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Jumbo loans feel subprime weight

Aug 15, 2007
Some in Congress and the mortgage industry want the government to allow Fannie Mae and Freddie Mac to buy up bigger loans. So far, no deal. Stacey Vanek-Smith reports on how that's affecting potential homebuyers in some of the country's most expensive housing markets.
Posted In: Housing, Investing, Wall Street

What score do rating agencies get?

Aug 15, 2007
There are lots of bogeymen in the subprime crisis -- lenders, brokers, investors, even homeowners. And here's another one: credit rating agencies. Kim Clark of U.S. News and World Report explains their role.
Posted In: Housing, Investing, Wall Street

Markets trapped on wild ride

Aug 15, 2007
Uncertainty continues to plague stock markets here and around the world. And after an unusual profit warning from Wal-Mart yesterday, overseas investors are particularly concerned that American consumers are out of spending money.
Posted In: Canada, Economy, Wall Street

Down with financial entrepreneurs

Aug 15, 2007
Commentator Robert Reich says the full-blown credit crisis of recent weeks is the price we're paying for letting financial entrepreneurs take over our economy, a problem that's not going away unless we level the playing field.
Posted In: Economy

Trade-secret leak in aisle 7

Aug 15, 2007
The Federal Trade Commission inadvertently released documents yesterday from Whole Foods with information that should have been omitted -- including the grocery giant's plans to close 30 Wild Oats stores upon the companies' merger. Amy Scott reports.
Posted In: Retail

Nestle rolling in dough

Aug 15, 2007
The world's biggest food company has reported a sweet increase in sales and profits, despite the fact that milk and sugar prices keep going up. Stephen Beard looks at how Nestle earned enough to plan a $21 billion stock buyback.
Posted In: Wall Street

It's a good time to be John Deere

Aug 15, 2007
The increased demand for ethanol fuel has turned things around for some American farmers. Suddenly they've got more money to reinvest in better tractors, and that's meant a profitable year for John Deere. Gabriel Spitzer reports.
Posted In: Wall Street

Nokia hot to make a battery recall

Aug 15, 2007
In what will likely be a very costly recall, Nokia is offering to replace 46 million cell phone batteries because of cases of overheating. Lisa Napoli reports.
Posted In: Retail

Feds open way to NYC congestion tax

Aug 14, 2007
The federal government has offered New York City $354 million to pay for Mayor Bloomberg's proposal to charge a fee for vehicles entering the busiest areas of Manhattan. The mayor says it will be good for the economy. Bob Moon reports.
Posted In: New York, Taxes

Is Greenspan to blame?

Aug 14, 2007
Some pundits are pinning the blame for market uncertainty of late to former Fed chairman Alan Greenspan, but is it fair to second guess 18 years of decision-making in hindsight? Besides, he did warn borrowers two years ago, John Dimsdale reports.
Posted In: Economy, Wall Street

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