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Features
Russia to buy out mortgages from banks (AP)
AP - Russia's government pledged a mortgage buyout Wednesday and announced more aid for major airlines and other companies beyond an existing $200 billion financial rescue package, Russian news agencies reported.
 
EU businesses: states should buy company debt (AP)
AP - European Union businesses called on EU governments Wednesday to buy up company debt to ease financing and help prevent bankruptcies as the economy shrinks.
 
AIG, U.S. in deal to terminate some debt obligations (Reuters)

The logo of American International Group Inc. (AIG) on the outside of their corporate headquarters in New York, November 10, 2008. (Mike Segar/Reuters)Reuters - American International Group Inc and the U.S. government have reached an agreement to clear the insurer of its obligations on about $53.5 billion in toxic mortgage debt, the giant insurer said in a regulatory filing on Tuesday.



 
SEC adopts new rules for credit-rating agencies (AP)
AP - Federal regulators on Wednesday adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis.
 
Homes Overseas Announces New Egypt Property Buying Guide
Homes Overseas, the leading overseas property experts have added a property buying guide titled 'Now's a Good Time to Buy Golf Property in Egypt'. The guide is a detailed presentation, with well substantiated details for interested property buyers.
 
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Bahama NC Lenders

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