Hints and tips:
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...Perry Capital, Pershing Square and Paulson were among the managers betting the US courts would restore value to the holders of nationalised US mortgage finance companies Fannie Mae and Freddie Mac, but a...
...Countrywide, America’s largest mortgage lender, was bailed out by Bank of America. Others, such as Indy Mac, American Home Mortgage and New Century Mortgage, died with nary a whimper....
...The rally in Lehman shares has followed explosive rises in the share price of Fannie Mae and Freddie Mac, the two mortgage companies taken over by the US government last year....
...The Fed’s direct interventions have been few: it helped rescue Bear Stearns, took over Indy Mac, and is close to the situation at Fannie Mae and Freddie Mac, the struggling mortgage groups bailed out by...
...The FDIC is running IndyMac until it can be sold....
...Names that have arisen include Sam Nunn, the former chairman of the Senate armed services committee; and Wesley Clark, the former head of Nato in Europe, who is also a backer of Mrs Clinton....
...Rumours swept the market earlier this week that Fannie Mae and Freddie Mac, the government-backed mortgage agencies, might get the authority to make sweeping purchases of underpriced mortgage securities....
...The fund-raisers were organised by Mr Delk and Clark Camper, former vice-president of Freddie, to benefit members of the the House financial services committee and other lawmakers....
...Freddie Mac: $10m in donations General Electric: $8m in cash. The company also pledged at least $10m in medical devices, power generation equipment, water purification and other supplies....
International Edition