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  • Stocks Are Mixed After Paulson Remarks Thursday, 10 Apr 2008 | 11:10 AM ET

    Stocks opened higher Thursday after a better-than-expected report on jobless claims, and raised outlooks from Dow components DuPont and Wal-Mart.

  • Bernanke Says US Could Be Facing A Mild Recession Thursday, 10 Apr 2008 | 10:12 AM ET
    Ben Bernanke

    Federal Reserve Chairman Ben Bernanke said the U.S. economy could face a mild recession but that growth should pick up as the impact of aggressive interest rates cuts are felt.

  • Paulson: Housing Is Still Biggest Threat to Economy Thursday, 10 Apr 2008 | 9:49 AM ET
    Henry M. Paulson, US Treasury Secretary

    The U.S. economy has "turned down sharply" and is at risk of weakening further because of the slump in housing, Treasury Secretary Henry Paulson said.

  • ECB Holds Interest Rates at 4% Thursday, 10 Apr 2008 | 8:46 AM ET

    The European Central Bank kept rates on hold at 4 percent, as expected, on Thursday, sticking to its mandate to fight inflation at any cost. Economists now think the possibility of monetary easing is more likely as late as the fourth quarter.

  • Trade Deficit Up; Jobless Claims Less Than Expected Thursday, 10 Apr 2008 | 8:40 AM ET

    The US trade deficit widened unexpectedly in February as imports of consumer and other goods set a record and grew faster than exports, which hit a record for the 12th consecutive month, a government report showed on Thursday.

  • Pimco's El-Erian: Rate-Cutting May Be Near End Thursday, 10 Apr 2008 | 7:41 AM ET

    The Federal Reserve will stop cutting interest rates once it is assured that the economic contraction is limited to the financial sector, PIMCO CEO Mohamed El-Arian told CNBC.

  • Bank of England Cuts Rate to 5 Percent Thursday, 10 Apr 2008 | 7:22 AM ET

    The Bank of England cut interest rates by 25 basis points to 5 percent on Thursday, amid continuing weakening in the housing market and as fears of an economic slowdown increased.

  • Fed Bashed, ECB Spared in Finger-Pointing Match Thursday, 10 Apr 2008 | 3:55 AM ET

    Wall Street banks are the first to be blamed for the credit crunch. Central banks come a close second, but as the Federal Reserve's image is suffering, the European Central Bank looks as solid as a rock.

  • Bush And Barney Together On FHA Plan? Not Sure It Helps Wednesday, 9 Apr 2008 | 2:16 PM ET

    Let me not to the marriage of true minds admit impediments, I always say (ok, you know I didn't say it), but this one boggles the mind. As House Financial Services Committee Chairman Barney Frank was launching unveiled threats to lenders today that they'd better write down the value of troubled loans or face stiff regulation in the future...

  • Fed Considering Additional Liquidity Measures Wednesday, 9 Apr 2008 | 8:30 AM ET

    The Federal Reserve is mulling further steps to address liquidity problems in financial markets should measures taken to date fail to gain traction, a Fed official confirmed Wednesday.

  • BoE Likely to Cut, Brown Dismisses Price Fears Wednesday, 9 Apr 2008 | 8:05 AM ET

    The Bank of England will probably cut interest rates to 5 percent Thursday, in the hope of alleviating the impact of the credit crunch, but inflation expectations are on the rise, adding to the central bank's dilemma, analysts told CNBC.com. 

  • Cut Rates? The ECB Won't Hear of It Wednesday, 9 Apr 2008 | 7:43 AM ET

    The European Central Bank's mission to fight inflation prevents it from worrying about economic weakness. But an abrupt slowdown could anger politicians and endanger the central bank's very mandate.

  • Greenspan Says Fed Didn't Cause Housing Bubble Tuesday, 8 Apr 2008 | 5:17 PM ET
    Alan Greenspan

    Former Federal Chairman Alan Greenspan told CNBC  he had little to do with the  housing bubble or credit crisis despite criticism the Fed kept interest rates too low under his watch.

  • Fed Didn't Inflate the Housing Bubble: Greenspan Tuesday, 8 Apr 2008 | 4:55 PM ET
    Alan Greenspan

    Former Federal Reserve Chairman Alan Greenspan has defended himself from charges that easy U.S. monetary policy created the current credit crisis by inflating a housing bubble, and instead blamed professional investors.

  • Fed Minutes Show Worries About a Deep Recession Tuesday, 8 Apr 2008 | 3:36 PM ET
    Ben Bernanke

    Worries about a deep recession--not a shallow one--drove Fed policymakers to slash interest rates again last month, according to minutes of their  meeting.

  • I realize you’re all going to get on my case again for saying something nice about a home builder, but here’s the thing: After reporting the obscene amount of money a certain CEO of a certain mega-mortgage company raked in last year (Mozilo of Countrywide), I simply have to give a shout-out to Lennar for their no-performance, no-pay policy.

  • Full Text: FOMC Minutes Tuesday, 8 Apr 2008 | 2:28 PM ET
    The Federal Reserve headquarters in Washington, DC.

    The following is the text of the minutes from the Federal Open Market Committee's meeting of March 18, issued on Tuesday:

  • Not since the defenestration of Prague has anyone landed in a bigger pile of doo-doo than I did last week, when I defended a tax break for the nation’s home builders. The Senate finished up its version of a bill to save troubled homeowners, and it included a provision that would allow home builders to carry losses back several years to profitable years.

  • Small Business Optimism Index Hits All-Time Low Tuesday, 8 Apr 2008 | 7:43 AM ET

    A gauge of small business optimism in the United States sunk in March to a 22-year low, as small business owners clamped down on plans to create new jobs and expand business operations, a survey released Tuesday showed.

  • The Mortgage Bankers didn't like my post today, even though I cited the Washington Post as my source. They claim the Post story was not right. I'm not taking sides, I just want all the sides to have their say, so here's the MBA: