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September 15, 2008 |
Lehman: Biggest Bankrupcy in History
CNNMoney
Lehman Brothers Holdings Inc. (LEH) filed for Chapter 11 bankruptcy Monday in New York, listing debts of $613 billion and naming as unsecured creditors owed hundreds of millions of dollars banks from Tokyo, Hong Kong, New York, Singapore and Taipei, among others. |
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September 15, 2008 |
European central banks say they're ready to act
Int'l Herald Tribune
As European stock markets opened sharply down Monday, major central banks said that they were braced to intervene to stabilize money markets after the upheaval on Wall Street. |
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September 15, 2008 |
Is anyone left to save WaMu?
CNNMoney
Don't forget about Washington Mutual. Concerned that Wall Street has done just that, the nation's largest savings-and-loan plummeted 24% in early market trading. |
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September 15, 2008 |
Revealed: UK’s first official sharia courts
TimesOnline (UK)
ISLAMIC law has been officially adopted in Britain, with sharia courts given powers to rule on Muslim civil cases. |
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September 15, 2008 |
WaMu Rating Lowered to Junk by S&P on Mortgage Losses
Bloomberg
Washington Mutual Inc., the biggest U.S. savings and loan, had its credit rating cut to junk by Standard & Poor's because of the deteriorating housing market. |
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September 11, 2008 |
Don't Bail Them Out
Miscellaneous
Because of government intervention during the Great Depressions, what might have lasted a year to 18 months instead lasted 16 years. |
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September 11, 2008 |
WaMu on the ropes?
Yahoo! News
Washington Mutual Inc (NYSE:WM - News) shares plunged as much as 25 percent to less than $2 for the first time since 1990 as investors worried about the credit loss and survival prospects for the largest U.S. savings and loan. |
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September 10, 2008 |
Fannie, Freddie Takeover Jolts Preferred Market as Prices Fall
Bloomberg
Treasury Secretary Henry Paulson's takeover of Fannie Mae and Freddie Mac is roiling the market for preferred securities. |
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September 08, 2008 |
CEO: Fannie/Freddie Bailout Makes America 'More Communist than China'
Miscellaneous
Has America created its own variety of communism with the U.S. Treasury Department’s bailout of two beleaguered government-sponsored enterprises (GSEs), Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE)? According to Rogers Holding CEO Jim Rogers, the answer is yes. |
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September 07, 2008 |
Paulson Engineers U.S. Takeover of Fannie, Freddie
Bloomberg
The U.S. government seized control of Fannie Mae and Freddie Mac after the biggest surge in mortgage defaults in at least three decades threatened to topple the companies making up almost half the U.S. home-loan market. |
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