wosu NewsRoom: Business

Government seizes control of GSEs

wosu — Sun, 07 Sep 2008 16:30:07 GMT

WASHINGTON (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac in an aggressive move to help the distressed U.S. housing market and economy.

Prosecutor becomes figure in mortgage mess

wosu — Sun, 07 Sep 2008 07:52:04 GMT

LOS ANGELES (Reuters) - Thomas O'Brien, the U.S. Attorney for California's Central District, is emerging as a likely prosecutor in criminal cases expected from the U.S. mortgage meltdown.

Battered stocks face another tough week

wosu — Sun, 07 Sep 2008 16:08:03 GMT

NEW YORK (Reuters) - The bears have been in firm control on Wall Street so far in September, and with anxiety about the health of the United States and world economies on the rise, they probably will not choose this week to go into hibernation.

Dollar resurgence and emerging decline

wosu — Sun, 07 Sep 2008 15:52:07 GMT

LONDON (Reuters) - Investors are likely to be wrestling this week with two new factors that have arisen to complicate an already tricky environment -- a sharp about-face in currency trading and signs of trouble in emerging markets.

U.S. takes over Fannie, Freddie

wosu — Sun, 07 Sep 2008 16:30:05 GMT

Government takes over embattled Fannie, Freddie

wosu — Sun, 07 Sep 2008 15:52:05 GMT

Government takes control of embattled Fannie, Freddie

wosu — Sun, 07 Sep 2008 15:08:04 GMT

WASHINGTON (Reuters) - The U.S. government announced on Sunday that it was taking control of troubled mortgage finance giants Fannie Mae and Freddie Mac , effectively wiping out shareholders' interest in the publicly traded companies.

GSE plan expected at Treasury news conference

wosu — Sun, 07 Sep 2008 13:08:03 GMT

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson and Federal Housing Finance Agency Director James Lockhart will hold a news conference at 11 a.m. on Sunday, the Treasury Department said.