bailout

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Paulson's Imprimateur on Freddie/Fannie Rescue

Madcap weekend recasts Treasury Secretary in Clintonian mold

(Newser) - Henry Paulson had a very busy weekend. The treasury secretary had been formulating contingency plans for bailing out beleaguered Fannie Mae and Freddie Mac for weeks, but Friday’s crisis came before those plans were in place, the Wall Street Journal reports in a reconstruction of events leading to the...

Fannie, Freddie Edge Back From the Brink
Fannie, Freddie Edge Back
From the Brink
ANALYSIS
Jul 12, 2008 7:11 AM CDT

Fannie, Freddie Edge Back From the Brink

Panic eases after turbulent trading, but big test is yet to come

(Newser) - Fears of a collapse of Fannie Mae or Freddie Mac finally eased yesterday after a stomach-churning rollercoaster ride that saw a 50% nosedive for the mortgage giants in early trading, writes the Wall Street Journal. A week of panic, prompted in part by reports that the government was preparing rescue...

Italians Impatient With Alitalia Rescue Efforts

Berlusconi's pleas for patriotism fall on deaf ears

(Newser) - Fed up with government efforts to resuscitate Alitalia, many Italians think Rome needs to face reality and let the airline die, Bloomberg reports. PM Silvio Berluconi characterizes Alitalia’s survival as “a matter of national security,” but it hasn't turned a profit in nearly a decade. The latest...

Countrywide 'Bailout' Is Dem Chicanery
Countrywide 'Bailout' Is Dem Chicanery
OPINION
Jun 18, 2008 1:33 PM CDT

Countrywide 'Bailout' Is Dem Chicanery

Left is extending crisis by irresponsibly aiding its pals, Armey says

(Newser) - Congressional Dems are selling their $300 billion bill granting new taxpayer loan guarantees as a boon to homeowners, but Dick Armey sees more cynical motives in the “bailout” legislation. The former House majority leader writes in the Journal, pegging the recent revelations of sweetheart Countrywide loans for top (Dem)...

Site's Grass Roots Planted in Right-Wing 'AstroTurf'

Backed by big names, money, AngryRenter.com poses as underdog foe of mortgage fix

(Newser) - AngryRenter.com might look “underdoggy and grass-rootsy, with a heavy dose of aw-shucks innocence,” the Wall Street Journal reports, but the anti-mortgage bailout website is actually the work of publisher Steve Forbes, former House majority leader Dick Armey and other Republican bigwigs. It’s a paragon of “...

Mortgage Deal Close in Senate
Mortgage Deal Close in Senate
May 15, 2008 1:11 PM CDT

Mortgage Deal Close in Senate

Bipartisan bill would expand insurance for refinanced loans, boost feds' oversight

(Newser) - A Senate committee is close to agreeing on expansion of a government insurance program for refinanced mortgages, the Wall Street Journal reports. Though ridden with partisan conflict as recently as a week ago, staff for Democrat Chris Dodd and Republican Richard Shelby said today the sides were nearing a compromise,...

Move to Nationalize UK Bank Sparks Fury

Shareholders expected to battle public ownership

(Newser) - Furious shareholders concerned about the risk to their investments are blasting the British government's decision to nationalize ailing Northern Rock bank. The British Treasury is expected to face lengthy legal action from investors once the government formally announces details of the takeover today. Trading in bank shares is being suspended,...

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