Mortgage and Financial News From 2008-1-28 Page 5

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  • Bush stresses economy, Iraq (Florida Today)

    Bush urges economic action, perseverance in Iraq.
    2008-01-28 10:32:42

  • Mr. Homeowner Goes From Foreclosure to No House Payment and Huge ... - Emailwire

    Mr. Homeowner Goes From Foreclosure to No House Payment and Huge ...Emailwire - 14 minutes agoA reverse mortgage lets an owner convert home equity into cash; unlike a traditional home equity loan or second mortgage, however, no repayment is required ...
    2008-01-28 10:45:52

  • Fed’s tonic for economic ills, interest rate cuts, does not come without risks (Lincoln Journal Star)

    WASHINGTON — Lowering interest rates — the Federal Reserve’s tool for bracing the wobbly economy — is not without risk. Fed Chairman Ben Bernanke and his colleagues are expected to cut rates by as much as one-half of a percentage point at their regularly scheduled meeting this week.
    2008-01-28 10:35:52

  • CAMPAIGN PAINKILLER - The Indypendent

    CAMPAIGN PAINKILLERThe Indypendent, NY - 3 minutes agoSeveral people in New Hampshire told me they agreed with him most but wouldn’t waste their vote on a “second-tier candidate,” and the Nation conceded that ...
    2008-01-28 10:56:27

  • Bush urges endurance in repairing economy (Asheville Citizen-Times)

    The speech, infused with the themes of trust and citizen empowerment, was meant to push forward unfinished business on the economy, education, foreign policy, national security and trade without advancing any major new initiatives.
    2008-01-28 10:59:12

  • Societe Generale trader faces preliminary charges but not fraud, forgery (Austin American-Statesman)

    PARIS — Investigating judges filed preliminary charges Monday against a trader accused of causing billions of dollars in losses for France's second-largest bank. He was released from custody while the investigation continues.
    2008-01-28 09:33:13

  • Big man Shaq's monthly bills = whopping $1.3 mil (San Diego Union-Tribune)

    It takes a big man with deep pockets to spend $1.3 million a month – on expenses so extravagant they'd make Paris Hilton jealous.
    2008-01-28 09:43:42

  • Legg Mason Names Fetting CEO as Fund Sales, Returns Trail Peers (Bloomberg.com)

    Jan. 29 (Bloomberg) -- Legg Mason Inc., the second-largest publicly traded money manager in the U.S., named Mark Fetting chief executive officer, succeeding Raymond Mason, as it seeks to reverse investor outflows and improve subpar fund returns.
    2008-01-28 09:52:01

  • European, Asian markets slide on US recession fears (Savannah Morning News)

    LONDON - Global market turmoil extended into a second week as European and Asian markets tumbled Monday in the wake of Wall Street's drop on Friday amid persistent worries about a possible U.S. - and worldwide - economic slowdown.
    2008-01-28 09:53:16

  • Weak Real Estate Market Translates To Poor Bottom Line (The Memphis Daily News)

    Without polling every Realtor in town or reviewing their tax returns, it's impossible to know exactly how much money each one of them gained or los....
    2008-01-28 10:12:30

  • Latest News: WSJ leaving Wall St. for uptown digs (Pioneer Press)

    The Wall Street Journal miles away from Wall Street? Covering sports? Yes, the paper that has chronicled business from lower Manhattan for 119 years is making plans to start a sports page and move to the midtown offices of its new corporate parent, News Corp., according to people briefed on the matters. Seven weeks after taking over the Journal, Rupert Murdoch, the chairman and chief executive ...
    2008-01-28 10:27:11

  • Merrill Lynch Co-President Will Leave (NYTimes.com via Yahoo! Finance)

    The brokerage house said Monday that Ahmass L. Fakahany would leave effective Feb. 1 as the firm builds a new management team.
    2008-01-28 10:39:58

  • Asian Stocks Gain on U.S. Interest Rate Speculation, Earnings (Bloomberg.com)

    Jan. 29 (Bloomberg) -- Asian stocks rebounded on speculation the Federal Reserve will cut U.S. interest rates to bolster growth and after brokerages raised their ratings on Toyota Motor Corp. and Isuzu Motors Ltd.
    2008-01-28 10:49:19

  • Recession prevention

    Los Angeles Times - ... ability to affect the economy. Later in the week, they'll discuss the mortgage ... John Maynard Keynes' 1936 book, "The General Theory of Employment, Interest, and ... Normally, the only way to grow the economy is the old-fashioned way: delaying ...
    2008-01-28 12:18:00

  • What Grads Need To Know About Finances

    Forbes - If only they had known how important it is to make good decisions in these early-year financial matters! This article ... Good debt is typically less expensive than bad debt--mortgage interest rates typically are much lower than credit card interest ...
    2008-01-28 03:53:00

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