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  Episode 79 - 100 Skills that Every Man Should Have

  http://www.mindofmen.com/2008/09/08/Episode+79++100+Skills+T...
  85 days ago in The Mind of Men · Authority: 1

  First of all, we are pleased to announce the opening of the new Mind of Men Forum. You can find it at http://forum.mindofmen.com Drop on by, check it out, and join the discussions! This week we talk about Mike's latest travel horror story, the first town to switch over from Analog TV to Digital, Google's new browser, and the wrapup from the second week of the U.S. Presidential Political Conventions In our second segment, we take a look at Popular Mechanic's lit of 100 Skills Every Man Should Know, which appears in the October 2008 issue of the magazine. This week's Cigar and Drink Pairing: Cigar International Legends Series Yellow Label Wild Blue Lager from Blue Dawg Brewing Links from this week's show Wilmington, NC goes shuts down Analog TV this week Citibank's Decade Long Plan to Steal from their Customers Google's New Browser - Chrome NJ Court Rules that no, employees have no privacy on Company Owned Computers Government Bailout of Freddie Mac and Fannie Mae Audible.Com makes convention speeches available for free Fact Check the candidates at FactCheck.Org 40+ Million Viewers for Sarah Palin's Convention Speech Obama & McCain convention speeches break records for viewership Popular Mechanics Magazine's List of 100 Skills Every Man Should Have Ways to Listen Download this episode Subscribe via email iTunes (Subscribe / Podcast Page / Write a Review) Digg Podcasts RSS Feed >
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  U.S. nears rescue plan for Fannie, Freddie

  http://columbusappraisal.net/news/us-nears-rescue-plan-for-f...
  87 days ago in Columbus Real Estate Appraisal · No authority yet

  This morning I found a good post. Here’s a snippet: The government has prepared a plan to take control of troubled mortgage giants Fannie Mae and Freddie Mac, officials told the two companies, according to three sources familiar with the conversations. To read more, click here.
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  U.S. nears rescue plan for Fannie, Freddie

  http://birminghamappraisal.net/news/us-nears-rescue-plan-for...
  87 days ago in Birmingham Real Estate Appraisal · No authority yet

  The government has prepared a plan to take control of troubled mortgage giants Fannie Mae and Freddie Mac, officials told the two companies, according to three sources familiar with the conversations. Click here to read more.
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  Mortgage Bailout Cost Higher Than Predicted

  http://www.openmarket.org/2008/09/06/mortgage-bailout-cost-h...
  87 days ago in OpenMarket.org · Authority: 322

  When Congress authorized a taxpayer bailout of government-backed mortgage giants Fannie Mae and Freddie Mac, supporters claimed that the mere authorization of a bailout would restore investor confidence in the mortgage giants and eliminate the need for taxpayers to spend even a penny actually bailing them out.  Now it turns out that many billions of dollars in recurring infusions of money from taxpayers will likely be required to keep the mortgage giants afloat, according to today’s Washington Post.  “Instead of giving each company a big capital infusion up front, the government could make quarterly injections as the companies’ losses warrant, the sources said. This would be an attempt to minimize the initial cost of the rescue.”   We earlier criticized the mortgage bailout law on many, many, many grounds, and discussed how federal obsessions with “affordable housing” and “diversity” helped push the mortgage giants towards insolvency.
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  9-6-2008 (Sat) Fin. & Econ. Activity

  http://www.commentsforthe.net/?p=618
  87 days ago in Comments for the Net · Authority: 2

  Morning Silver State Bank, Henderson, Nevada, was closed today [9-5-2008] by the Nevada Financial Institutions Division, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To protect the depositors, the FDIC entered into a Purchase and Assumption Agreement with Nevada State Bank, Las Vegas, Nevada, to assume the Insured Deposits of Silver State Bank - FDIC Press Release An Alabama activist group has filed a lawsuit seeking to cancel $6.6 billion in debt and related swaps issued by Jefferson County, claiming the county faces financial disaster because of misdeeds by Wall Street firms, corrupt local politicians and others - Thomson Reuters The federal highway trust fund will run out of money this month, requiring delays in payments to states for transportation construction projects, Transportation Secretary Mary Peters said Friday - San Diego Union-Tribune >>>Treasury Secretary Henry Paulson is preparing to announce plans to bring Fannie Mae and Freddie Mac under government control, seeking to halt the crisis of confidence in the companies that make up almost half the U.S. mortgage market. Paulson met with Fannie Mae Chief Executive Officer Daniel Mudd and Freddie Mac CEO Richard Syron yesterday to tell them of the decision to put the companies into a conservatorship, where they would be removed from their jobs, according to a person briefed on the discussions. A public announcement is expected this weekend, the person said - Bloomberg >>>Washington-based Fannie and Freddie dropped in after-hours trading. Fannie fell $2.25, or 32 percent, to $4.79 at 5:50 p.m. in New York Stock Exchange trading and Freddie slumped $1.40, or 27 percent, to $3.70. Fannie is down about 66 percent since the end of June as concerns about the companies’ capital grew. Freddie has fallen about 69 percent….The New York Times said most or all of both the common and preferred shares would be worth little or nothing - Bloomberg >>>U.S. nears rescue plan for Fannie and Freddie. Deal said to involve change of leadership, infusions of capital - MSNBC >>>U.S. Rescue Seen at Hand for 2 Mortgage Giants - NYT >>>The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation’s history - Thomson Reuters Afternoon Questions, and Hope, on Plans for Mortgage Giants - NYT Downey [California] has been racked by the mortgage crisis, and on Friday, federal regulators ordered it to shore up its finances. The Office of Thrift Supervision, which oversees the $13 billion institution, told Downey to provide a detailed plan to reduce its assets and strengthen management - NYT >>>>>Thoughts on the Continuing Crisis - SafeHaven, John Mauldin Russia’s stock market is suffering its worst correction in nearly a decade as sliding oil prices, political attacks on private companies and instability after last month’s war in Georgia spook investors - NYT Paulson readies the ‘bazooka’ — Big buyers of Fannie Mae and Freddie Mac debt have been shying away. The Treasury secretary wants to coax them back - CNN Money, Colin Barr A federal judge ruled Friday that the city of Vallejo could push forward with its bankruptcy case, rejecting a legal challenge by police and firefighters unions - San Francisco Chronicle Why American Savers Have Drawn the Short Straw. There are painfully real reasons why America’s savers feel they’ve got the short end of the stick - Business Week >>>The Treasury Department could announce as early this weekend a plan to bail out and recapitalize collapsing home mortgage giants Fannie Mae and Freddie Mac in one of the biggest government rescues in U.S. history - MarketWatch >>>>>How to determine your bank’s financial health. A little digging will tell you whether it’s a safe place for your cash - LA Times Evening The boards of mortgage finance companies Fannie Mae and Freddie Mac were set to meet on Saturday to discuss a government plan to place the companies under federal control, sources said - Thomson Reuters The government’s planned takeover of Fannie Mae and Freddie Mac, expected to be announced as early as this weekend, came together hurriedly after advisers poring over the companies’ books for the Treasury Department concluded that Freddie’s accounting methods had overstated its capital cushion, according to regulatory officials briefed on the matter - NYT Fannie, Freddie Shareholders Face Wipeout - CNBC [video with Bill Gross, PIMCO] Why the dollar is hot again - LA Times, Tom Petruno Pershing Square Capital Management Letter To Paulson; More Gross Posturing - Mike Shedlock Fannie Mae and Freddie Mac shareholders, including preferred stockholders, will not fair well under a proposed U.S. Treasury takeover of the two housing finance companies, House Financial Services Committee Chairman Barney Frank told Reuters on Saturday - Thomson Reuters

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