BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Newspaper wrap-up: Schumer to speak about conversation with AMD CEO]]>http://www.bloggingstocks.com/2008/03/25/newspaper-wrap-up-schumer-to-speak-about-conversation-with-amd/http://www.bloggingstocks.com/2008/03/25/newspaper-wrap-up-schumer-to-speak-about-conversation-with-amd/http://www.bloggingstocks.com/2008/03/25/newspaper-wrap-up-schumer-to-speak-about-conversation-with-amd/#commentsFiled under: , , , , ,

MAJOR PAPERS:
  • The Wall Street Journal reported that private loans under the Federal Family Education Loan, or FEEL, program have begun to give way to the federal direct loan program, as private lenders run into subsidy cuts and problems raising capital. To date about 60 colleges and universities have made the switch.
  • Carl Icahn, a 6.3% Motorola Inc (NYSE: MOT) shareholder, has sued the company to get board of director documents, turning away offers of two board seats, the Wall Street Journal reported. Icahn wants information about the company's unprofitable handset business.
  • Ford Motor Company (NYSE: F) is expected Wednesday to announce an agreement to sell its Jaguar and Land Rover units to India's Tata Motors Limited (NYSE: TTM) for about $2B, the Financial Times reported.
OTHER PAPERS:
  • According to the Business Review, New York State Senator Charles Schumer is planning to 'reveal details' of a conversation he had with the CEO of Advanced Micro Devices Inc (NYSE: AMD) on March 21 about the company's plans to build a $3.2B computer chip plant in Saratoga County.

Newspaper wrap-up: Schumer to speak about conversation with AMD CEO originally appeared on BloggingStocks on Tue, 25 Mar 2008 08:05:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>advanced microadvanced micro devicesAdvancedMicroAdvancedMicroDevicesAMDCarl IcahnCarlIcahnCharles SchumerCharlesSchumerFFederal Family Education LoanFederalFamilyEducationLoanFEEL programFeelProgramFordIcahnJaguarLand RoverLandRoverMOTMotorolaSchumerTata MotorsTataMotorsTTMTue, 25 Mar 2008 08:05:00 EST<![CDATA[Bernanke's bright idea: $1 million federal mortgage insurance]]>http://www.bloggingstocks.com/2007/11/09/bernankes-bright-idea-1-million-federal-mortgage-insurance/http://www.bloggingstocks.com/2007/11/09/bernankes-bright-idea-1-million-federal-mortgage-insurance/http://www.bloggingstocks.com/2007/11/09/bernankes-bright-idea-1-million-federal-mortgage-insurance/#commentsFiled under: , , ,

Anyone who has sat through a U.S. Congressional hearing -- present company included -- will tell you that the hearings are often 99% exasperation and 1% illumination.

Hours of each session can go by without hearing anything voters/readers really need to know about. Still, every once in a while, up pops something imaginative, sometimes even involving a topic that wasn't intended to be the focus of the hearing.

Such an event occurred Thursday during U.S. Federal Reserve Chairman Ben Bernanke's testimony before the U.S. Congress' Joint Economic Committee.

Bernanke, responding to a question from U.S. Senator and Committee Chairman Charles Schumer (D-New York) on the federal government's $417,000 insurance cap on mortgages, suggested that Congress could consider allowing Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), under a temporary plan, to buy mortgages up to $1 million from banks and mortgage companies, pay the U.S. Government a fee for having the federal government guarantee them, then turn them into securities to be sold as investments.

Continue reading Bernanke's bright idea: $1 million federal mortgage insurance

Bernanke's bright idea: $1 million federal mortgage insurance originally appeared on BloggingStocks on Fri, 09 Nov 2007 10:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Bernankebond marketbondsCongressFannieMaefeaturedFedfinanceFNMFREFreddieMacHousingJoint Economic Committeejumbo mortgagesmortgage backed securitiesmortgagesreal estateSchumerUS CongressUS economyUS Federal ReserveFri, 09 Nov 2007 10:50:00 EST