Mortgage and Financial News From 2008-7-14 Page 11
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Fitch Affirms Methanex's IDR at 'BBB'; Revises Outlook to Negative (Business Wire via Yahoo! Finance)
CHICAGO----Fitch Ratings has affirmed the current ratings of Methanex Corporation as follow:
2008-07-14 11:56:00 -
Curtains for the American Dream? (The Motley Fool)
How trouble with Fannie and Freddie could affect your ability to get a mortgage.
2008-07-14 11:26:01 -
Dani Rodrik: The Globalisation Consensus is dead (Business Standard India)
The old globalisation model is unsustainable. The world economy awaits its new Keynes. The world economy has seen globalisation collapse once already.
2008-07-14 11:34:12 -
Analysts Say More Banks Will Fail (NYTimes.com via Yahoo! Finance)
There is less danger than in the savings-and-loan crisis of the 1980s, but as many as 150 U.S. banks could fail over the next year, analysts say.
2008-07-14 11:36:55 -
IndyMac customers line up to withdraw money (CNN Money)
Hundreds gathered Monday to pull savings; many fear losses as largest regulated thrift fails.
2008-07-14 11:58:33 -
IndyMac customers line up to withdraw from embattled bank (Boston Herald)
PASADENA, Calif. - Hundreds of worried IndyMac Bancorp Inc. customers lined up today to pull as much money as they could from the failed financial institution. However,...
2008-07-14 11:58:44 -
They were told their money was 'totally safe.' It wasn't. - Idaho Statesman
Janet and Norm Brown have "significant" investments in auction-rate bonds. "UBS told us it's money you can't lose, it's guaranteed..totally safe, insured," says Norm. The bonds are now frozen and devalued. "That's billions of dollars they've robbed ...
2008-07-13 10:53:00 -
அமர்நாத்: 26-வது குழு இன்று ... - Chennai Online
Monday, July 14, 2008 Left launches campaign to explain withdrawal of support Kalmadi smiles at NCP in Pune; Pawar non-committal SC posts petition on foreign origin issue for final disposal TTD socio-spiritual campaign aims to reach Dalits, tribals ...
2008-07-13 11:51:00 -
Bank fears spread after IndyMac seizure - AZCentral.com
The federal government's seizure of IndyMac Bank is deepening worries among executives, regulators and consumers about the U.S. banking industry, which is in a tightening bind following a long run of prosperity. Banks and thrifts are struggling ...
2008-07-14 08:48:00 -
Home equity lines frozen at IndyMac - Los Angeles Times
The federal regulators who seized IndyMac Bank late last week reiterated Sunday that its branches would be open as usual this morning but said home equity lines of credit issued by the bank would be frozen pending a review of each account. During a ...
2008-07-14 08:48:00 -
Tokyo, Seoul join region's broad retreat - Marketwatch
HONG KONG (MarketWatch) -- Asian stocks slipped into negative territory Monday as worries related to rising inflation and interest rates overweighed early enthusiasm that the U.S. government will rescue mortgage giants Fannie Mae and Freddie Mac ...
2008-07-14 06:32:00 -
Fannie, Freddie and You - New York Times
Well, I’m going to take a contrarian position: the storm over these particular lenders is overblown. Fannie and Freddie probably will need a government rescue. But since it’s already clear that that rescue will take place, their problems won’t ...
2008-07-14 05:20:00 -
Savers can still find great rates (Deseret Morning News)
It may be the middle of summer, but the climate for savers has definitely cooled. Last summer, yields of 5 percent or more were plentiful. Now, rates of 3 percent to 3.5 percent are common.
2008-07-12 11:18:58 -
Gail MarksJarvis: How to survive the bear market (Chicago Tribune)
2008-07-13 11:11:17 -
What's next for IndyMac account holders (Orange County Register)
The bank will reopen Monday but some people won't get all their money. IndyMac Bank's sudden seizure by the Federal Deposit Insurance Corp. left many customers with more questions than answers. Here are a few of the most common.
2008-07-13 07:17:25