"We make offers on muni bonds for very short periods of time"
Warren Buffett has withdrawn his offer to reinsure $800 billion of municipal bonds guaranteed by MBIA Inc., Ambac Financial and FGIC, the billionaire chairman of Berkshire Hathaway said on Monday. via MarketWatch
NEW YORK (Reuters) - New York Attorney General Andrew Cuomo on Monday will announce a deal with Fannie Mae and Freddie Mac aimed at stamping out inflated home appraisals, sources close to the negotiations said.
Cuomo's office said U.S. Senator Charles Schumer and industry representatives also will speak at the announcement. Sources close to the negotiations said that Cuomo has reached a deal with the nation's two largest sources of mortgage finance that would put home appraisers at arm's length from mortgage lenders. Read more
The Dow and the S&P 500 were little changed as record oil prices pushed energy shares higher, but worries about the economy weighed on the banking sector. via Reuters Video
The Dow and the S&P 500 were little changed as record oil prices pushed energy shares higher, but worries about the economy weighed on the banking sector. via Reuters Video
"I think that fact that the market might not be drastically declining at this point is because of the fact of the number from the ISM, even though they showed contraction, were slightly better than the market expected."
Stocks traded lower Monday as investors digested a manufacturing report that was weak but not as bad as many on Wall Street had feared, and also absorbed another a disappointing construction sector report. via Fort Worth Star-Telegram
"It's coming down to another commodity price rally"
High gas prices are posted at a Shell gas station in Menlo Park, Calif., Friday, Feb. via The Wichita Eagle
"It's coming down to another commodity price rally"
High gas prices are posted at a Shell gas station in Menlo Park, Calif., Friday, Feb. via The Wichita Eagle
"As the end of the brokers' fiscal first quarter drew to a close last Friday, the capital markets environment can now officially be called rotten for first quarter earnings"
Financial stocks lost ground Monday as investors continued to grapple with recession fears and troubled Thornburg Mortgage Inc. via MarketWatch
U.S. stocks fell in early trading Monday as investors awaited figures on manufacturing and construction spending to gain a better sense of how the economy is faring. via Victoria Advocate
U.S. stocks fell in early trading Monday as investors awaited figures on manufacturing and construction spending to gain a better sense of how the economy is faring. via Victoria Advocate
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