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Libor Decline Ends as Bailout Concern Fuels Bank-Cash Hoarding - Bloomberg
Nov. 25 (Bloomberg) -- The interest rate banks charge each other for three-month loans in dollars, a benchmark for global borrowing costs, is starting to rise as the world's biggest economies fall into a recession. The London interbank offered rate ...

Fannie, Freddie Mortgage Bonds Rally on Fed’s MBS Purchase Plan - Bloomberg
Nov. 25 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac debt fell by the most on record relative to benchmarks, leading gains in credit markets after the Federal Reserve committed $800 billion to help Americans obtain mortgages and consumer loans ...

Mortgage security rates fall after Fed action - FOX News
NEW YORK — Rates on Fannie Mae and Freddie Mac debt fell Tuesday _ a promising sign that homeowners' mortgage rates could decline, too _ after the Federal Reserve said it will buy up to $600 billion in mortgage-backed assets. The latest action by ...

Boutique Firms Well-Positioned in Current Economy - Law.com
Leaders at law firms across the country have taken to trumpeting the variety of their practice areas amid the slumping economy. The idea is that when one area is down -- such as structured finance or real estate -- another will boom and help prop up ...

Coastal Post Online - Coastal Post News
"Thou hast taken usury and increase, and thou hast greedily gained of thy neighbors by extortion, and thou hast forgotten me saith the Lord.-Ezekiel 22:12 (King James Version)" "Let us Prohibit in effective fashion all corporations from making ...

Business Notes - Lexington Herald-Leader
Lexington TV stations to present special on switch to digital Lexington's television stations will unite on Dec. 2 to air an educational special on the transition to digital television. Beginning at 7:30 p.m., DTV: Are You Ready? will air ...

LATEST POLITICS VIDEOS - CNBC
C   Loading...       ( )   ] . At its most basic level, the Federal Reserve’s $600 billion program to buy mortgage-related debt should lower interest rates somewhat and thus spur lending and support the troubled housing market. “We see ...

Crescenzi: Fed Action Sends Mortgage Rates Plunging - CNBC
[ FRE   Loading...       ( )   ] have plunged in response to an announcement by the Federal Reserve that it is initiating programs to purchase mortgage-backed securities backed by government-sponsored enterprises and direct obligations of the ...

The Coming Recession - Reason.com
As this issue of reason goes to press, the dollar is at a record low against the euro, oil is more than $100 a barrel, consumer prices are up 4 percent from a year ago, and Federal Reserve Chairman Ben Bernanke is cutting interest rates so often that ...

Locals React To News Of Recession - WKRG
For the first time in nearly 30 years, economists say the United States is in a recession. The National Bureau of Economic Research confirmed the recession Monday. The NBER says the economy actually fell into a recession in December of 2007. Simply ...

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