This Mess Could make the World a Better Place

9/30/2008

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Current Events Could make the World a Better Place   Tue, 30 Sep 2008 06:40:55 EST The New York Times' Julie Creswell and Ben White said it is "The end of an era." They describe yesterday's Wall Street as "a world of big egos...where people love to roll the dice with borrowed money...in search of ever- higher returns," and what those returns can buy. A place where private equity firms "amassed giant funds and went on a shopping spree, snapping up companies as if they were second wives buying Jimmy Choo shoes on sale." Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. Bypassing Congress CNBC Videos 9/30/2008 11:15:43 AM Discussing how to bolster the U.S. financial system without Congress, with CNBC's Larry Kudlow. Discussing CFO Survey CNBC Videos 9/30/2008 10:05:29 AM Insight on the financial crisis and its impact on American business, with Jim Kaitz, Association for Financial Professionals president & CEO and CNBC's Erin Burnett. Sen. Hatch on Bailout Fallout CNBC Videos 9/30/2008 9:20:48 AM Reacting to the unfolding events on Capitol Hill, with Sen. Orrin Hatch, (R-Utah) and CNBC's Carl Quintanilla. Bush On Rescue Plan CNBC Videos 9/30/2008 9:22:50 AM President Bush makes statement on economic rescue plan. Rep. Van Hollen On Bailout CNBC Videos 9/30/2008 8:35:14 AM Insight on the bailout fallout, with Rep. Chris Van Hollen, (D-MD) and CNBC's Carl Quintanilla. Pickens On U.S. Leadership CNBC Videos 9/30/2008 8:51:05 AM Discussing a lack of leadership when it comes to fixing the Wall Street crisis, with Boone Pickens, BP Capital CEO and CNBC's Becky Quick.   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.

Citigroup to Acquire Wachovia Operations in Government Brokered Deal

9/29/2008

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Citigroup to Acquire Wachovia Operations in Government Brokered Deal   Mon, 29 Sep 2008 06:07:23 EST The U.S. government facilitated a takeover of Wachovia by Citigroup on Monday. The agreement is a complex deal that shares liabilities between the Federal Deposit Insurance Corporation (FDIC) and Citigroup while leaving Wachovia holding some of its assets. Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. Meredith Whitney on Banks, Bailout, Pt.1 CNBC Videos 9/29/2008 9:23:29 AM Meredith Whitney, executive director of equity research at Oppenheimer, discusses the banking sector and the $700 billion bailout proposal. Banking Disease Runs Deep CNBC Videos 9/29/2008 5:50:55 AM "The disease runs very deep … this is a very necessary but an insufficient solution for the banking condition," Tim Harris from JPMorgan Asset Management told CNBC Monday. Banks, Bailouts & More CNBC Videos 9/29/2008 7:52:03 AM Discussing banks, bailouts and more, with CNBC's Charlie Gasparino and Steve Liesman Bush on Wall St. Rescue Plan CNBC Videos 9/29/2008 8:25:21 AM President Bush addresses the nation regarding the Wall Street rescue plan. Citi to Buy Wachovia Banking Operations CNBC Videos 9/29/2008 9:17:09 AM Citigroup will buy Wachovia's banking operations, and the CNBC news team has the details. Wall St. Bailout & Exec. Compensation CNBC Videos 9/29/2008 9:17:09 AM Discussing the $700 billion Wall Street bailout proposal, with John Gutfreund, former CEO of Salomon Brothers   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.

Private Mortgage Insurer Changes Business Policy

9/26/2008

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Private Mortgage Insurer Changes Business Policy   Fri, 26 Sep 2008 11:46:43 EST MGIC Investment Corporation, one of the nation's largest issuers of private mortgage insurance, announced on Friday that it plans to stop accepting new business under one type of contract that it now considers to present an unacceptable risk. Starting the first of the year MGIC will no longer take new business from "captive insurance companies." Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. Banking's Biggest Failure CNBC Videos 9/26/2008 9:46:00 AM Washington Mutual is closed by the U.S. government, reports CNBC's David Faber Anatomy of a Credit Default Swap CNBC Videos 9/26/2008 11:14:35 AM A look at what exactly is a credit default swap, with CNBC's Dylan Ratigan The Bloomberg Edge: Pain for WaMu's Shareholders Bloomberg 9/26/2008 11:50:29 AM Biggest Losers - TPG Group Owns 229 Million Shares, $2 Billion Investment Nearly Gone; Fourth Largest Investor Hotchkis & Wiley Bought 43 Million Shares in 2Q, Was Also Stung by Freddie; Fifth Largest Investor Wellington Management Bought 39 Million Shares in 2Q Sen. Harry Reid Discusses Bailout Plan CNBC Videos 9/26/2008 11:54:13 AM Sen. Majority Leader Harry Reid, (D-NV) and chairman of the Senate Banking Committee Sen. Christopher Dodd (D-CT) say they will take whatever time is needed to get the bailout plan finished. The End of WaMu CNBC Videos 9/26/2008 12:23:09 PM Insight on what the fallout from Washington Mutual's collapse, with CNBC's Jane Wells Washington Mutual Seized CNBC Videos 9/26/2008 6:39:30 AM The bank has been seized by the federal government and is selling assets to JPMorgan, reports CNBC's Jane Wells WaMu Goes Under CNBC Videos 9/26/2008 7:56:57 AM Washington Mututal's assets are bring picked up by JPMorgan for $1.9B, reports CNBC's Jane Wells & Mary Thompson FDIC on WaMu CNBC Videos 9/26/2008 8:46:00 AM Federal regulators swoop in to seize Washington Mutual in what is the largest bank failure in the nation's history, with Sheila Bair, FDIC chair   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.