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Fannie, Freddie sink on government rescue fears
Summary from United States, from articles in English
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Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson both testified before the House Financial Services Committee that the government's overhaul of regulators will help increase oversight. (article 2)
Lehman Brothers, the nation's fourth-largest investment bank, is seen by many analysts to be the weakest of Wall Street's biggest firms. (article 2)
Concerns emerged about Lehman's liquidity and leverage last month after the investment bank reported an unexpected $3 billion loss for the second quarter. (article 2)
Such procedures, which are in place for commercial banks, might have made the dissolution of investment firm Bear Stearns more orderly. (article 5)
Lehman Brothers, Wall Street's favorite punching bag, took another beating on Thursday as jittery investors fretted over problems at home-loan giants Fannie Mae and Freddie Mac and absorbed regulators' statements that they would not bail out all financial institutions. (article 1)
The cost of insuring Lehman's senior unsecured debt, a barometer keenly watched by traders, reached its highest levels on Thursday since the Bear Stearns collapse in March. (article 1)
Bernanke said authorities were doing everything possible within their existing authority to settle markets roiled by a credit crunch. (article 3)
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Other stories about Fannie, Freddie and companies:
Event tracking:
Story keywords
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Fannie, Freddie, companies, Mae, Mac |
Source articles
- Shares of Lehman Brothers Take a Beating (nytimes.com, 07/11/2008, 818 words)
- Lehman tumbles to new low on more credit fears (Washington Post, 07/12/2008, 380 words)
- U.S. needs financial regulatory overhaul: officials (Washington Post, 07/10/2008, 320 words)
- Fannie, Freddie sink on government rescue fears (Washington Post, 07/12/2008, 399 words)
- Fed chief: Gov't needs more power when firms fail (Washington Post, 07/12/2008, 482 words)
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blaster@cs.columbia.edu
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