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News by Blacka

Friday, July 18, 2008

Week Ending 19 July 2008

News from 10/07/08 to 19/07/08


Crisis wipes $1 trillion from financial stocks


'Bush gave Israel amber light to attack'


Saudis offer Moscow billions to break with Tehran


IndyMac Bank seized by federal regulators


US moves to bolster lending firms
The US government has announced sweeping measures to shore up the nation's two largest mortgage finance companies, Freddie Mac and Fannie Mae.
The two firms own or guarantee almost half of all US home loans - more than $5 trillion (£2.5 trillion) of debt.

The Fannie and Freddie doomsday scenario
It's time to wonder what would happen if Fannie Mae and Freddie Mac failed.


Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds


OPEC warns against military conflict with Iran


Drought devastates Iraq's wheat crops


Russia and China veto U.N. Zimbabwe sanctions


Russian customs bid to break the BNY


Housing Market Meltdown Will Cause Massive Losses in Household Wealth


China on brink of electricity shortfall
Posted by Blacka at 11:57 PM

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