by | Oct 14, 2010 | Towing
The government’s efforts to stem the foreclosure crisis may have been hampered by its reliance on Fannie Mae and Freddie Mac, according to a new report.
The two mortgage giants have “a history of profound corporate mismanagement,” and were overly reliant on subcontractors, the report by the Congressional Oversight Panel said.
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Private businesses “do not take an oath of office, nor…
Continue reading Report: Treasury Outsourced Foreclosure Bailout
Report: Treasury Outsourced Foreclosure Bailout originally appeared on DailyFinance on Thu, 14 Oct 2010 07:33:00.
Filed Under: Company News, Economy, Real Estate, Taxes, Credit
by | Oct 13, 2010 | Towing
The euro has posted its biggest quarterly gain in eight years, but billionaire investment guru Warren Buffett is worried about Europe’s common currency. Despite the E.U.’s trillion-dollar bailout fund, he’s not sure the Contine…
by | Oct 5, 2010 | Towing
The federal bailout program will end up costing taxpayers at least 85% less than expected, according to the Treasury Department, which estimates a bill of $30 billion to $50 billion. The Congressional Budget Office initially ex…
by | Oct 4, 2010 | Towing
American International Group has received a $1 billion commitment from Kuwait Investment Authority for AIA Group’s Hong Kong initial public offering. But the Kuwaiti sovereign wealth fund has forced AIG to lower the value of th…
by | Oct 4, 2010 | Towing
British banks may require further taxpayer funds, with borrowing needs potentially hitting £25 billion pounds ($39.5 billion) a month, according to a think-tank.
The independent New Economics Foundation said that central bank data indicated the banks are facing major funding problems, Reuters reported.
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Finance Minister George Osborne dismissed the suggestion.
“I am certainly…
Continue reading British Banks May Need More State Funds: Think Tank
British Banks May Need More State Funds: Think Tank originally appeared on DailyFinance on Mon, 04 Oct 2010 07:48:00.
Filed Under: Company News, Economy, People, Taxes, Credit, Currency
