InBev buys an American icon and IndyMac falls. Today's top videos recap the highlights.
Fate of Fannie & Freddie
“Lets recognize that this housing crisis was and is much deeper in some parts of the country than others and there’s a very direct relationship in most afflicted regions to bad lending practices. It’s no surprise to us, for example, that some of those communities with the largest over hang and the largest foreclosure rates tend to be those same communities that were the heart of the problem in 1990 with the savings and loan crisis.”
—Abby Joseph-Cohen, Goldman Sachs Sr. Investment Strategist
Deal On Tap
“All along we told you about the power behind written consent. That really was the key weapon here in Arsenal and the one that ultimately deployed to great effect…Friendly talks ensure, you get a deal, and you get a deal that calms some nerves on the Anheuser-Busch side.”
—David Faber, Faber Report
Saving Fannie & Freddie
“I think this is a case where Fannie and Freddieare fundamentally sound, they are not in danger of going are not the best investment these days from the long-term standpoint going back, I think they are in good shape going forward, there in the housing market. I do think their prospects going forward are very solid.”
—Rep.(D-Mass.) Barney Frank, Chairman of the House Financial Services
Stop Trading, Listen to Cramer!
“I would emphasize that everyone in the game knew that IndyMac was going to go, everybody. It’s because they had a huge number of non-performing assets…You don’t want to wait until there’s a line out the door getting your deposit, just look at the NPA’s, that’s what determines whether a bank is going to be seized or not, non-performers.”
—Jim Cramer, Mad Money
Maria's Market Message
“Activist and investor Carl Ichan blasting Yahoofor rejecting his joint proposal with Microsoft. Ichan says management is more focused on who would run the Internet company than on details of the deal.”
—Melissa Lee, Closing Bell