Intel reported its earnings and Jim Rogers said Fannie Mae and Freddie Mac should not be bailed out. Today's top videos recap the highlights.
Intel Earning Analysis
“[Intel ] is still reporting record sales in its laptop and chips divisions, and that is very good news because there have been concerns that there has been softness globally in the PC market. But judging by these numbers we’ve seen, there doesn’t seem to be that worry about softness.”
--Jim Goldman, CNBC
Ackman Unveils Fannie/Freddie Fix
“I tried to figure out a way where the senior debt holders can get what they bargained for originally. In light of where we are in the capital market and the fact that senior debt is held by financial institutes around the country, we don’t want to put them in any more risk than they are already.”
--William Ackman, Pershing Square Capital Management
Don't Bail Out Fannie, Freddie: Jim Rogers
“[Fannie Mae and Freddie Mac ] have failed! They’ve just been bailed out by the U.S. government! They should not be bailed out.”
--Jim Rogers, CEO, Rogers Holdings
Stop Trading, Listen to Cramer!
“Almost every consumer aspect – anything other than staple, people aren’t buying. I just don’t have a consumer-based interest in companies that can buck this trend.”
--Jim Cramer, Mad Money
Maria's Market Message
“Congressional testimony from SEC Chairman Christopher Cox helping Wall Street pare some of its earlier losses today. Cox telling the Senate banking committee the regulators enacting new restrictions aimed at preventing short selling abuses in shares of mortgage lenders: Fannie Mae and Freddie Mac.”
—Melissa Lee, Closing Bell