Rating services are not always a reliable investment sourceSunday, January 4, 2009 @ 6:01AMDear Mr. Berko: Our investment club has three questions. First, how is it that Standard & Poor’s can give Fannie Mae an A rating and four weeks later it declares bankruptcy? Second, what is the next big concern in the stock market? Could it be a possible rise in the cost of oil, a huge federal deficit, or higher taxes? What do you anticipate? Third, all of us are older than 74, and all of us ...
Mortgage applications at 5-year high for second straight week as borrowers rush to refinanceWednesday, December 31, 2008 @ 4:17PMMortgage applications remained at their highest level in more than five years last week, as borrowers took advantage of attractive rates and
Mortgage applications at 5-year high for second straight week as borrowers rush to refinanceWednesday, December 31, 2008 @ 3:16PMWASHINGTON - Mortgage applications remained at their highest level in more than five years last week, as borrowers took advantage of attractive rates and rushed to refinance their home loans.
JANUARY 1Wednesday, December 31, 2008 @ 12:46PMRBI allows foreign institutional investors to short-sell equity shares in Indian companies. Short-selling was banned in 2001. State Bank of India raises deposit rates 25-175 basis points.
31-12-2008: 2008 — A year of economic and financial turbulenceWednesday, December 31, 2008 @ 4:48AM2008 will be etched in many national and corporate annals as a period of turbulence. A toxic combination of subprime loans, financial-liquidity crisis, and soaring inflation jolted world economies, hurt corporate earnings, rocked global stock markets, and shattered consumer sentiments.