Highlights
A collection of news and information related to Federal Reserve published by Tribune Company sources.
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Freddie Mac overstated capital base
New York Times News ServiceThe government's planned takeover of Fannie Mae and Freddie Mac, expected to be announced as early as Sunday, came together hurriedly after advisers poring over the companies' books for the Treasury Department concluded that Freddie's accounting methods...Tags: Fannie Mae, Homes, Business, Investments, Morgan Stanley Dean Witter & Company
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Mystery Review: 'Takeover' by Lisa Black
Mystery Fiction ColumnistLisa Black heightens the suspense and breathes new life into the classic hostage thriller that's been a mainstay of dozens of novels, plays and just about every Bruce Willis movie. In Takeover, Black's frenetic plot starts strong and never wavers through...Tags: Bruce Willis, Leesburg, Mergers, Acquisitions and Takeovers, Mount Dora
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Worthy Credit Cards, And 3 To Avoid
Consumer Reports recently analyzed hundreds of credit cards and named a dozen that are worthy of consumers' attention — and three to stay away from. Among the best credit cards for low-rate/low-fee are Capital One Platinum Prestige, Clear from...Tags: Money and Monetary Policy, Credit and Debt, Consumers, Interior Policy, American Express Company
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The zigzag economy
When a sailboat is headed into the wind, it doesn't move on a straight course: It has to zig and zag to make progress. Right now, the U.S. economy is operating like a sailboat. Every time you think you know its direction, it changes. But so far, it...Tags: Cato Corporation, Unemployment, Petroleum Industry, Government, National Government
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Officials announce U.S. takeover of 2 mortgage giants
Associated PressThe Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. Officials announced that the executives of both...Tags: Credit and Debt, Fannie Mae, Freddie Mac, US Bancorp (Delaware), Mortgages
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Let's skip biography and get to economy
No wonder both presidential candidates are promising change. Even the stupid don't need to be reminded that, yet again, it really is the economy that will dominate voters' concerns. Especially the last couple of days. After a fortnight of diverting...Tags: Energy, Homes, Productivity, Stocks, Defense
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Out of work? More trouble is lining up
Chicago Tribune correspondentSeated beside a blue-jeans display at the Gap along North Michigan Avenue on Friday, Armando Torres filled in the last box of his application, then marched up three flights of stairs to join his fellow job seekers. The job fair at this busy downtown...Tags: Sales, Unemployment, Labor Markets, Manpower Incorporated, Chicago Jobs
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Report: Government May Soon Back Fannie, Freddie
Associated PressShares of mortgage finance companies Fannie Mae and Freddie Mac tumbled in after-hours trading Friday after a report by The Wall Street Journal said that the government may soon step in to provide a financial boost to the two companies. Details of the...Tags: Contracts, Fannie Mae, Government, Morgan Stanley Dean Witter & Company, Regulatory Policy and Organizations
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U.S. job losses point to economy in recession
carrie.mason-draffen@newsday.comThe U.S. economy turned in a worse performance than economists had predicted for August, with bigger job losses and the highest unemployment rate in five years. The latest report once again raised the specter of a recession. The nation lost 84,000...Tags: Long Island, Employment, Job Layoffs, Unemployment, Business
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U.S. plans mortgage bailout
New York Times News ServiceWASHINGTON — Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place...Tags: Heads of State, Fannie Mae, George Bush, Freddie Mac, Stocks
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Banks borrow more money from Fed lending program
WASHINGTON Banks borrowed more over the past week from the Federal Reserve's emergency lending program, while Wall Street firms took a pass for the fifth week in a row. A Fed report released Thursday said commercial banks averaged $18.98 billion in... -
Wall St. mixed, traders edgy
Associated PressWall Street finished mixed in fickle trading yesterday, with investors unsettled about the economy ahead of tomorrow's employment report and only somewhat relieved about sliding commodities prices. The Commerce Department said orders for manufactured...
Sep 7, 2008
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Sep 6, 2008
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