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Something in a young chanteuse from South Carolina saw the genius in changing her name ever so slightly. Eartha Mae Keith became Eartha Kitt - discarding an ordinary surname for one of inspired felinity. It heralded the sex kitten who purred the lyrics to her lightly naughty hit singles of the early '50s; whose sophisticated persona in films and on Broadway barely concealed her claws; and who would achieve camp renown as the prowling, growling Catwoman on the '60s Batman TV series...
Among the top-tier performers are also, perhaps surprisingly, a number of banks. While it's true that plenty of finance firms have been absolutely clobbered - worst of all, nationalized housing giants Fannie Mae (down 98%, to $0.70) and Freddie Mac (down 98%, to $0.74); insurers AIG (down 97%, to $1.80) and Ambac (down 95%, to $1.38); and brokerage MF Global (down 94%, to $1.96) - operators of smaller, community banks that ostensibly didn't get caught up in so much mortgage-related fancy footwork have often thrived. Among them: Capitol Federal Financial in Kansas (up 41%, to $43.65), Tompkins Financial...
...October, Congress passed a law that said banks who held Fannie Mae and Freddie Mac preferred shares, which were essentially rendered worthless when the government took over the two large mortgage guarantors, can count the loss on that investment as a regular business loss, not an investment loss. The Federal Government has estimated the change will save banks as much as $3 billion in tax payments this year. Improved Tax Break on Foreign Operations...
...year CD. The winning bidder agreed to pay the government 3.72%. Menzies had offered 2.69%, which he considered a high rate, one that probably would have netted him just a 0.04- or 0.05-percentage-point profit after he rolled the money into an investment like a Fannie Mae mortgage-backed security. (See "Four Steps to Ending the Foreclosure Crisis...
...BILLION Purchases of mortgage-backed securities covered by Fannie Mae, Freddie Mac and Ginnie Mae...