Written by on Thursday, November 20th, 2008 in Latest News.
Reuters – The global economy saw more signs of distress on Thursday with U.S. stocks plunging for a second consecutive day, oil prices falling, a surprise rate cut in Switzerland, export woes in Japan and rescue loans to Turkey and Iceland.
Original post by Reuters and software by Elliott Back
Written by on Thursday, November 20th, 2008 in Latest News.
Reuters – Fannie Mae and Freddie Mac, the two largest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy.
Original post by Reuters and software by Elliott Back
Written by on Thursday, November 20th, 2008 in Latest News.
Reuters – Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor.
Original post by Reuters and software by Elliott Back
