Blockbuster: McCain campaign manager took Freddie money up until last month

Posted by Financial Service News on September 24th, 2008

By: SilentPatriot on Wednesday, September 24th, 2008 at 9:00 AM - PDT The New York Times and Newsweek are reporting that McCain campaign manager Rick Davis was paid $15,000 a month by Freddie Mac as recently as ...

Text of Bush’s speech on crisis

Posted by Financial Market News on September 24th, 2008

Bush poses for photos moments after speaking to the nation in which he said: "We're in the midst of a serious financial crisis." AP VIDEO: Bush's speech Text of President Bush's speech Wednesday night on the ...

Stocks fluctuate after Buffett-Goldman deal

Posted by Financial Service News on September 24th, 2008

Warren Buffett is buying a stake in Goldman Sachs. Financial markets were tense Wednesday, with stocks fluctuating following investor Warren Buffett 's decision to invest $5 billion in Goldman Sachs Group Inc.

Oil rises near $108 as investors eye supply drop

Posted by Financial Market News on September 24th, 2008

Oil prices rose near $108 a barrel Wednesday as traders shifted focus from U.S. economic woes to tightening global crude supplies amid a drop in output from the Gulf of Mexico and overseas.

Bush said considering speech to nation on economy

Posted by Financial Market News on September 24th, 2008

Federal Reserve Chairman Ben Bernanke declared Wednesday that economic growth depends on stabilizing stressed financial institutions as the White House said President Bush was weighing a speech to the nation on ...

Markets: What You Should Be Watching Now

Posted by Financial Market News on September 24th, 2008

Big financial companies appear to be falling like dominoes as the credit crisis intensifies.

Federal Reserve plows $30 billion into money markets overseas to ease credit stresses

Posted by Financial Market News on September 24th, 2008

The Fed's action - taken at 1 a.m. EDT - sets up temporary "swap" arrangements to supply dollars to the central banks of Australia, Denmark, Norway and Sweden in exchange for their currencies.

Berkshire buying $5 billion stake in Goldman Sachs

Posted by Financial Market News on September 24th, 2008

In this May 21, 2008 file photo, U.S. Billionaire investor Warren Buffet speaks during a news conference in Madrid.


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