September 08, 2008 12:44 PM ET
The Treasury Department announces plans to take control of the battered mortgage companies. UAL shares plunge on bankruptcy rumors. Lehman shakes up management. |
Be on red alert for market chaos![]() The US economy is getting worse, not better, and the 'denialists' are about to get a big, fat wake-up call. Contrarian Chronicles / Bill Fleckenstein 5 banks safe from the storm![]() In the coming year, tens of thousands of Americans could fall victim to bank failures. Yes, this could include you. You can ignore the risk -- or move your money now. SuperModels
Financial news centerBailout stings Fannie, Freddie stocks, bolsters debtShares in mortgage finance companies Fannie Mae and Freddie Mac plunged while their debt soared Monday, one day after the U.S. government took over the companies, as investors bet the action would wipe out stockholders but fully guarantee their bonds. 9/8/2008 12:18 PM
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Market update
[BRIEFING.COM] The major indices fall to session lows and then halt their decline. The Dow and S&P 500 post solid gains, while the Nasdaq remains in negative territory.
Crude prices fall to session lows (-1.1% at $104.98) as the...more...
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