Russia cuts exposure to Freddie, Fannie-c.bank - Guardian Unlimited
MOSCOW, July 28 (Reuters) - Russia has cut its exposure to U.S. mortgage lenders Fannie Mae and Freddie Mac to less than $50 billion by not refinancing matured short-term debt, a senior central bank official told Reuters on Monday. Russia held about …
Stocks fall as financials again pull back - Miami Herald
NEW YORK Wall Street retreated Monday, taking the Dow Jones industrials down more than 180 points as investors’ anxiety about the financial sector had them selling stocks across the market. Bond prices rose, the beneficiaries of investors’ latest …
Bank bail-out could saddle taxpayers with billions of defaulting mortgage debt, warn housing experts (Daily Mail)
Taxpayers could be left saddled with billions of pounds worth of defaulting mortgages under government plans to stem the slump in the property market.