Bail out on the way? Warren Buffet recently made the following comments about Fannie Mae (FNM) and Freddie Mac (FRE): "They're looking for help, obviously. And the scale of help is such that I don't think it can come from the private sector..." This means, no doubt, that the federal government will have to intervene and take over. In other news from around the world:
The difference dividend stocks can make: New York Times
Regulators take over the ninth bank this year: Bloomberg
Americans buy 7.8% less gasoline than last year. International Herald Tribune
Is commercial real estate the next shoe to drop? International Herald Tribune
Britain facing its first recession in 15 years: Guardian
Argentina: financial difficulties yet again? Economist
Like Japan in the 90's, does US face a decade of stagnation ? Economist
Record exodus of foreign capital from Russia: Financial Times
Royal Bank (RY), next to buy back its auction rate securities? Globe and Mail
Lone Star Equity to buy troubled Germany bank IKB: Deutsche Welle
Big 3 auto makers seeking $50 B in government loans: Sydney Morning Herald
Venezuela inflation could hit 27%: Sydney Morning Herald
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