Mortgage and Financial News From 2008-6-26 Page 18

Previous Day: 2008-06-25

Special Section Spring 2008 (New York Times)
JUST after JPMorgan Chase announced its initial $2-a-share deal to buy Bear Stearns , government officials held an extraordinary impromptu conference call.
2008-06-26 12:01:10
Bear Stearns Deal (New York Times)
The fate of Bear Stearns’ former chief executive, Alan Schwartz, has been an open question for several months. And now it may be remain that way for several months more.
2008-06-26 12:01:20
Johnson pushing mortgage relief bill (The Argus Leader)
With help from South Dakota Sen. Tim Johnson, the Senate is poised to pass legislation this week that would give banks and some homeowners relief from troubled mortgages Johnson, a Democrat, will vote for the measure, which would allow banks to voluntarily trade defaulted mortgages for new ones guaranteed by the Federal Housing Administration and taxpayers. The deal would require banks to ...
2008-06-26 12:01:42
News from across the nation ... (Erie Times-News)
ALBANY, N.Y. -- New York's top court backed a lower court in throwing out four of the state's six claims against former New York Stock Exchange Chairman Richard Grasso's $187.5 million compensation package, saying the attorney general at the time had exceeded his authority.
2008-06-26 12:02:20

Special Section Spring 2008 (New York Times)