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August 21, 2008 7:07:49 PM CDT

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Stories related to: Moody's

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4 Stories

  • June 2008

    • Dow Plummets to Below 12,000

      MarketWatch  |  Jun 20, 08 3:34 PM CDT

      Dow Plummets to Below 12,000

      (Newser) - The markets tumbled today to lows not seen since the Bear Stearns fiasco in March, MarketWatch reports. Oil surged back over $135 a barrel, erasing yesterday’s meager gains, and bad news continued to depress financials. The Dow fell 220.40 to 11,842.69, the Nasdaq 55.87 to 2,406.09, and the S&P 500 24.90 to 1,317.93. More »

      Tags

      Iran  • Israel  • S&P 500  • Nasdaq  • oil price  • Dow Jones Industrial Average  • MBIA  • Ambac  • Ambac Financial  • Moody's

    • Stocks Again Stuck in Neutral

      MarketWatch  |  Jun 4, 08 3:42 PM CDT

      Stocks Again Stuck in Neutral

      (Newser) - The markets finished mixed today as fears over the financial sector clashed with positive economic reports. Moody’s said it may downgrade ratings for Ambac Financial and MBIA because of continued mortgage-related losses, MarketWatch reports, helping the Dow down 12.37 to 12,390.48. The Nasdaq gained 22.66, closing at 2,503.14, while the S&P 500 lost 0.45 to settle at 1,377.20. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones Industrial Average  • mortgage  • Lehman Brothers  • writedowns  • MBIA  • Ambac  • Ambac Financial  • Lehman Brothers Holdings  • Moody's

  • March 2008

    • Municipalities Challenge Bond Ratings

      New York Times  |  Mar 3, 08 12:20 PM CST

      Municipalities Challenge Bond Ratings

      (Newser) - City and state officials are mounting a rebellion against bond rating firms they say are siphoning off billions of taxpayer dollars by giving them unfairly low credit ratings, the New York Times reports. Even though municipal bonds are generally safer than those issued by corporations, municipalities get lower credit scores, which in turn means higher interest and insurance fees. More »

      Tags

      California  • S&P 500  • Washington  • Oregon  • Connecticut  • municipal bonds  • Moody's  • bond market

  • December 2007

    • Bush Mortgage Plan Arrives

      CNN  |  Dec 6, 07 3:01 PM CST

      Bush Mortgage Plan Arrives

      (Newser) - The White House today released its plan to help homeowners threatened by the subprime crisis, asserting 1.2 million could be helped—but only 240,000 of 2.2 million rate resets due next year are covered, CNN reports. The five-year interest rate freeze doesn’t apply to borrowers 30 days late at the time of reset or those 60 days late at any point in the past year. More »

      Tags

      George W. Bush  • mortgage crisis  • Henry Paulson  • borrowers  • Moody's  • adjustable rates

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