Developing Affordable Housing Ecosystems World Wide
World Bank president James Wolfensohn has acknowledged what has been openly speculated, that he may — not will — step down during 2005:
“I’ve had 10 years, and I think that’s probably enough,” Wolfensohn said on ABC’s “This Week” when asked whether he would like to stay beyond his second five-year term. “But if the [...]
With its recent $9 billion earnings writedown, Fannie Mae has made immediate moves to raise new capital starting with 5 billion in preferred stock:
[To] cure Fannie’s immediate problem of being “significantly under-capitalized” for regulatory purposes, a designation given to Fannie last week after the Securities and Exchange Commission’s chief accountant told the company to [...]
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