October 30, 2008

Investment

Corporate Bond Risk Falls on Fed Cut, U.S. Mortgage Proposals - Bloomberg
Oct. 30 (Bloomberg) — The cost of protecting corporate bonds from default fell to the lowest in seven days as money- market rates declined a 14th day and investors speculated U.S. regulators may enact a $500 billion plan to guarantee troubled
Source: www.bloomberg.com

Government may spend $50B to provide relief on 3M mortgages - New York Daily News
Help finally may be headed to Main Street. Government agencies are working on a mortgage adjustment plan to allow millions of American homeowners caught in the worldwide financial meltdown avoid foreclosure, sources close to the talks said Wednesday
Source: www.nydailynews.com

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