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November 19th, 2008

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S&P 500 Falls to Lowest Since 2003

Economic worries and concern about an automaker bailout hammered equity markets on Wednesday, sending the S&P 500 to its lowest since 2003 . The bulk of the selloff came after the Federal Reserve released pessimistic growth forecasts and expressed...(read more)

Written by Mortgage News Daily on November 19th, 2008 with no comments.
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Treasury’s Kashkari Says ABS Market Looks Promising for TARP

The asset-backed securities market appears to be promising for the TARP program, said TARP co-ordinator Neel Kashkari in a speech on Wednesday. Targeting the ABS market will help bring down interest rates on automobile purchases, student loans and credit...(read more)

Written by Mortgage News Daily on November 19th, 2008 with no comments.
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