NEW YORK----Fitch Ratings has today placed sub-class A6-EL of notes issued by Newport Waves CDO Series 7 on Rating Watch Negative. The Rating Watch Negative action reflects Fitch's view on the credit risk of the rated notes following the release of its new Corporate CDO rating Criteria.
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posted on: July 23, 2008 | about stocks: RJF Raymond James Financial, Inc. Q3 FY08 Earnings Call Executives Thomas A. James - It's a pleasure as usual to talk to you a little bit about the quarterly results this quarter and...
Combine a housing meltdown with election-year politics and the results were not going to be pretty. The House yesterday passed a housing bailout by 272-152. The most expensive provision gives the Treasury temporary authority to...
The Federal Reserve's decisions to offer credit to its 18 primary dealers -- and to extend these credit facilities to Fannie Mae and Freddie Mac, complementing the recent Treasury proposal for authority to back their debt and...
I don't carefully track President Bush's comments, and the intoxication analogy seems a little glib. But he's right about the role "fancy financial instruments" in the current economic downturn. But it's not just Wall Street -...