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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: bailout

bailout stories: 564 news summaries

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  AIG Rescue Boosts Euro 
  Stocks; Asia Rally Fades 

Still 'edgy,' notes analyst

Sep 17, 08 4:49 AM CDT
(Newser) - European stocks edged up today for the first time in three days on news of the US government's $85 billion bailout of insurance giant AIG—but an early rally in Asian markets faded, reports Bloomberg and the New York Times. Europe's Stoxx 600 climbed as much as 1.9% after... More »

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stock market • financial markets • trading • AIG • bailout • stock index • financial crisis

Pols Pitch Federal Agency
to Take On Bad Debt

Agency would formalize what feds are already doing in money crisis

Sep 17, 08 2:40 AM CDT
(Newser) - The idea of creating a federal agency to dispose of the toxic debt at the heart of the credit crisis is gaining traction in Washington, the New York Times reports. The proposed agency would resemble one set up in 1989 to resolve the savings and loan crisis—but in a... More »

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Federal Reserve • debt • House Financial Services Committee • credit crisis • Barney Frank • FDIC • bailout • financial crisis

ANALYSIS

Paulson Played Cards Well
in High-Stakes Showdown

Paulson, remaining banks struggle to pull the market back together

Sep 16, 08 12:27 PM CDT
(Newser) - Cue the Kenny Rogers, suggests Steve Pearlstein in the Washington Post; “Hank Paulson knows when to hold ‘em and when to fold ‘em.” Paulson was so determined not to commit federal dollars to bail out Lehman Bros. that when the banks said they couldn't step in... More »

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Federal Reserve • Henry Paulson • Lehman Brothers • subprime crisis • bailout • banking industry • financial crisis

Feds, Banks Seek Lehman Deal by Tonight

BofA, Barclays balk at bad assets, but bailout not in the cards

Sep 13, 08 2:05 PM CDT
(Newser) - Washington and Wall Street continued talks today aimed at solving the Lehman Brothers crisis as early as tonight, the Wall Street Journal reports. Federal Reserve officials still refuse to approve a bailout like the one that enabled JP Morgan to acquire Bear Stearns this summer—but possible buyers like... More »

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Ben Bernanke • Wall Street • Bank of America • Barclays • Federal Reserve • Bear Stearns • Lehman Brothers • bailout • financial crisis

Bank of America in Talks
to Buy Lehman Bros.

Investment bank looking for buyers to save it from collapse

Sep 11, 08 4:26 PM CDT
(Newser) - Bank of America is in preliminary talks to acquire struggling investment bank Lehman Brothers, the Wall Street Journal reports. Lehman has been shopping itself around in a bid to stave off collapse, but potential suitors are wary. Many want Washington to assist with a sale of the bank, whose shares... More »

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Nancy Pelosi • Wall Street • Bank of America • Lehman Brothers • bailout • credit market chaos • financial crisis

Mortgage Rates Fall After Fannie, Freddie Bailout

Average 30-year
loan rates drop
nearly half a point

Sep 10, 08 2:44 AM CDT
(Newser) - The federal takeover of Fannie Mae and Freddie Mac sent mortgage rates plummeting today, MSNBC reports. The average 30-year fixed rate mortgage dropped nearly half a percentage point to 5.88%, dipping below 6% for the first time since January. The average rate for a 15-year loan is down to... More »

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Freddie Mac • Fannie Mae • mortgage rates • bailout • financial crisis

Fannie, Freddie CEOs in Line for Millions in Severance

Mudd, Syron each stand to net at least $6M; critics rip 'pay for failure'

Sep 9, 08 11:12 AM CDT
(Newser) - The CEOs of Freddie Mac and Fannie Mae will receive millions in severance pay, pension payouts, and other benefits after the government’s takeover of the mortgage giants, the Los Angeles Times reports. Fannie’s Daniel Mudd stands to take away $7.3 million, and Freddie’s Richard Syron will... More »

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Barack Obama • CEO • Freddie Mac • Fannie Mae • Richard Syron • bailout • Daniel Mudd • golden parachutes • financial crisis

Bailout Likely
to Sink Some Small Banks

Those with significant Fannie/Freddie stock face capital crunch

Sep 9, 08 10:15 AM CDT
(Newser) - The government’s takeover of Fannie Mae and Freddie Mac, and the resulting crash of the value of the companies’ shares, has started a domino effect that likely will push some smaller banks into failure, the Washington Post reports. Some institutions heavily invested in the seemingly safe stocks will find... More »

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takeover • Freddie Mac • Fannie Mae • bailout • banking industry • financial crisis

ANALYSIS

 Battle Lines Drawn in 
 Freddie, Fannie Fight 

Making mortgage giants public, breaking them up or nursing them to health seen as options

Sep 9, 08 9:21 AM CDT
(Newser) - What Freddie Mac and Fannie Mae look like in the future—and whether they continue to exist in a recognizable form at all—depends on how Washington looks next year, the New York Times reports. The battle already has begun, with the White House and congressional Democrats blaming each other... More »

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Bush administration • Freddie Mac • Fannie Mae • subprime crisis • bailout • financial crisis

Analysis

US Must Strike Fine Balance on Mortgage Bailout

Deficit makes coordinated response economically, psychologically crucial

Sep 8, 08 11:34 AM CDT
(Newser) - A global storm continues to threaten the world’s economies, and the US government takeover of Fannie Mae and Freddie Mac is just one step, albeit a major one, toward recovery. Whether the latest attempt to right the ship succeeds "ultimately boils down to two big issues," writes... More »

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Bush administration • Freddie Mac • Fannie Mae • subprime crisis • bailout • credit market chaos • financial crisis

 Dollar Soars to 1-Year High 

Greenback climbs higher still after Fannie-Freddie bailout

Sep 8, 08 8:06 AM CDT
(Newser) - The dollar rallied to a 1-year high against the world's currencies today, following Treasury's decision to seize control of Fannie Mae and Freddie Mac. After an early hiccup, the greenback advanced to $1.41 against the euro while also climbing against the yen, the pound, and the Swiss franc. While... More »

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currency • exchange rate • currency exchange • pound • euro • US dollar • bailout • financial crisis

MARKETS

 Stocks Rally Strong on
 Fannie, Freddie Takeover 

Europe, Japan, US futures see market surge

Sep 8, 08 4:29 AM CDT
(Newser) - European and Japanese stocks saw their biggest surge since January and US futures climbed amid news of the Treasury Department’s plan to take charge of Fannie Mae and Freddie Mac, Bloomberg reports. Europe's UBS AG, pounded by subprime losses, and Japan’s Mizuho Financial Group, its biggest bank by... More »

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stock market • Japan • Europe • Henry Paulson • futures market • Freddie Mac • Fannie Mae • conservatorship • bailout • financial crisis

Juggled Books at Freddie, Fannie Sparked Fed Takeover

Situation more dire than accounting revealed, probers found

Sep 7, 08 6:17 AM CDT
(Newser) - Federal advisers pushed for a government takeover of Freddie Mac and Fannie Mae after discovering fuzzy accounting that failed to fully reveal the dire nature of the companies' financial situation, reports the New York Times. The practices, while not illegal, overstated the mortgage giants' capital cushions while attempting to delay... More »

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accounting • Freddie Mac • Fannie Mae • housing crisis • bailout • financial crisis

(Newser) - The White House told ailing mortgage giants Fannie Mae and Freddie Mac today that Washington will effectively take them over, the Wall Street Journal reports. The Treasury move will leave both companies functioning but replace their executives, inject capital, and likely leave shareholders with little or nothing. The move aims... More »

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Freddie Mac • Fannie Mae • Treasury Department • bailout • financial crisis

Pressure Mounts for a Freddie, Fannie Bailout

Investors want Treasury to take the lead on mortgage giants sooner rather than later

Aug 20, 08 9:40 AM CDT
(Newser) - A federal bailout for Fannie Mae and Freddie Mac looks more likely every day, both the Wall Street Journal and the New York Times report, as the mortgage giants find it increasingly difficult to borrow and their stock continues to take a pounding. Freddie was able to auction $3 billion... More »

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Henry Paulson • Freddie Mac • Fannie Mae • mortgage rates • housing crisis • bailout • financial crisis

House Passes Huge
Housing Rescue Bill

Measure should clear Senate soon; Bush says he'll sign it

Jul 23, 08 5:34 PM CDT
(Newser) - The House today approved a massive bill to provide relief for struggling homeowners, communities hit hard by the housing crisis, and mortgage giants Fannie Mae and Freddie Mac, the Hill reports. The bill passed 272-152 hours after President Bush switched course and said he would not veto it. The measure... More »

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mortgage • House of Representatives • Freddie Mac • Fannie Mae • housing crisis • bailout

Freddie Eyes Selling $10B in Shares to Stave Off Bailout

Measure might prevent need for bailout -
for now

Jul 18, 08 6:53 AM CDT
(Newser) - Freddie Mac is considering issuing $10 billion worth of new common and preferred shares, the Wall Street Journal reports, a move that might stave off a full-blown government rescue—and the increased scrutiny that would come with it. Freddie has been emboldened by two days of big gains, with... More »

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shares • Freddie Mac • stock offering • bailout • financial crisis

MARKETS

  Paulson's Imprimateur on
 Freddie/Fannie
 Rescue 

Madcap weekend recasts Treasury Secretary in Clintonian mold

Jul 15, 08 9:16 AM CDT
(Newser) - Henry Paulson had a very busy weekend. The treasury secretary had been formulating contingency plans for bailing out beleaguered Fannie Mae and Freddie Mac for weeks, but Friday’s crisis came before those plans were in place, the Wall Street Journal reports in a reconstruction of events leading to... More »

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Ben Bernanke • Federal Reserve • Henry Paulson • mortgage • Freddie Mac • Fannie Mae • bailout • economy • financial crisis

ANALYSIS

Fannie, Freddie Edge Back
From the Brink

Panic eases after turbulent trading, but big test is yet to come

Jul 12, 08 7:11 AM CDT
(Newser) - Fears of a collapse of Fannie Mae or Freddie Mac finally eased yesterday after a stomach-churning rollercoaster ride that saw a 50% nosedive for the mortgage giants in early trading, writes the Wall Street Journal. A week of panic, prompted in part by reports that the government was preparing rescue... More »

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Wall Street • Henry Paulson • mortgage • Freddie Mac • markets • Fannie Mae • credit market • bailout • financial crisis

Italians Impatient With Alitalia Rescue Efforts

Berlusconi's pleas for patriotism fall on deaf ears

Jul 4, 08 5:33 PM CDT
(Newser) - Fed up with government efforts to resuscitate Alitalia, many Italians think Rome needs to face reality and let the airline die, Bloomberg reports. PM Silvio Berluconi characterizes Alitalia’s survival as “a matter of national security,” but it hasn't turned a profit in nearly a decade. The latest... More »

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bankruptcy • Italy • government • airline • Silvio Berlusconi • Alitalia • bailout

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