Highlights
A collection of news and information related to Fannie Mae published by Tribune Company sources.
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Wells Fargo 3rd-qtr profit dips 23 percent on investment writedowns, beats analysts' estimates
SAN FRANCISCO (AP) _ Wells Fargo says third-quarter profit fell 23 percent as it took losses on investments in troubled financial companies. Results, however, topped analysts expectations. The San Francisco bank says it earned $1.64 billion, or 49...Tags: Wachovia Corp., Citigroup Incorporated, Lehman Brothers Holdings Incorporated, Freddie Mac
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Wells Fargo 3rd-qtr profit dips 25 percent on investment writedowns, beats analysts' estimates
AP Business WriterNEW YORK (AP) _ Wells Fargo said Wednesday its third-quarter profit fell 25 percent as it took hits on investments in troubled finance companies and increased its credit reserves, but results were better than analysts had expected. For the July-to-...Tags: J.P. Morgan Chase & Co., Citigroup Incorporated, Banking, Credit and Debt, Wachovia Corp.
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JPMorgan Chase beats estimates with an 84 pct profit drop, revenue is worse than expected
AP Business WriterNEW YORK (AP) _ JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans. Profit at the New York-based bank, considered one of the stronger players in...Tags: J.P. Morgan Chase & Co., Credit Ratings, Business Institutions, American International Group, Credit and Debt
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ACORN, villain or victim?
The Swampby Frank James ACORN, the community organizing group, has become the incarnation of all that is unholy for many Republicans who accuse it of doing two things: trying to steal the presidential election for Sen. Barack Obama and causing the......Tags: News Media, Government, National Government, Chicago Mortgages, Employees
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Hank Williams Jr. sings McCain's praise
The Swampby Frank James Country star Hank Williams Jr. has penned a tune for Sen. John McCain and Gov. Sarah Palin callled "McCain-Palin Tradition." Williams managed to get in the McCain campaign's talking points, of last week at least, that......Tags: Bill Clinton, Hank Williams, Sarah Palin, Republican National Conventions, Government
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McCain's team also tied to Fannie, Freddie
The writer of the letter "All-American Palin a breath of fresh air" (Oct. 14) says, "Sen. Barack Obama is up to his neck in unsavory connections to the overwhelming Fannie Mae/Freddie Mac disaster," but fails to mention that Rick Davis, one of Sen. John...Tags: John McCain, Barack Obama, Pikesville, Freddie Mac
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Government stake in banks is portrayed as last-resort move but has many historical precedents
Associated Press WriterWASHINGTON (AP) _ For all the thorny free-market issues raised, the big U.S. intervention in banks does have precedents — from wholesale wartime takeovers of entire industries to the seizing of hundreds of failed savings and loans in the 1980s. Most...Tags: Metal and Mineral, The White House, Foreclosures, Railway Transportation, National Government
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We think: Democrats, Republicans both contributed to the current financial crisis
In a crisis as big as the one that has shaken the U.S. economy, finger pointing is inevitable, especially among presidential candidates in the home stretch of a campaign. Democrat Barack Obama has put much of the blame on Republicans, including John...Tags: Phil Gramm, John McCain, Barack Obama, Government, National Government
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Obama is condescending, 'too smooth'
For months now, I have been trying to put my finger on what it is about Sen. Barack Obama that makes me feel so uneasy. Sen. John McCain and Gov. Sarah Palin have started to list some of the items that I had already considered; 1960s unrepentant radical...Tags: Sarah Palin, Columbia University, John McCain, Barack Obama
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Free financial counseling this weekend
eden.laikin@newsday.comFree financial counseling, aimed at helping residents keep their homes in the midst of the current economic crisis, will be available starting Friday and continuing through the weekend in Hempstead Village, courtesy of the nonprofit Family & Children's...Tags: Hempstead (Hempstead, New York), Mineola, Mortgages, Elmont, Freddie Mac
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LETTERS
Clear ways to help Main Street This economic fiasco is drastically affecting all of us. As a retired teacher, I am watching with horror as my hard earned tax-deferred investments spiral downward. Sen. John McCain suggested suspending for one year the...Tags: Sarah Palin, Weather Underground, Rockville (Montgomery, Maryland), History, George Bush
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ALL BUSINESS: Government trots out new fix for financial crisis; investors hope this one works
AP Business WriterNEW YORK (AP) _ Three weeks ago, Treasury Secretary Henry Paulson called the notion that the government would buy stakes in banks to save them a "failure." What a difference 21 days and $2.4 trillion dollars in lost value from pension funds, college...Tags: Colleges and Universities, Stock Market, Labor Day, Federal Reserve, Stock Broking
Oct 15, 2008
|Story| Associated Press
Oct 15, 2008
|Story| Associated Press
Oct 15, 2008
|Story| Associated Press
Oct 15, 2008
|Blog| Chicago Tribune
Oct 15, 2008
|Blog| Chicago Tribune
Oct 15, 2008
|Story| Baltimore Sun
Oct 14, 2008
|Story| Associated Press
Oct 15, 2008
|Story| Orlando Sentinel
Oct 15, 2008
|Story| Allentown Morning Call
Oct 15, 2008
|Story| Newsday
Oct 15, 2008
|Story| Newsday
Oct 14, 2008
|Story| Associated Press
