Nov 25th, 2008 · The Fed said it will purchase up to $100 billion in direct obligations from mortgage giants Fannie Mae and Freddie Mac, as well as the Federal Home Loan Banks. It also will purchase another $500 billion in mortgage-backed securities — pools of mortgages that are bundled together and sold to investors.
Nov 21st, 2008 · As investors continue to shed Citigroup stock, CEO Vikram Pandit is trying to stem speculation that he wants to sell off pieces of the company to raise cash.
Nov 21st, 2008 · The financial crisis is closing in on Citigroup. The banking colossus has more than 200 million customers around the world. But investors are increasingly worried about Citigroup's financial condition. Its share price tumbled more than 25 percent Thursday. CEO Vikram Pandit is weighing his options, and they include selling off parts of the company or selling the whole company. Citigroup lost half its value this week and is trading at levels not seen since the mid 1990s.
Nov 20th, 2008 · Silicon Valley venture capitalists are investing in clean energy, with the electric car their vehicle of choice. While the economic meltdown has crimped immediate sales plans, electric-car manufacturers hope for a thin slice of the $25 billion auto industry bailout being considered by Congress.
Nov 14th, 2008 · Barry Silbert sees the potential for profit in toxic assets. He wants to use his company, SecondMarket, as a place where would-be buyers and sellers can get together to settle on a price for collateralized debt obligations and all those other hard-to-value asset-backed securities.
Nov 14th, 2008 · Capital-intensive green-energy projects are scrambling to adapt to a harsh new reality of tight credit, cash-poor investors and falling oil prices. Entrepreneurs are worried their industry may repeat the boom-bust cycle that followed the Carter administration.
Nov 11th, 2008 · As the economic meltdown plays out, many investors are watching their retirement accounts dwindle in value. And though many of them want to withdraw from the market, their financial advisers are telling them to stay put.
Nov 7th, 2008 · Every investor dreads margin calls. It's what happens when people borrow heavily against their assets and then see their value plummet, forcing them to sell part of their holdings to pay their lenders. When the market plunged in October, a lot of corporate executives lost chunks of their fortunes to margin calls. But the impact on the economy as a whole is even more devastating.