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Entries tagged "Fannie Mae"Rodgin Cohen on Decade's endIn this edition of Decade of The Deal, Rodgin Cohen of Sullivan & Cromwell says that 2007 and 2008 provided the kind of challenges that even he found unprecedented. Goldman offers Fannie Mae helpGoldman Sachs may be offering Fannie Mae some assistance in exchange for a tax break in a deal that has Washington insiders screaming bloody murder. Crisis on Wall Street: Dealmakers whereaboutsIt is the one-year anniversary of Lehman Brothers bankruptcy. Since then a lot of dealmakers have moved around. I-banks, law firms hiring for structured financeThe amount of bankers and lawyers trading offices to cover mortgage- and asset-backed securities and related products has risen. Fannie opening chance for changeIf Fannie Mae's government appointed president Herb Allison moves to Treasury, then the Obama administration has an opportunity to reassess executive roles at the mortgage lender. Dodd on the hot seatConnecticut's senior senator may face a challenging re-election bid because of his connection to the financial crisis. Bank Watch: Stocks slide, and Citigroup cancels ChristmasStocks dropped Tuesday as investors grew anxious over a decision on a bailout of the auto industry and further layoff announcements. The Dow fell 242.85 points to 8,691.33, the S&P 500 dropped 21.03 points to 888.67, and the Nasdaq slipped 24.40 points to 1,547.34. Financial stocks slipped.... Fed to buy $600B in toxic mortgage assetsAs the credit crisis continues, the Federal Reserve on Tuesday said it will buy up to $600 billion in mortgage-backed assets. The Fed will buy up to $100 billion in direct obligations from government-sponsored mortgage giants Fannie Mae and Freddie Mac, and the Federal Home Loan Banks. It will also take on $500 billion in mortgage-backed securities.... Bank Watch: Financials look green in midday tradingStocks took off Thursday morning, up nearly 270 points, but they dropped off by midday to a more modest gain. The Dow was up 45.64 at 9,034.93. Financial stocks were led by American Express Co., which advanced 68 cents to $25.89 on news that it will lay off nearly 10% of its staff as well as freeze salaries and hiring. Meanwhile, Fannie Mae saw a jump of as much as 6% on an increase of its mortgage portfolio balance to $761.4 billion last month from $759.98 billion in August, for a 2.3% annual rate, the Washington-based company said in a... Roll Call: Oct. 27, 2008DealBook's new columnist Jack Flack offers Fannie Mae and Freddie Mac's former chief some advice when appearing before Congress later in the week. (DealBook) Deal Journal's Heidi Moore calls the report of a Goldman, Sachs & Co.-Citigroup Inc. merger a bad idea. (Deal Journal) Meanwhile, Clusterstock's John Carney and Portfolio's Felix Salmon have been engaging in an online debate over whether it was right for Treasury to let Lehman Brothers Holdings Inc. fail. (Clusterstock) On the subject of the Treasury, Henry Blodget has some harsh suggestions on how TARP should be executed in light of reports that J.P. Morgan... Fannie and Freddie: From rescued to saviorsAs the Troubled Asset Relief Program morphs into an effort to inject some of the $700 billion directly into distressed financial institutions (even if that's not exactly what Congress thought it was authorizing), Treasury Secretary Hank Paulson hasn't given up on the original TARP, and has found a new use for Fannie Mae and Freddie Mac. It's so great to own nearly everything.... Bank Watch: Easing out of panic modeWhile Federal Reserve Chairman Ben Bernanke was warning lawmakers that a recession with higher unemployment could be on the way unless they act on the Bush administration's $700 billion plan to bail out the financial industry, Wall Street had another dreary day with the Dow down 161.52. Still, financial stocks ended the day mixed with Goldman Sachs Group Inc. and Morgan Stanley, the only remaining investment banks, both in the green. - Maria Woehr Troubled Wall Street Prices at 4 pm EDT Name Price at open Price at 4pm Change Mkt cap J.P. Morgan Chase & Co. 40.55 40.70... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Fannie Mae." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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