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WaMu debt protection costs hit record-Markit Tue Sep 9, 2008 10:14am EDT NEW YORK, Sept 9 (Reuters) - The cost to insure the debt of Washington Mutual Inc (WM.N: Quote, Profile, Research, Stock Buzz) hit a new record on Tuesday, a day after the U.S. savings and loan ousted its chief...

Lehman shares hit new year low amid uncertainty Tuesday September 9, 10:41 am ET Lehman shares hit new year low amid uncertainty about plans to sell assets or stake in co. NEW YORK (AP) -- Lehman Brothers Holdings Inc. shares fell to a new year low Tuesday amid speculation the...

Talk about hitting the lotto, 80+ million shares GONE....

Report: Gov't may soon back Fannie, Freddie Friday September 5, 5:36 pm ET WSJ says gov't may soon back troubled mortgage finance giants Fannie Mae, Freddie Mac WASHINGTON (AP) -- The government may soon step in to provide a financial boost to mortgage finance companies Fannie Mae...

Legg Mason shares slide after ratings downgrade Thursday September 4, 11:15 am ET Legg Mason shares slide after analyst lowers rating to 'Underperform' on risks NEW YORK (AP) -- Shares of Legg Mason Inc. slid Thursday after a Credit Suisse analyst downgraded the investment management...

Those job #s tomorrow better be good or else...

Isn't this guy the 2nd largest shareholder of Fannie & Freddie?

Not looking like a good investment right now :)

Lehman option traders bet stock will keep falling Tuesday August 19, 2:47 pm ET By Doris Frankel CHICAGO (Reuters) - Many traders scooped up defensive put options on Lehman Brothers Holdings Inc (NYSE:LEH - News) on Tuesday, betting its stock will suffer more losses. Shares of the...

Credit crunch may take out large US bank warns former IMF chief Gary Duncan, Economics Editor and Leo Lewis, Asia Business Correspondent The deepening toll from the global financial crisis could trigger the failure of a large US bank within months, a respected former chief economist of...

'Liar loans' threaten to prolong mortgage crisis Monday August 18, 2:27 pm ET By Alan Zibel, AP Business Writer 'Liar loans' threaten to prolong mortgage crisis for 2 more years in some parts of US In the mortgage industry, they are called "liar loans" -- mortgages approved without...

The Endgame Nears For Fannie and Freddie By Jonathan R. Laing IT MAY BE CURTAINS SOON FOR THE MANAGEMENTS and shareholders of beleaguered housing giants Fannie Mae and Freddie Mac. It is growing increasingly likely that the Treasury will recapitalize Fannie and Freddie in the months...

If you buy it for $1 dollar and later on it gets appraised at 50 cents, does that mean you've lost half your equity in your home? :)

25% of home sales result in loss Values have fallen so far in many cities that sale prices don't cover what sellers originally paid. That means more hard times before markets recover. By Les Christie, CNNMoney.com staff writer Last Updated: August 13, 2008: 1:38 PM EDT NEW YORK...

Banks' Subprime Losses Exceed $500 Billion as Writedowns Spread By Yalman Onaran Aug. 12 (Bloomberg) -- Banks' losses from the U.S. subprime crisis and the ensuing credit crunch crossed the $500 billion mark as writedowns spread to more asset types. The writedowns and credit losses at...

One Third of New Owners Owe More Than House Is Worth (Update1) By Bob Ivry Aug. 12 (Bloomberg) -- Almost one-third of U.S. homeowners who bought in the last five years now owe more on their mortgages than their properties are worth, according to Zillow.com, an Internet provider of home...

Jobless claims hit highest point since March 2002 Thursday August 7, 12:57 pm ET By Jeannine Aversa, AP Economics Writer Jobless claims hit highest point in more than 6 years as companies hunker down WASHINGTON (AP) -- The nation's jobs market sent a fresh cry of distress as the...

Sector Snap: Banks tumble on fears of more losses Monday July 28, 3:04 pm ET Wall Street banks, brokerages drop on fears of more big write-downs as credit crisis roils on NEW YORK (AP) -- Wall Street banks and brokerages slid Monday on more signs that financial institutions will be...

Merrill shares plummet amid wider financials decline Monday July 28, 2:33 pm ET NEW YORK (Reuters) - Merrill Lynch (MER - News) shares dropped nearly 10 percent on Monday, leading the entire sector lower as investors fretted over credit quality and the housing sector. The sell-off came...

Bush administration projects record 2009 deficit Monday July 28, 12:13 pm ET By Andrew Taylor, Associated Press Writer Government officials: 2009 deficit will reach $482 billion, record driven by economy sag WASHINGTON (AP) -- The next president will inherit a record budget deficit...