1. Isn't it rich?
- Author
-
Forsyth, Randall W.
- Subjects
United States. Congress. House of Representatives -- Economic policy ,American Express Co. -- Company sales and earnings ,American Express Co. -- Securities ,Federal Home Loan Mortgage Corp. -- Finance ,Fannie Mae Corp. -- Finance ,Rich -- Economic aspects ,Rich -- Finance ,Financial services industry -- Company sales and earnings ,Financial services industry -- Securities ,Mortgages -- Prices and rates ,Mortgages -- Economic aspects ,Mortgage banks -- Finance ,United States economic conditions -- Analysis ,Company financing ,Company earnings/profit ,Company securities ,Company pricing policy ,Financial services industry ,Mortgages ,Banking, finance and accounting industries ,Business - Abstract
The shares of American Express fell 13 percent due to a shortfall in their earnings due to spending cut backs from their rich clients. Fannie Mae and Freddie Mac are the remaining source of mortgage liquidity and these companies are about to be helped by the housing bill passed by the House of Representatives.
- Published
- 2008