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Fannie Mae and Freddie Mac must go - Christian Science Monitor
Macon, Ga. - At the time, it was perhaps the biggest bailout in US history. Today, one month later, the federal takeover of mortgage giants Fannie Mae and Freddie Mac has been all but forgotten in the drama of the global credit crunch. Washington ...

Tight times in the midstate: Macon waitress sees number of customers ... - Macon Telegraph
Editor's note: This is the second in a series of stories about how the economic downturn is affecting Middle Georgians. You know the economy has gone South when folks around here are going to restaurants and not ordering sweet tea. At least not as ...

Georgia man gets 14 years in mortgage fraud scheme - Macon Telegraph
A metro Atlanta real estate agent was sentenced Friday to 14 years in federal prison in a multimillion-dollar mortgage fraud scheme. U.S. District Judge Beverly Martin also ordered Joseph Sterling Jetton, 61, of Woodstock to pay $11.2 million in ...

Treasury to capitalize banks - Macon Daily
WASHINGTON ( Reuters ) - The U.S. Treasury Department plans to start directly injecting capital in U.S. banks as soon as the end of October in exchange for passive investment stakes, according to a financial policy source familiar with Treasury ...

Economic Stabilization Act approved, but will it work? - Macon County News
This is the first of a three-part series taking a closer look at national, state and local economies. State leadership votes on the economic stabilization act were split down the middle last week, but Rep. Heath Shuler (D) said for his district, he ...

European governments act - Macon Daily
LONDON/BERLIN ( Reuters ) - More European governments followed Germany's lead on Monday offering guarantees to savers in a frantic effort to calm fears among investors over the worst financial crisis in 80 years. However, the moves failed to comfort ...

passage of the financial rescue package. - Cherokee County Herald
All seven of Georgia’s House Republicans — including Rep. Phil Gingrey — lined up against the $700 billion financial bailout that passed Friday. Two Georgia Democrats — who earlier this week rejected the measure — voted to approve the ...

FHA loans gain popularity after subprime fiasco - Atlanta Journal Constitution
The now-reviled subprime mortgage, blamed for sparking the current financial crisis, is all but dead. But people with little money for a down payment and even blemished credit are still buying homes. How? Many are turning to the government for help ...

Congress Weighs New Regulations Amid Crisis - 13 WMAZ
A Congress criticized for being asleep at the switch as financial problems festered on Wall Street now is eyeing tough new regulations for investment banks. It's also exploring a new government role in the mortgage market. Lawmakers may impose much ...

Congress gets bailout plan - Macon Daily
WASHINGTON ( Reuters ) - The Bush administration asked Congress on Saturday for $700 billion to bail out firms burdened with bad mortgage debt, seeking extraordinary authority as it tackles the worst financial crisis since the Great Depression ...

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