FREDDIE MAC AND FANNIE MAE BAILOUT
July 14, 2008 - USA
Freddie Mac and Fannie Mae who own or guarantee about $5.3 trillion worth of home loans about half of all US mortgages have seen a loss of confidence my the market due to the mortgage forclosure increase and the drop in property values in the United States. Both company Shares have been under increasing pressure and have lost as much as 80% of share value in just 12 months . The Fed has given the green light for the Federal Reserve Bank of New York authority to lend any money needed to allow them to continue providing mortgages at 2.25% and will expand its current line of credit to the two companies and buy shares of the companies if needed to prop up share price in these troubled times. Congress is also to approve a package next week which includes a foreclosure rescue to help strapped homeowners get new, more affordable government-backed mortgages through the Federal Housing Administration.
ANHEUSER- BUSCH TAKEN OVER
July 14, 2008 - USA
After a $52 billion takeover deal, American beer maker, Anheuser- Busch, was taken over by the Belgian beer maker InBev on this day. The merging of the two companies made the newly combined company, Anheuser-Busch InBev, the largest beer maker in the world. The new combined company produces some of the most well known beer brands in the world including Bud Light, Budweiser, Becks and Stella Artois.
No Man is Above the Law
by Theodore Roosevelt
"..."No man is above the law and no man is below it; nor do we ask any man's permission when we require him to obey it. Obedience to the law is demanded as a right; not asked as a favor."..."
Rules for Happiness
by Immanuel Kant
"...Rules for Happiness: Something to do, Someone to love, Something to hope for...."
about Facts about Drugs
Facts about drugs can protect against drug abuse. Legal drugs, such as alcohol and tobacco, kill more people than illegal drugs. Tobacco (smoking cigarettes) kills more people than any other drug. Illegal drugs including heroin, cannabis, ecstasy and amphetamines can have unknown or dangerous ingredients. Mixing drugs, especially with alcohol, can be fatal.
about Stolen On New Year's
More vehicles are stolen on New Year's Day than any other holiday throughout the year. (So does that mean thieves are having their last fling before changing their ways or are they trying for a big score to start the New Year?)
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Category Information : Animal Rescue-Shelters
This is our Animal Rescue - Shelters category. If you are interested in Animal Rescue - Shelters, feel free to browse these subcategories. If you have a site that fits within one of these subcategories, Submit it for inclusion.
Search engine is the term with which we are accustomed with very much. But the web directory is not that same. The web directories are older than search engines according to the time of their invention.
Friendship poems happen to be just the best medium of expressing eternal friendship to that special friend. You can let all the love and affection you possess flow out, right onto the paper lying in front of you, through a sweet little friendship.