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10/12/2008 News For:

The Mae Foundation


The economy and local governments  Here is a look across the Richmond region at how the credit crisis and underlying slump in real estate values is affecting local governments -- and might affect taxpayers soon.

The Daily Sentinel Subscriber Services  You can still count on The Daily Sentinel to learn about the stories that matter most in your life. The stories just around the corner. If you have a story to tell, our reporters want to hear it - and The Daily Sentinel wants to deliver it. You have a voice through us!

UAE guarantees bank deposits and savings   The United Arab Emirates says it will guarantee deposits and savings in local banks to protect depositors in face of the global financial turmoil, state WAM news agency reported on Sunday.

New York Times Article Written In 1999 Shows Problems Of Fannie Mae  In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.

White House rethinks bailout  As international leaders gathered Saturday in Washington to grapple with the global financial crisis, the Bush administration embarked on an overhaul of its own strategy for rescuing the foundering financial system. Two weeks after persuading Congress to let it spend $700 billion to buy distressed mortgage-backed securities, the Bush administration has put that idea on the back burner in favor ...

Rodeo competitor bucks the Beverly Hills image  When not running the family property management firm, Steve Freed performs in team roping. He donates his winnings to the Concern Foundation, which raises money for cancer research. The purr of a Mercedes, the whisper of a sprinkler on a mansion lawn, the whirring of a real estate man's lasso as he ropes a dummy steer on his tennis court: It's morning in Beverly Hills. ...

For the Record  Threats: A caller on Saturday in Barnard reported threats....

Fannie Mae and Freddie Mac must go   At the time, it was perhaps the biggest bailout in US history. Today, one month later, the federal takeover of mortgage giants Fannie Mae and Freddie Mac has been all but forgotten in the drama of the global credit crunch.

Fannie, Freddie to Buy $40 Billion a Month of Troubled Assets  Oct. 11 -- Federal regulators directed Fannie Mae and Freddie Mac to start purchasing $40 billion a month of underperforming mortgage bonds as the Bush administration expands its options to buy troubled financial assets and resuscitate the U.S. economy, according to three people briefed about the plan.

John McCain Needs To Reiterate Democrats' Failures On Fannie Mae And Freddie Mac  In the second presidential debate last night, John McCain finally attacked the Democrats and Obama for opposing tighter regulation of Fannie Mae and Freddie Mac--I have been puzzled why he has not been doing this for the past three weeksnd presented something like the mortgage proposals advanced by conservative economist Martin Feldstein and Lawrence Lindsey . To be effective, such themes ...

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