Archive for July 11th, 2008
« Previous EntriesRegulators seize troubled IndyMac
Friday, July 11th, 2008In what could turn out to be the most expensive bank failure ever, troubled mortgage lender IndyMac Bank was taken over by federal regulators on Friday.
Midnight hour for Fannie and Freddie
Friday, July 11th, 2008The two companies underpinning much of the global capital markets’ debt and derivative trading are in a world of pain, and various media outlets reported that government officials were considering several options for intervention.
Banking regulators close IndyMac
Friday, July 11th, 2008Read full story for latest details.
Senate passes housing bill amid turmoil
Friday, July 11th, 2008After months of debate on Capitol Hill, the Senate on Friday passed a comprehensive housing and foreclosure prevention bill.
Ford sues government in IRS dispute
Friday, July 11th, 2008Read full story for latest details.