Mortgage and Financial News From 2008-1-20 Page 4

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• Bond plan to aid sale of bank - Business Day

  Bond plan to aid sale of bankBusiness Day, South Africa - 35 minutes agoUK Prime Minister Gordon Brown said at the weekend that new talks were under way amid reports the state would convert £25bn of loans to the bank into bonds ...
  2008-01-20 09:19:55

• Darling unveils Rock rescue plans - BBC News

  Darling unveils Rock rescue plansBBC News, UK - 24 minutes ago... as it was no longer able to raise the required funds to run its mortgage business. It has been given about £26bn of Bank of England emergency loans, ...
  2008-01-20 09:30:56

• Northern Rock Crisis: Chancellor Statement On Bank's Future - MyFox Washington DC

  Northern Rock Crisis: Chancellor Statement On Bank's FutureMyFox Washington DC, DC - 18 minutes agoAlistair Darling will set out to MPs plans to convert Northern Rock's ??24bn of emergency loans into bonds and sell them to international investors. ...
  2008-01-20 09:37:07

• Chancellor to address parliament on Northern Rock - AFP

  Chancellor to address parliament on Northern RockAFP - 9 minutes agoLONDON (AFP) — Chancellor of the Exchequer Alistair Darling is to make a statement to parliament Monday regarding the future of troubled mortgage lender ...
  2008-01-20 09:46:02

• Kiwis' Political Journey - TheTyee.ca

  Kiwis' Political JourneyTheTyee.ca, Canada - 5 minutes agoMy friend, retired with his pension and savings, had to go back into the real estate market and try to sell houses with mortgage rates over 20 per cent. ...
  2008-01-20 09:50:19

• National real estate woes hit home (Knoxville News Sentinel)

  Troubles in the real estate market have taken a toll on some of Knoxville's banking heavyweights.
  2008-01-20 09:19:32

• Nation's economy caught in downdraft; panic begins (The Post and Courier)

  Are we having fun yet? Okay, so maybe the economy has fallen into recession. Maybe house prices are going to decline 12 percent by the time it's all done, as Fannie Mae's chief executive said recently. Maybe this won't be the year for that 13 percent stock-price rebound that Goldman Sachs' ...
  2008-01-20 09:19:40

• Texas banks optimistic about 2008 (San Antonio Express-News/KENS 5)

  State economy expected to slow down, but keep growing.
  2008-01-20 09:32:55

• Darling unveils Rock rescue plans (BBC News)

  The chancellor is to announce plans to make way for a private sector buyout of Northern Rock.
  2008-01-20 09:35:05

• Chancellor to address parliament on Northern Rock (AFP via Yahoo! News)

  Chancellor of the Exchequer Alistair Darling is to make a statement to parliament Monday regarding the future of troubled mortgage lender Northern Rock.
  2008-01-20 09:35:12

• Britain Says Northern Rock Is Not Sold Yet (NYTimes.com via Yahoo! Finance)

  Britain’s prime minister, Gordon Brown, denied reports that he had made a deal with Richard Branson over the sale of Northern Rock during a trip to China and India.
  2008-01-20 09:38:58

• For Clinton, Government as Economic Prod (NYTimes.com via Yahoo! Finance)

  Senator Hillary Rodham Clinton said that the government should take an active role in the economy to address what she said were the excesses of the market and of the Bush administration.
  2008-01-20 09:39:15

• The battle for America's soul (Online Journal)

  Does America have a soul? Yes, it has a collective national soul. A soul that reflects the principles, the values, the ethics and moral convictions of our citizenry.
  2008-01-20 09:52:22

• Kiwis' Political Journey (in Views) (The Tyee)

  How New Zealand's Labour party turned right.
  2008-01-20 09:53:59

• British finance minister to address parliament on Northern Rock (Servihoo)

  British finance minister Alistair Darling is to make a statement to parliament Monday regarding the future of troubled mortgage lender Northern Rock.
  2008-01-20 09:54:20

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