Mortgage and Financial News From 2008-10-10 Page 9
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$25B credit backstop for banks 'not a bailout': Harper (CBC Edmonton)
The federal government's $25-billion takeover of bank-held mortgages to ease a growing credit crunch faced by the country's financial institutions is not a bailout similar to recent moves made in the United States and other Western countries, Stephen Harper said Friday
2008-10-10 09:18:41 -
Bailout has candidates for Congress grousing (SaukValley.com)
Sauk Valley-area congressional candidates have few kind words for Washington's $700 billion economic bailout - including those who held their nose and voted for it, and those seeking to replace them in the November election.
2008-10-10 11:19:57 -
Toronto-Dominion Hasn't Curbed Consumer Lending, Hockey Says (Bloomberg)
Oct. 10 (Bloomberg) -- Toronto-Dominion Bank hasn't slowed its pace of lending to individuals and small businesses even as the cost of funding rises, the head of its Canadian consumer bank said.
2008-10-10 12:43:55 -
MP hopefuls spar in Pemberton (Whistler Question)
Whistler – Pemberton played host to the first all-candidates event of the current election campaign for the federal hopefuls in the Chilliwack-Fraser Canyon riding on Friday (Oct. 3).
2008-10-10 12:51:14 -
Worst Market Crash In Recent History Sends Risk Appetite And Carry Plummeting (Daily FX)
It is difficult for anyone to miss the massive wave of risk aversion that has washed over the global markets these past two weeks.
2008-10-10 12:31:03 -
ALL BUSINESS: Possible profits from bailout (El Paso Times)
NEW YORK—Two things rule the financial world: Making money and figuring out ways to make more of it. That's why some on Wall Street are sure to figure out how to profit from the U.S. government's $700 billion financial bailout plan.
2008-10-10 12:32:29 -
Loonie takes steepest one-day dive ever, down 4.5 cents in afternoon trading (MSN Money Canada)
TORONTO - The loonie posted its biggest one-day decline on record Friday, falling almost five cents against the American dollar amid tremendous financial upheaval around the world.
2008-10-10 12:46:19 -
Officials: local banks solid, secure (The Fairfield Ledger)
Sound banking practices have saved local financial institutions from the crisis threatening many large, national banks and mortgage companies.
2008-10-10 12:46:52 -
Credit Squeeze Takes Hold in Europe (New York Times)
Small businesses struggle to pay suppliers and big businesses retrench as banks clamp down on lending.
2008-10-10 12:53:47 -
Vultures circle Wall Street, but hesitate to feed (AM New York)
When financial panic sweeps Bedford Falls in the 1946 movie "It's a Wonderful Life," the villain, Mr. Potter, moves to snap up the Bailey Savings & Loan, offering a fire-sale price of 50 cents on the dollar.
2008-10-10 12:57:28 -
McCain, Obama offer dueling ideas to save economy (Miami Herald)
John McCain and Barack Obama outlined steps to counter the faltering economy and plummeting stock market on Friday, fresh evidence of the dominant role of pocketbook issues in their race for the White House.
2008-10-10 12:57:59 -
US stocks extend huge losses over credit concerns (INO News)
(AP:NEW YORK) Wall Street seesawed but still extended its devastating decline Friday as investors, seeing no resolution to the credit crisis, propelled the Dow Jones industrials to their eighth straight day of losses and worst week ever.
2008-10-10 12:58:28 -
Search the Archives (Kansas State Collegian)
In 1932, with an economy in shambles and Herbert Hoover’s free market policies bringing no relief, Americans elected a man with a plan. Franklin Delano Roosevelt knew what he would do in the first 100 days of his presidency, and he continued to fight for ordinary Americans for the next 12 years.
2008-10-10 12:59:26 -
McCain, Obama camps point fingers in banking deregulation, mortgage ... - MSN MoneyCentral
Federal National Mortgage Association ( FNM ) Stock Quote , Chart , News , Add to Watchlist John McCain and Barack Obama's presidential campaigns are pointing fingers at each other's political camps over who were the architects of a 1999 banking ...
2008-09-18 05:59:00 -
Mortgage Woes Boost Credit Card Debt - US News and World Report
Danielle Mathias-Lamb, a second-year nursing student, received a letter from Bank of America in January with a shocking message: The credit card she used to pay for her tuition was going to jump to a 28 percent interest rate from 10 percent. More ...
2008-09-27 02:47:00