Industry News - National Economy
| 05-05-2010
- Housing Prices May Rise According to John Paulson |
| In a period of just three years, hedge-fund manager John Paulson who was practically unknown, now is practically unparalleled. After a series of smart bets against the housing market that made Paulson's hedge fund billions of dollars, including days where it made more than $1 billion. |
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| 05-05-2010
- Bank of America Helping the Small and Medium Business |
| Bank of America Corp. is helping the small and medium business, and on Wednesday on a statement they said that they loaned $19.4 billion just during the first quarter, leaving an increase of nearly $3 billion compare with the same period last year. |
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| 05-04-2010
- Goldman’s censored |
| Securities and Exchange Commission and the regulatory arm of the NYSE Euronext have imposed a censure and a $450,000 fine on Goldman Sachs this Tuesday, which alleged violations to rules of short selling stocks. |
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| 05-04-2010
- Second Quarter: looking promising |
| The second quarter of the year looks promising for the economy, gaining speed as the factories had an unexpected rose in March and more people has been signing contracts to buy a previously owned home. |
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| 05-04-2010
- Fannie Mae Changing the Rules |
| One of the giants in the industry Fannie Mae has announced that it will tighten all the lending requirements for the interest-only loans and adjustable rate mortgages (ARMs). Now for example a homebuyer will have to pay at least 30% of the sale price, and for adjustable rate mortgages they will only buy the underwritten in case interest reset to higher of either 1 to ensure that borrowers could still afford payments. |
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| 05-03-2010
- U.S Economy going up |
| U.S Economy has increased in a 0.6 percent, pointing to a recovery that is accelerating in creating new jobs. |
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| 05-03-2010
- Surpassed Goldman before its plunge |
| For many years, Wall Street gave Goldman Sachs their most revered reputation, but as everyone knows this firm lost all its privileges on April 2009, when Goldman was accused of defrauding their investors with securities tied to subprime mortgages, also Securities and Exchange Commission were filling suit against the firm. |
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| 05-03-2010
- High Drama Crisis |
| "Significant inflation" and Greek debt crisis has worried Warren Buffet,, because they have the potential of being a high drama" in a Berkshire annual shareholders meeting on Saturday, in the city of Omaha, Neb.
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| 05-03-2010
- Euro Retreats against Dollar |
| As the U.S stock market goes up, the treasuries fell, and Golden Sachs is still being defended by Warren Buffett who has stated on a report on manufacturing and consumer spending that the economy is strengthening. The euro fell due to a bailout of Greece for its debts crisis. |
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| 05-03-2010
- GMAC Would be Ally Financial Inc. |
| GMAC reported this Monday their first quarterly profit, the Auto and home loan maker who received last year 3 government bailouts adding up $16.3 Billion was able to post profit after receiving the Troubled Asset Relief Program funds. |
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| 04-30-2010
- Feds Releases Criminal Probe against Goldman’s. |
| In a week that has not been so good to Goldman Sachs, Federal prosecutors have released criminal investigation on the Wall Street Bank to see if there has been any security fraud over mortgage security deals. |
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| 04-30-2010
- Lower Growth in Economy |
| According to reports on Friday the US economy is growing at a slower pace in the last 3 months than the pace it was growing on 2009. Buy it is still growing. GDP rose at a 3.2% annual rate in this quarter. |
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| 04-30-2010
- U.S Economy on the Right Track |
| 2010 seems to be a promising year as the American consumers helped propel the U.S. economy, taking it to another level with leadership of a recovery that is starting to generate the jobs needed to ensure it is sustained. |
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| 04-30-2010
- Goldman Sachs lowers in ratings |
| Today, Goldman Sachs stock went down after some analysts reduced their rating on the firm in middle of reports of a Federal Criminal Investigation into the bank.
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| 04-30-2010
- Tax Credit Ends… What’s next? |
| Most of the experts declared an end to the housing recession that hit the country since 2007, but some like Yale economics professor Robert Shiller does not think alike. |
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| 04-29-2010
- Wall Street’s Journey begin |
| The Wall Street Journey began this Thursday when the senate started working on a bill with one goal: prevent another financial crisis. |
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| 04-29-2010
- Freddie Mac’s analysis for this year’s rates |
| According to Freddie Mac the mortgage edged down 5.06% with an average of 0.7 on this week. In the previous year the average was 4.48% and in the previous period the average was 5.07%. |
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| 04-29-2010
- Low Rates May Increase In the Next 2 Years |
| Interest rates are decreasing now while economic slack is being taken up after a downturn, but that will change in coming years as the economy picks up, the president of the Richmond Federal Reserve Board cautioned. |
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| 04-28-2010
- Goldman’s case, not easy to cover. |
| Goldman Sachs was so powerful that according to conspiracy theorists it lorded over Wall Street, stock market and even The White House and, because of that, the media treated them kindly. They seemed to be untouchable. |
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| 04-28-2010
- Goldman’s Inner e-mails: Reflection of a problem |
| Senator Carl Levin released yesterday a series of internal emails that were sent by employees and former and actual Goldman’s executives. These emails show how employees discussed to convince salespeople to shed some bonds that the firm found too risky to maintain. These emails include Chief Executive Officer Lloyd Blankfein. |
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| 04-27-2010
- Goldman Sachs defends against Senate. |
| Goldman Sachs top representatives maintained their position that they did not engage any business deal leading up to the financial crisis. |
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| 04-27-2010
- Investors afraid about stock |
| Even though home pricing went up on last week, this Tuesday morning the U.S. stock went slightly down for the first time in 3 years. Investors are afraid from the risk spoken by Goldman and The Federal Reserve on their last meeting. |
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| 04-27-2010
- Debate between Goldman and Senate |
| Tuesday, former and current bankers at Goldman Sachs disagree on what duty does Goldman has in relation to its clients. |
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| 04-27-2010
- Question-Answer Debate: Goldman on the Fire Line |
| Goldman’s former and current executives, where put to test this Tuesday before the Senate, in a hearing about the mortgage security business in the previously years to the financial crisis. |
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