Mortgage and Financial News From 2008-4-4 Page 8
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Market 'reforms' a gift to Wall St. (MSN Money Canada)
The Treasury chief's plan wouldn't fix the problems underlying today's financial crisis. Plus, is it wise to give the Fed -- clearly asleep at the switch -- more authority?
2008-04-04 11:51:58 -
Governor Randall S. Kroszner (Federal Reserve Board)
Strains in global financial markets first became manifest last summer, when sharply rising delinquency rates on subprime mortgages in the United States caused investors to become concerned about the credit quality of home mortgages more broadly and about the exposures of major financial institutions to credit losses.
2008-04-04 11:53:35 -
Fix Causes, Not Symptoms, of Economic Crisis (The Hillsboro Argus)
The saying goes: "Fool me once, shame on you. Fool me twice, shame on me." You would think that after the S&L scandal during the late 1980s our government regulators (Congress) would have learned a valuable lesson and worked out a solution.
2008-04-04 12:05:03 -
Investors Stalk the Wounded of Wall Street (NYTimes.com via Yahoo! Finance)
Market opportunists are buying up the mortgages of hard-pressed homeowners and companies.
2008-04-04 10:40:27 -
The Regulatory Failure Behind the Bear Stearns Debacle (NYTimes.com via Yahoo! Finance)
Bear Stearns never ran short of capital. It just could not meet its obligations. At least that is the view from Washington.
2008-04-04 10:40:27 -
RMG Capital Corporation Announces 2007 Financial Results (Marketwire via Yahoo! Finance)
RMG Capital Corporation, the holding company for Fullerton Community Bank, F.S.B. in Fullerton, California, announced today their 2007 financial results.
2008-04-04 10:43:00 -
Brown Steps Up Calls for Global Agreement on Banking Rules (Bloomberg.com)
April 4 (Bloomberg) -- Prime Minister Gordon Brown stepped up his calls for world leaders to tighten regulation of the banking industry after a worldwide surge in borrowing costs curbed mortgage lending in the U.K.
2008-04-04 10:43:37 -
(AFX UK Focus) 2008-04-04 18:18 GMT: ALL BUSINESS: Fed's big gamble (Interactive Investor)
NEW YORK (AP) - While the rest of the marketplace sees mortgage-backed securities as radioactive, Ben Bernanke doesn't -- at least when taxpayers' money is at stake.
2008-04-04 10:47:45 -
Carnival of Space #48 (Universe Today)
Slightly delayed, but the Carnival of Space is here again. This week, it's hosted over at Next Big Future, with entries on dusty red dwarfs, classic science fiction movies and the trouble with telling the difference between Mars and Arizona. Click here to read the Carnival of Space #48 And if you're interested in looking back, here's [...]
2008-04-04 11:00:34 -
Inflationary Losers in the Great Solvency Slump (GoldSeek.com)
"...Counting the winners and losers of the Great Solvency Slump so far – and guessing at the big winners to come..."
2008-04-04 11:00:55 -
News Headlines (HispanicBusiness.com)
Quick: An estimated 1.1 million people have joined the U.S. jobless rolls over the past year, resulting in a rise in the unemployment rate to 5.1 per cent in March, the U.S. government said Friday. The figure adds another piece to the overall contracting economic picture in the country.
2008-04-04 11:10:50 -
Blyth, Inc. Comments On Fiscal Year 2009 Outlook (PrimeNewswire via Yahoo! Finance)
GREENWICH, Conn., April 4, 2008 -- Blyth, Inc. , a leading designer and marketer of home fragrance and home decor products, today commented on its outlook for fiscal year 2009. Normalized Earnings Per Share are expected to be in the range of $1.45 to $1.50 for fiscal year 2009.
2008-04-04 05:01:00 -
India Inflation at 3-Year High; Crackdown on Hoarding (Update4) (Bloomberg.com)
April 4 (Bloomberg) -- India's inflation accelerated to the fastest pace in more than three years, underscoring a threat from rising food prices that prompted the government to announce a crackdown on hoarding.
2008-04-04 05:38:54 -
NEW ENVOY TO AFGHANISTAN SEEKS BIGGER UN ROLE (Radio Free Europe: Radio Library)
The new UN envoy to Afghanistan, Kai Eide, said that the United Nations should take a bigger role in Afghanistan and work harder with NATO to overcome "fragmentation" in international efforts to stabilize the country, AP reported on April 3. "There is a desire for a stronger UN and for more UN, and we will certainly try to live up to that," Eide said.
2008-04-04 05:43:56 -
Remarks by President Bush and Romanian Prime Minister Popescu-Tariceanu After Meeting (Business Wire via Yahoo! Finance)
BUCHAREST, Romania----Victoria Palace Bucharest, Romania
2008-04-04 05:49:00