Interesting Stories Of The Day
Taxpayers May Be Liable for Billions From Bear, Mortgage Rescue Even as the Bush administration insists it won’t risk public funds in a bailout, American taxpayers may already be liable for billions of dollars stemming from Federal Reserve and Treasury efforts to quell a financial crisis. History suggests the Fed may not recover some of [...]
Weekly Economic Calender
Series of events listed for this week: The Standard & Poor’s/Case-Shiller national home price index for January will be released Tuesday. On the housing front, the latest quarter’s results from Lennar Corp. (LEN) and KB Home (KBH) are due Thursday and Friday, respectively. The Conference Board’s Consumer Confidence Index for March will be released Tuesday. [...]
A Week Of Madness At Wall Street
JPMorgan Chase & Co. quadrupled its offer for Bear Stearns Cos. to $10 a share today and struck a deal to buy 40% of the company without a shareholder vote, making it unlikely opponents can block the takeover. A week ago on Monday, JPMorgan Chase agreed to buy Bear Sterns at a fire sale price [...]