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October 12, 2008 9:45:55 PM CDT


Stories related to: government backing

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3 Stories

  • July 2008
    • Financials Nudge Markets Down

      Financials Nudge Markets Down

      (Newser) - The markets saw modest losses today, erasing an early-session rally spurred by the announcement of a government bailout plan for Freddie Mac and Fannie Mae as investors mulled the ramifications of a government rescue, MarketWatch reports. The Dow fell 45.35 points, closing at 11,055.19. The Nasdaq shed 26.21, closing at 2,212.87, and the S&P 500 lost 11.19, to close at 1,228.30. More »

      Tags

      Financial Crisis   Dow Jones   S&P 500   Nasdaq   Fannie Mae   Freddie Mac   government backing

    • Fannie/Freddie Troubles Signal Sea Change in Gov't Role

      Fannie/Freddie Troubles Signal Sea Change in Gov't Role

      (Newser) - The teetering of Fannie Mae and Freddie Mac has underscored a major shift in US finance, writes Peter S. Goodman in the New York Times —once simply another guarantor, the government has effectively become the only lender in town "for millions of Americans engaged in the largest transactions of their lives." As commercial banks flee the market and credit dries up, Fannie and Freddie are now buying two-thirds of new mortgages. More »

      Tags

      Financial Crisis   credit crisis   subprime mortgages   economy   regulation   Alan Greenspan   loan   free markets   government backing

  • March 2008

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