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Statement on Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers (Washington Post)
Good morning. I'm joined here by Jim Lockhart, Director of the new independent regulator, the Federal Housing Finance Agency, FHFA.
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Second Finance Minister: Gov't Has Mechanism To Ensure People Live Comfortably (Bernama)
SEBERANG JAYA (Malaysia), Sept 8 (Bernama) -- The government has its own mechanism in determining its budget to ensure the people are able to live comfortably and not be burdened with financial problems, Second Finance Minister Nor Mohamed Yakcop said.
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Rising debt levels still manageable – Finance (Yehey!)
The Philippines’ debt levels will rise next year, the Department of Finance warned. Finance Secretary Margarito Teves said the country’s obligations to domestic and foreign lenders however will grow at a slower pace of 1.4 percent from 4 percent this year.
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puzzles of Chinese politics, society, jobs, economy and finance (cmi santiago)
how to manage borderless world of banking, wealth, labor, investment, finance, entrepreneurship, competition and politics? How to face emerging nations China, India, Latin America and Africa? Get insights from a leading strategist George Zhibin Gu.
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A Former Finance Chief Takes the Reins at Freddie Mac (New York Times)
David M. Moffett, who was appointed chief executive of Freddie Mac on Sunday, helped transform U.S. Bancorp from a small Ohio bank into the nation?s sixth biggest lender.
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Government takes over finance firms (Gulf Daily News)
WASHINGTON: The US government yesterday seized control of mortgage finance companies Fannie Mae and Freddie Mac in an aggressive move to help the distressed US housing market and economy.
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With rescue plan, US takes giant step into housing, finance (AFP via Yahoo! News)
In rescuing Fannie Mae and Freddie Mac, the US government is taking an unprecedented step into the financial sector in a bid to steady an ailing housing market and ease a global credit crunch, analysts said.
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US takes over Fannie, Freddie in bid to ease finance crisis (AFP via Yahoo! News)
The US government took over ailing mortgage giants Fannie Mae and Freddie Mac on Sunday and placed them in a "conservatorship" in a bid to avert a financial system meltdown from the housing crisis.
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Alderman faces sanctions for late campaign finance reports (The Capital)
Alderman Sam Shropshire may face sanctions for failing to file his campaign finance reports on time. Mr. Shropshire, D-Ward 7, will appear before the Board of Supervisors of Elections on Tuesday to explain why he has yet to file a full finance report.
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Statement by the President on appointing new leadership by the Federal Housing Finance Agency (White House News)
Today, the Federal Housing Finance Agency (FHFA), the regulator of Fannie Mae and Freddie Mac, determined that these housing mortgage companies cannot continue to operate safely and soundly, and fulfill their public mission -- posing an unacceptable risk to the broader financial system and our economy. FHFA announced that it will place the companies in conservatorship and appoint new leadership.
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