UK’s Darling considering swapping banks’ new mortgage debt for gilts … - Forbes
LONDON (Thomson Financial) - Chancellor of the Exchequer Alistair Darling is considering a new plan to help revive the housing market by allowing banks to swap new mortgage assets for government bonds, according to a report in the Financial Times …
Stocks plunge on earnings fears, uptick in oil prices (USA Today)
Stocks retreated Monday, taking the Dow Jones industrials down more than 100 points as investors watching earnings reports and an uptick in oil found little incentive to buy.
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Fannie, Freddie jump in pre-market trading (CNN Money)
The battered stocks for Fannie Mae and Freddie Mac climbed in pre-market trading Monday, lifted by a housing rescue plan the Senate passed over the weekend.