The market is trading in a fairly tight range this morning. Honestly, no telling what the afternoon will bring. GMAC is planning to shut most of it’s American and Canadian lending offices, leaving open 4 US and 1 Canadian offices. The Ohio Attorney General, on behalf of state funds, is looking at possible action against Fannie Mae (FNM) over auction-rate securities and a potential lawsuit over disclosure of subprime holdings.
Recent Posts:
- Taxpayers to the Rescue of Afghanistan Banking Crisis?
- Economic Data and Earnings Schedule for September 2 2010
- Christina Romer Makes a Final Recommendation Before Leaving To Teach Keynesian Economics
- Homebuilder Hovnanian (HOV) Reports Dismal Quarter
- Auto Sales Data for August 2010
- Stock Market Rewind – September 1, 2010
