By the time you get to this article you will have probably heard that the US government will bail out the two largest guarantors of the country’s housing mortgage debt, Fannie Mae and Freddie Mac. It was announced by US Treasury secretary Henry Paulson and Federal Reserve chairman Ben Bernanke. While the media rings the […]
Archive for the 'Financial News' Category
The chief executive officers of twelve U.S. airlines have decided to take a stand against oil speculation and launched a major campaign to stop it. With oil pushing new records over and over again, airlines are feeling the bite in their bottom line and have laid off employees, raised fair prices and added additional fees […]
