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Wachovia Hires a New Finance Chief (New York Times)
Robert K. Steel is close to naming a former insurance industry executive as Wachovia ’s new finance chief, The New York Times’s Eric Dash reported, citing people briefed on the situation.
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Statement on Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers (Washington Post)
Good morning. I'm joined here by Jim Lockhart, Director of the new independent regulator, the Federal Housing Finance Agency, FHFA.
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Second Finance Minister: Gov't Has Mechanism To Ensure People Live Comfortably (Bernama)
SEBERANG JAYA (Malaysia), Sept 8 (Bernama) -- The government has its own mechanism in determining its budget to ensure the people are able to live comfortably and not be burdened with financial problems, Second Finance Minister Nor Mohamed Yakcop said.
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Rising debt levels still manageable – Finance (Yehey!)
The Philippines’ debt levels will rise next year, the Department of Finance warned. Finance Secretary Margarito Teves said the country’s obligations to domestic and foreign lenders however will grow at a slower pace of 1.4 percent from 4 percent this year.
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puzzles of Chinese politics, society, jobs, economy and finance (cmi santiago)
how to manage borderless world of banking, wealth, labor, investment, finance, entrepreneurship, competition and politics? How to face emerging nations China, India, Latin America and Africa? Get insights from a leading strategist George Zhibin Gu.
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China, Taiwan, Hong Kong travel, outsourcing, stock market, finance, banking, insurance (cmi santiago)
How to deal with Chinese opportunities and challenges? China's surge is creating vast finance, banking, investment, venture capital, hightech, and outsourcing opportunities. get great ideas from a leading strategist George Zhibin Gu.
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US takes over Fannie, Freddie in bid to ease finance crisis (AFP via Yahoo! News)
The US government has taken over ailing mortgage giants Fannie Mae and Freddie Mac, placing them in a "conservatorship" in a bid to avert a financial system meltdown from the housing crisis.
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A Former Finance Chief Takes the Reins at Freddie Mac (New York Times)
David M. Moffett, who was appointed chief executive of Freddie Mac on Sunday, helped transform U.S. Bancorp from a small Ohio bank into the nation?s sixth biggest lender.
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Government takes over finance firms (Gulf Daily News)
WASHINGTON: The US government yesterday seized control of mortgage finance companies Fannie Mae and Freddie Mac in an aggressive move to help the distressed US housing market and economy.
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With rescue plan, US takes giant step into housing, finance (AFP via Yahoo! News)
In rescuing Fannie Mae and Freddie Mac, the US government is taking an unprecedented step into the financial sector in a bid to steady an ailing housing market and ease a global credit crunch, analysts said.
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