion from subprime, $90 billion from Alt-A, and $5 billion from prime RMBS, according to Standard & Poor’s Market, Credit...

Benjamin Chiang nearly lost the chance to refinance his condominium when his lender discovered that many other people in the building were behind on their condo dues.

Treasurys rose Monday morning as investors worried about the possible economic impacts of the outbreak of swine flu and braced for another big influx of supply.

Read full story for latest details.

Read full story for latest details.

NEW YORK (Reuters) - Stock futures pointed to a more than 1 percent drop at the open on Monday as investors worried that a possible global flu outbreak could throw a wrench into the economy's ability to climb out of a recession.

A roundup of economic news from around the Web. The Economist looks at Treasury Secretary Tim Geithner ’s first three months in office. “Resolving the current crisis would test even the most battle-hardened politician’s skills. That is largely because...

Tim Duy says the Fed is likely to step up its purchases of long-term sucurities: : Mark Thoma article detailing the slow start-up of the Federal Reserve's much discussed but little used TALF program. At this juncture, a critical constraint appears...

The white paper is intended to assist analysts and other interested members of the public in understanding the results of the Supervisory Capital Assessment Program, expected to be released in early May. All U.S. bank holding companies with year-end 2008 assets exceeding $100 billion were required to participate in the assessment, which began February 25. These institutions collectively hold two-thirds of the assets and more than half the loans in the U.S. banking system.

David Moffett, the former chief executive officer at Freddie Mac who stepped down last month, will return to help the company after the chief financial officer’s sudden death.

China has nearly doubled its gold reserves in the last five years as it diversified its foreign exchange reserves away from US dollar assets, the head of the country's secretive foreign exchange administration said