Financial Services
Fannie Shares Recover After Grim Results
05/06/08 - 02:04 PM EDT
- Article Tools
- Email this Article
- Print this Article
- Rss Feed
- Related Articles
- NYSE Euronext Profit Soars on Volume
- Fannie Mae Spanked by $2.2 Billion Loss
- Fannie Posts Loss, to Raise $6 Billion
- Del.icio.us
- Digg
- StumbleUpon
"The government is expanding the role of Fannie and Freddie in a desperate attempt to prop up inflated housing prices so they don't become insolvent," says Schiff. "Fannie and Freddie stand behind trillions of dollars in mortgages that are only as good as the value of the homes that collateralize them, but homes are too expensive in this country and prices have to come down if the housing market can recover. People can't buy homes if they're too expensive, unless we start using teaser rates and no down-payments again, which is what got us into this mess in the first place."
The Big Board operator continued the trend of exchange operators posting big profits on spiking trading volume.
The government-sponsored mortgage giant sees 'severe weakness' in the U.S. housing market, cuts its dividend and plans to raise $6 billion to shore up its finances.
The government-sponsored mortgage giant will cut its dividend and sell common and preferred stock to shore its balance sheet.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
Keep on top of the market and the critical information you need to make more profitable investing decisions.
Sponsored by:
RSS
