
Former Fannie Mae Chief Executive Daniel Mudd wished he said "no" to more of the things the company was asked to do, he told the Wall Street Journal in an interview. "We were asked - or required - to expand lending, to conserve capital while providing liquidity, to meet housing goals for the underserved, to serve shareholders and homeowners alike," Mudd said.
The US credit crisis has got the FBI asking questions.
http://www.ibnlive.com/news/fbi-puts-aig-lehman-brothers-under-investigation/74256-7.html
Big gainers are power, capital goods, banking, realty, tech and oil stocks.
http://www.ibnlive.com/news/mkts-cheer-nukedeal-nifty-above-4500-in-early-trade/73082-7.html
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