As investors run like madmen from the Fannie Mae(FNM: 0.82 0.00%) and Freddie Mac (FRE: 0.82 0.00%) fiasco in the US mortgage arena, Asians are turning away from the banking sector due to the scare.
What’s interesting here is that there two corporations are not in the same boat as Bear Stearns (BSC: 6.18 [...]
Let’s be honest. There’s no reason for the recession to go away any time soon.
There are a lot of things that are contributing to this, but speaking that we’ll be out in a year or two as the fed has said, is severely optimistic. With the ARM fiasco that [...]