Word: mortgagee
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"Britain's growth will continue into its 59th quarter and then into its 60th and 61st quarter and beyond ... Inflation has fallen from 3% to 2.8%, and will fall further this year to 2% ... Looking ahead to 2008 and 2009, inflation will also be on target. And we will never...
Nor can a bailout replace all the liquidity that those complicated mortgage-backed securities unleashed into the world's financial markets, making it easier for companies to borrow money to build new factories, buy new equipment or expand into new territories. "We will never return to those levels of liquidity...
On Tuesday, France, Belgium and Luxembourg said they'd pump $9.2 billion into troubled bank Dexia after news of its U.S.-linked losses sent its share price falling 30%. That followed Sunday's announcement that Fortis, the Dutch-Belgian insurance and banking giant, had been partially nationalized through a $16.4...
“In my view, preexistent government policies, starting with [mortgage insurer] Fannie Mae, created this situation by creating all these incentives for risky lending,” he said in a phone interview yesterday. “The bailout package doesn’t stop that. The same...
In the meantime, House GOP factions jockeyed to have their proposals included in whatever new bill is negotiated - many boasting that they (unlike their leaders) can deliver the necessary votes if their ideas are adopted. Jeb Hensarling, chairman of the Republican Study Committee, a group of fiscal conservatives in the...