US government ‘bazooka’ may save Fannie, Freddie (AFP)
Posted on August 30th, 2008
AFP - Can Treasury Secretary Henry Paulson's "bazooka" save mortgage finance titans Fannie Mae and Freddie Mac from a calamitous meltdown?
AFP - Can Treasury Secretary Henry Paulson's "bazooka" save mortgage finance titans Fannie Mae and Freddie Mac from a calamitous meltdown?
AP - Wall Street tumbled Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. The Dow Jones industrial average fell more than 170 points, while a disappointing profit report from computer maker Dell Inc. weighed on the technology-heavy Nasdaq composite index.
Reuters - U.S. stocks tumbled on Friday, led
lower by tech shares after computer maker Dell warned that
companies worldwide are cutting back on technology spending.
Reuters - Personal income tumbled unexpectedly
in July and inflation-adjusted spending shrank as government
economic stimulus waned, but consumer spirits rose this month,
a hint the economy may muddle through its woes.
AFP - US consumers snapped shut wallets as a boost from tax rebates wore off and inflation soared in July, government data showed Friday in what could be a bad omen for an economy dependent on consumer spending.
Reuters - Personal income tumbled unexpectedly
in July and inflation-adjusted spending shrank at sharpest rate
in four years as the lift from government stimulus checks
waned, a government report on Friday showed.