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McCain: "We Will Not Allow" Fannie and Freddie to Fail
Summary from multiple countries, from articles in English
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The word began spreading across Wall Street trading desks on Monday morning: Fannie Mae and Freddie Mac might be in trouble. (article 5)
The Senate moved ahead with a housing-rescue bill on Thursday just as the mortgage giants Fannie Mae and Freddie Mac seemed to be reeling and in dire need of a helping hand. (article 3)
Shares in both companies have plunged throughout the week and on Thursday hit their lowest since 1991, severely limiting their ability to raise the capital they will need to purchase home loans and hold down mortgage rates. (article 12)
WASHINGTON - A long-stalled mortgage rescue inched Thursday toward Senate passage, only to be sent back to the House for more votes and intense negotiations to resolve disputes that are delaying help for hundreds of thousands of homeowners. (article 1)
Wall Street stocks shrugged off a run on Freddie Mac and Fannie Mae shares and a spike in oil prices on Thursday to rally modestly as deal news cheered investors. (article 13)
Drops in the share prices of the top US mortgage finance providers Freddie Mac and Fannie Mae have shaken confidence and hit shares in Asia and Europe. (article 11)
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Other summaries about this story:
Other stories about Fannie, Freddie and Bernanke:
Event tracking:
Story keywords
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Fannie, Freddie, Bernanke, Financial, Fed |
Source articles
- Congress wrangles over bill to help homeowners (seattletimes.nwsource.com, 07/10/2008, 732 words)
- Congress wrangles over bill to help homeowners (Washington Post, 07/10/2008, 375 words)
- Housing-Rescue Bill Advances in Senate (nytimes.com, 07/11/2008, 478 words)
- How to fix Fannie Mae and Freddie Mac: nationalize 'em (latimesblogs.latimes.com, 07/10/2008, 557 words)
- A Trickle That Turned Into a Torrent (nytimes.com, 07/11/2008, 1535 words)
- Fannie, Freddie sink on government rescue fears (seattletimes.nwsource.com, 07/10/2008, 865 words)
- U.S. Weighs Takeover of Two Mortgage Giants (nytimes.com, 07/11/2008, 1814 words)
- Fannie, Freddie rise after dive a day earlier (Washington Post, 07/10/2008, 437 words)
- McCain: Mortgage giants can't be allowed to fail (seattletimes.nwsource.com, 07/10/2008, 225 words)
- McCain: "We Will Not Allow" Fannie and Freddie to Fail (CBS News, 07/10/2008, 187 words)
- Shares in top US lenders plummet (BBC News, 07/08/2008, 384 words)
- Fannie, Freddie stocks and bonds plummet (Washington Post, 07/10/2008, 342 words)
- Wall St shrugs off sell-off in financials (ft.com, 07/10/2008, 120 words)
- It's no bull: S & P 500 in bear turf (L.A. Times, 07/10/2008, 806 words)
- Treasurys little changed as stocks finish higher (seattletimes.nwsource.com, 07/10/2008, 288 words)
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blaster@cs.columbia.edu
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