Emac's Stock Watch | Fox Business

  • February 9, 2010 10:19 AM EST

    The Nasty JPMorgan-Wamu Fight

    It was the largest bank failure in U.S. history. It was also the most quiet, when it comes to media attention. And now it’s triggered one of the nastiest legal fights ever seen in the banking industry. Seattle-based Washington Mutual Bank was closed by the U.S. government in September, 2008, during those fateful early autumn days when Fannie Mae (FNM) and Freddie Mac (FRE) were seized by the government, when Lehman Bros. and AIG (AIG) were failing, when Wachovia was on the ropes, and Merrill Lynch veered toward collapse, as well. WaMu failed amid mounting mortgage losses and after a 10-day bank run which saw ... read more

  • February 4, 2010

    Moody's Threatens U.S.’s Triple-A--Again

    Soaring deficits still threaten the U.S.’s triple-A bond rating, Moody's Investors Service says. The warning was met with surprise, since Moody’s said in December it had no plans to lower the nation's debt rating. At that time, Moody’s said the top-notch status was “not under immediate threat,” although it did say the rating could be downgraded in 2013 if the fiscal position of the U.S. did not improve.  Moody's has made similar threats to downgrade the U.S. in the past, but the threats are coming more ... read more

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  • February 2, 2010

    Housing Red Flags Ignored

    One of the nation’s biggest mortgage industry players repeatedly warned the Federal Reserve, the Federal Deposit Insurance Corp. and other bank regulators during the housing bubble that the U.S. faced an imminent housing crash. The trade group also mapped out the 15 states which faced "sudden increases in foreclosures" and "a downward spiral," including California, Florida and Nevada. But bank regulators not only ignored the group's warnings, top Fed officials also went on the airwaves to say the economy was "building ... read more

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  • January 29, 2010

    Fixing America: Job Growth

     Last of a three-part series GDP rose 5.7% unadjusted in the fourth quarter of 2009, the second straight quarter of growth, the Commerce Department said today. But the economy shrunk by 2.4% for the year, the biggest drop since the 10.9% contraction in 1946, as more than seven million people are out of work--more than 15 million counting those who have given up. President Barack Obama is talking about spending more money on a big jobs push, as the Democratic-controlled Senate approved raising the government borrowing limit ... read more

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  • January 27, 2010

    Bipartisan Attack on Geithner

    In a rare show of bipartisanship in Congress, both sides of the political aisle attacked an increasingly testy Treasury Secretary Timothy F. Geithner over his role in the rescue of insurer American International Group in a fiery hearing that had one Congressman calling for his resignation and another saying his behavior "stinks to high heaven." As head of the New York Federal Reserve in the fall of 2008, Geithner signed off on making 100% AIG’s trades entered into by counterparties such as Goldman Sachs, Societe Generale ... read more

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about this blog

  • Elizabeth MacDonald is the stocks editor for Fox Business Network. She is recognized as one of the top prize-winning business journalists in the country, and has received 14 awards, including the top prize in business journalism, the Gerald Loeb Award for Distinguished Business Journalism, and the Newswomen's Club of New York Front Page Award for Excellence in Investigative Journalism.

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