Entries tagged "bail out"
Shares of CIT Group are rising as media reports say the company is in more advanced talks with regulators about guaranteeing its bonds before $1 billion in debt come due.
There's plenty going on in credit markets Monday; unfortunately, with banks gripped by fear, nearly all of the news is bad as financial institutions continue to hoard cash in spite of intervention by the U.S. and European central banks to inject liquidity into markets....
The Treasury Department is reportedly putting the final touches on a plan for propping up beleaguered mortgage giants Fannie Mae and Freddie Mac, according to a report on The Wall Street Journal's Web site....
