19 Aug 2013 05:04 PM EST
Fannie, Freddie Should Recognize Bad Loan Costs Immediately
Fannie Mae and Freddie Mac are masking billions of dollars losses because of the level of delinquent home loans they carry, a federal watchdog said in an internal report, recommending companies should be required immediately to recognize the costs of some bad mortgages. As the moment the companies have up to two years.
Buy Gold Now That Soros, Paulson Are Out
The big drop in gold prices may be over but the rebound is volatile. Gold futures surged 4.5% to close at $1,371 an ounce--its highest price in two months. Investors including hedge fund managers John Paulson and George Soros had been liquidating positions in the popular SPDR Gold Trust ETF, which "really killed gold."
