Archive for July 12th, 2008


Chicago Tribune
How Chuck Schumer Caused the Second Largest Bank Failure in US History
CNBC - 1 hour ago
Federal officials aren’t supposed to cause bank runs. In fact, much of the New Deal bank regulatory apparatus was set up for the purpose of eliminating such panics.
IndyMac seized as financial troubles spread Reuters
IndyMac cashes out San Gabriel Valley Tribune
guardian.co.uk - New York Times - Bloomberg - KGMB9
all 1,151 news articles

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USA Today
AT&T's IPhone 3G Inventory Is Mostly Sold Out; Apple Has Supply
Bloomberg - 1 hour ago
By Connie Guglielmo July 13 (Bloomberg) — AT&T Inc. stores have mostly emptied out of inventory of Apple Inc.'s new iPhone in the US two days after thousands lined up to buy the handset.
Glitches mar Apple's iPhone debut CNNMoney.com
Crush of traffic stymies Apple iPhone 3G debut Detroit Free Press
KGET 17 - Forbes - TIME - CBS 47
all 2,123 news articles

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Boston Globe
Freddie Mac's Next Hurdle: Raise Cash
Washington Post - 1 hour ago
Unlike the situation facing Bear Stearns earlier this year, Fannie Mae and Freddie Mac are not short of cash. (By Chris Hondros — Getty Images) Comments that include profanity or personal attacks or other inappropriate comments or material will be
Fannie and Freddie: A wild ride CNNMoney.com
The Fannie and Freddie Fallout New York Times
Reuters - Bloomberg - Wall Street Journal - BusinessWeek
all 3,799 news articles

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Reuters
IndyMac seized as financial troubles spread
Reuters - 35 minutes ago
By John Poirier and Rachelle Younglai WASHINGTON (Reuters) - US banking regulators swooped in to seize mortgage lender IndyMac Bancorp Inc on Friday after withdrawals by panicked depositors led to the third-largest banking failure in US history.
UK braced for US banking backlash guardian.co.uk
IndyMac Lesson: Check for FDIC Insurance TheStreet.com
Bloomberg - New York Times - AFP - NPR
all 1,108 news articles

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BBC News
Fannie and Freddie: A wild ride
CNNMoney.com - 2 hours ago
Shares of mortgage finance firms recover most of deep losses from earlier in day on assurances that government takeover is not needed.
Fannie, Freddie central to US housing market Reuters
Fannie, Freddie to Get $15 Billion From US, the Times Says Bloomberg
New York Times - Wall Street Journal - TheStreet.com - BusinessWeek
all 3,745 news articles

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UK braced for US banking backlash
guardian.co.uk - 44 minutes ago
The British economy is braced for further turbulence this week as the fallout from the second largest bank failure in US history spreads across the Atlantic.
IndyMac Lesson: Check for FDIC Insurance TheStreet.com
IndyMac bank seized by US amid intensifying crisis AFP
New York Times - Bloomberg - SanFranciscoSentinel.com - NPR
all 1,097 news articles

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Reuters
Paulson cool to shield Fannie/Freddie investors: report
Reuters - 1 hour ago
WASHINGTON (Reuters) - US Treasury Secretary Henry Paulson is insisting that if Fannie Mae and Freddie Mac need rescuing, the plan should not benefit shareholders of the giant mortgage finance firms, the Wall Street Journal said on Saturday.
Ripple Effects From Fannie And Freddie Washington Post
Fannie, Freddie to Get $15 Billion From US, the Times Says Bloomberg
New York Times - NPR - Wall Street Journal - BusinessWeek
all 4,785 news articles

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Officials: IndyMac To Reopen Monday
KITV.com - 31 minutes ago
PASADENA, Calif. — Pasadena-based IndyMac Bank, which was seized by the federal government as it teetered on the edge of collapse, will be closed this weekend, but plans to reopen Monday, officials said Saturday.
Who's to Blame for IndyMac's Failure? Seeking Alpha
Regulators Seize Mortgage Lender New York Times
Bloomberg - MarketWatch - Reuters - AFP
all 1,075 news articles

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Who's to Blame for IndyMac's Failure?
Seeking Alpha - 1 hour ago
The $32 billion failure of US mortgage lender IndyMac demonstrates just how differently the United States is governed than Canada.
Federal Seizure of IndyMac Bancorp, Inc. Will Not Impede Investor MarketWatch