Fla. local government fund to reopen
Fla. local government fund to reopen
Baltimore Sun - The recent $10 billion run on the fund was caused by a panic over the safety of certain mortgage-backed securities. Florida’s local governments are just the latest investors to hit trouble from investing in complex securities that are backed by
Dollar edges up vs euro before U.S. jobs data
Reuters - The dollar has clawed back from record lows hit against the euro last month on rising hopes for a resolution of this year’s credit troubles, helped by news such as a White House plan to limit mortgage defaults announced on Thursday. “The dollar’s had
South Korea holds key interest rate steady amid uncertain outlook for
International Herald Tribune - The bank said in an accompanying statement that economic growth will likely sustain its upward momentum on strong exports and a recovery in domestic demand if external risks such as high oil prices and the U.S. subprime mortgage collapse don’t worsen
Blazers Hand Heat Fourth Straight Loss
FOX News - PORTLAND, Ore. — Brandon Roy had 25 points, Travis Outlaw had 20 and the Portland Trail Blazers beat Miami 112-106 Girl, 7, Shot 6 Times While Protecting Mother Bush Mortgage Plan Will Freeze Certain Subprime Interest Rates for 5 Years Jenna Bush
Battle Lines Form Over Mortgage Plan
Wall Street Journal - WASHINGTON — In unveiling a plan to help more than one million struggling homeowners, the Bush administration and the mortgage industry have embarked on a controversial project: picking winners and losers from the rubble of the subprime-mortgage
JGBs slip ahead of U.S. jobs data, off 1-month low
Reuters - That came after a plan to help the ailing U.S. subprime mortgage market reduced expectations of aggressive interest rate cuts by the Federal Reserve next week. Players began dumping JGBs from mid-week as optimism emerged about progress in the U.S
Critics slam Bush’s mortgage plan
News.com.au - A SENIOR manager at the world’s biggest bond fund criticized a federal mortgage rescue plan as short-sighted and said US home prices may not hit bottom until 2010. US home prices may fall as much as 30 per cent from the market’s peak in some areas
