Archive for July 13th, 2008
« Previous EntriesAnheuser-Busch in $52 billion buyout
Sunday, July 13th, 2008Read full story for latest details.
Text of Paulson’s statement
Sunday, July 13th, 2008Here is the text of Treasury Secretary Henry Paulson’s statement issued Sunday:
The $5 trillion mess
Sunday, July 13th, 2008They own or guarantee $5 trillion worth of mortgages - nearly half of all the country’s outstanding home loan debt - and they’re crashing. But not everybody is convinced they should be.
The fall of IndyMac
Sunday, July 13th, 2008In what could turn out to be the most expensive bank failure ever, troubled mortgage lender IndyMac Bancorp Inc. was taken over by federal regulators on Friday.
IndyMac: Your money is safe - FDIC
Sunday, July 13th, 2008The FDIC stressed Sunday that the takeover of failed bank Indymac is largely a “non-event” for most customers.