Go to Print Edition Companies in the news People in the news Contents Browse selected articles from the October 21, 2005 print edition and web-exclusive Daily News.read more...
Mortgage Giant Fuels Worries With Its Financial Woes The wider-than-expected loss posted by Freddie Mac makes clear that the mortgage giant and its rival Fannie Mae have less power to prop up the housing market than politicians hoped.
Project Unlikely To Get Approval read more...
Franchising becomes family affair None of the three Pietsch siblings was planning to enter the restaurant business in Hawaii, much less buy a franchise for fish tacos.read more...
Taxes and the newly salaried professional That salary sounded great, but then the first paycheck arrived. Here's some advice for maximizing your deductions, exemptions and credits.via
AARD Begins Trading on the OTCBB via
“Investors lost millions, and New Yorkers lost their homes. We can’t sit idly by.”
New York authorities are suing 26 banks and two accounting firms that did business with Countrywide Financial Corp., saying the companies failed to ensure that the beleaguered mortgage company was being honest with investors.
The firms were added as defendants Friday in a class action lawsuit already pending against Countrywide in California.
Two of the lead plaintiffs, New York State Comptroller Thomas P. DiNapoli and City Comptroller William C. Thompson Jr., oversee several huge government pension funds that invested in Countrywide securites. Read more
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