3 Stories

Pressure on Freddie Exec Was 'Relentless'

Colleagues say Kellermann lost weight, barely went home

(Newser) - The acting chief financial officer at Freddie Mac, who hanged himself yesterday, was working nonstop and had recently asked the company for a security detail, colleagues tell the New York Times. David Kellermann was struggling to balance the contradictory demands of investors, regulators, and lawmakers, and coworkers say he had... More »

Fannie Mae Posts Big Loss, Takes $15B in Bailout Cash

(Newser) - Fannie Mae received $15 billion from Uncle Sam last night after reporting a $25.2 billion fourth-quarter loss, the Washington Post reports. The loss, caused mostly by sinking mortgage-related investments, brought the company’s 2008 losses to $59 billion. This marks the first time Fannie has dipped into its potential... More »

Stocks Keep Good Vibes Going

Stocks climb as investors are cheered by Fed plan to help consumer credit

(Newser) - Stocks continued to rise at the open this morning, with the Dow climbing more than 100 points and the S&P gaining 1.5%, as investors cheered the Treasury and Fed’s new program to boost consumer credit, the Wall Street Journal reports. The Nasdaq, however, was off slightly. The... More »

3 Stories