Thursday, January 8, 2009

Wall Street

USN Current Issue

NYU Loses $24 Million to Madoff

College is suing its fund managers. more >>

Best Move of 2008: Letting Lehman Fail

The Lehman Brothers collapse might not have been as damaging as Wall Street assumes. more >>

Amid Financial Scandals, Three Candidates for SEC Chairman

Obama's pick will play a role in cleaning up the mess on Wall Street. more >>

The 10 Dopiest Business and Economy Leaders of 2008

From Madoff to Mozilo, they're all here. more >>

Bank Failure Tally Reaches 23 for 2008

Small Georgia bank is the latest to go belly up this year. more >>

Ben Bernanke’s Christmas Gift: Mortgage Refis

Mortgage applications jump after Fed moves send rates plummeting. more >>

Bad Mortgage Tally Could Jump Next Year

A TransUnion report says delinquency pain will increase in 2009. more >>

Ben Bernanke: Fresh Attack on Mortgage Rates

Fed says it may begin buying long-term Treasuries. more >>

Financial Turmoil Hits Donald Trump’s Casinos

Economic troubles are now hurting even “the Donald.” more >>

Third-Quarter Banking Report

Nine banks failed in the third quarter, the highest quarterly total in 15 years. more >>

Fed Attacks Mortgage Rates: 4 Things to Know

New program aims to make home loans cheaper for prospective buyers. more >>

Citigroup’s (Second) Bailout: 7 Things to Know

The feds will put $20 billion more into the struggling financial giant. more >>

Financial Crisis: Terms You Need to Know

A guide to the lexicon of market turmoil. more >>

Money Talk: Economic Lexicon

Definitios of common economic terms to help wade through talk surrounding the financial crisis. more >>

Credit Contraction: How it Became Scarce and the Plan to Revive it - US News and World Report

3 Quick Steps For the Economy

How we got here, and what we need to do—now—to start to turn this crisis around. more >>

Are Bailout Funds for Foreclosure Mitigation? Frank Vs. Paulson

The two disagree about whether TARP cash should be used to keep distressed borrowers in their homes. more >>

Bush Team Reportedly Won’t Request More Bailout Cash

The development puts the issue in Barack Obama’s hands more >>

Lawmaker Pushing to Freeze Remaining Bailout Funds

Senator Inhofe wants financial rescue payments halted more >>

FDIC Chief Sheila Bair on Her New Anti-Foreclosure Plan

Agency chairman discusses the program she detailed last week more >>

Freddie Mac May Need $50 Billion From Feds Next Year

Earnings losses could reach $40 billion in 2009, analyst says more >>

Detroit Bailout? Barney Frank Vs. Richard Shelby

Leading Congressmen take opposing sides of the debate more >>

Has Wall Street Hit Rock Bottom Yet?

But how will Wall Street react to the news? more >>

Why Sheila Bair is Showing Up Hank Paulson

FDIC head has released the details of her foreclosure plan even though Treasury doesn’t support it more >>

Freddie Mac to Hank Paulson: $14 Billion Please…

Mortgage finance giant is asking for government cash as its net worth goes negative more >>

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