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Wall Street May Cut 20,000 Jobs Over 2 Years: Report  "The economic situation is particularly precarious. If the problems affecting Wall Street and housing worsen, the recession will be deeper and the fiscal pressures on the city will quickly mount"


No local bidders on Savage Apartments  The Savage Apartments has reverted to the ownership of a Florida-based lender after receiving no local bids at auction Thursday.read more...


With Open Borders, What Did We Expect?  The announcement by the Miller Brewing Co. that henceforth it will openly resist and challenge American law in favor of "the free movement of people, labor, goods and services" comes


County weighs option of split Scripps campus  Frustrated over more delays and potentially increased costs to taxpayers, Palm Beach County commissioners on Tuesday still unanimously endorsed considering a new option in the two-year saga to build a


Merrill, Citigroup Dominate Fees for CDOs, Fastest-Growing Debt Business  Merrill Lynch & Co. and Citigroup Inc. are dominating Wall Street's fastest-growing fixed-income business: bonds backed by debt offering the gamut of risk.read more...


Economic data should look better  Get $150,000 loan for $720 per month. Refinance and pay less each month. Compare mortgage rates now - bad credit OK.via

November 8th, 2006

Fannie Mae says it expects to spend over $1 billion this year on accounting review

Fannie Mae said Wednesday it expects to spend more than US$1 billion this year on the massive review of its accounting and preparing financial statements as the mortgage giant pushes to complete it by year’s …
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